Warner Bros. partners with SCi

SCi and Warner Bros. have announced that the two companies have entered into a strategic partnership.

Warner Bros. Home Entertainment will subscribe for up to GBP 15 million (USD 30 million) new shares in the company and will handle distribution of SCi titles in the US, Canada and Mexico.

SCi said that it would raise GBP 60 million (USD 120 million) through a fully-underwritten placing and open offer of 171,605,424 new shares in the company at 35 pence per share.

Following completion of the fund raising, the company will have substantial cash balances in addition to its new committed GPB 25 million (USD 50 million) debt facility.

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