PalmStar Media is a leading bicoastal independent finance and production company with a focus on film and television content. The company has both development and production capabilities, along with the flexibility to provide bridge loans, senior and mezzanine debt, development and production equity and distribution financing. PalmStar’s core business strategy is to own, control, produce and finance motion picture content. PalmStar also makes private equity investments in various third party media companies.
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History
PalmStar Entertainment was co-founded in 2004 by Kevin Frakes and Stephan Paternot, later in 2010, the CEO Frakes co-founded PalmStar Media Capital with Peggy Taylor and Frank Pollifrone.
Collaboration deals
In October 2014, PalmStar Media signed on a multi-year financing deal with Basil Iwanyk's Thunder Road Pictures, and according to this agreement, Thunder Road would get $200 million funds from PalmStar Media. Thunder Road would use it to fully finance and produce five to six independent films from $20 to $50 million budget range per year.
In February 2015, PalmStar Media signed on a deal with Dylan Sellers' Rivers Edge Films to handle all company's production and development costs, and they together would produce four to five films with budgets between $20 million to $40 million. In August 2015, PalmStar Media signed a deal with Jeremy Renner and Don Handfield's production company 'The Combine' to produce two to three films per year together.
PalmStar Media has also has partnered with Anthony Bregman's Likely Story and Buddy Patrick's Windy Hill Pictures.