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Article: Palm Pictures Secures Funding Anchored by Investment From Grupo Santo Domingo; Avalon Capital Group Increases Its Stake By Investing Additional Funds.
- Article from:
- Business Wire
- Article date:
- September 17, 2002
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Business & Entertainment Editors
NEW YORK--(BUSINESS WIRE)--Sept. 17, 2002
New Capital Will Accelerate Growth of the
Innovative Entertainment Company
Palm Pictures today announced that it has secured new funding. The round is anchored by a significant investment from Grupo Santo Domingo and also includes additional funding from long-time Palm Pictures investor Avalon Capital Group.
Grupo Santo Domingo is a broadly diversified Latin American company with assets in broadcast television, radio and print media. Avalon Capital Group is the equity investment vehicle for Ted Waitt, Founder, Chairman and CEO of Gateway Inc.
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