JPMorgan to invest $200 mln in entertainment sector

lunes 3 de diciembre de 2007 14:17 CET

Dec 3 (Reuters) - JPMorgan Chase & Co (JPM.N: Cotización), the third-largest U.S. bank, said it plans to invest $200 million of its own capital in the entertainment industry.

The bank will look to invest in film and television financings, content acquisitions, new industry ventures, and traditional and digital media start-ups using subordinated debt, the company said in a statement. (Reporting by John Tilak in Bangalore; editing by Anil D'Silva)