What is the "The Librarian" franchise and how did it impact Electric Entertainment?

The "The Librarian" franchise, starring Noah Wyle, became the flagship series for Electric Entertainment, sparking the company's shift to a new business model where it owns the rights to its TV productions.

How did Electric Entertainment secure more creative control?

In 2022, Electric Entertainment leveraged its content library to secure a $100 million credit facility from Bank of America, giving the company more financial freedom and the ability to greenlight projects based on Dean Devlin's instincts.

What is the scope of Electric Entertainment's operations?

Electric Entertainment has expanded its operations, with a 20,000-square-foot headquarters in West Hollywood that houses editing suites, a writers' room, and even a podcast studio, allowing the company to have more control over its productions.

Home / Arts and Entertainment / Electric Entertainment Secures $100M Credit Facility, Gains More Creative Control

Electric Entertainment Secures $100M Credit Facility, Gains More Creative Control

10 Oct

•

Summary

Dean Devlin's Electric Entertainment shifts from big-budget movies to owning TV series
Noah Wyle's "The Librarian" franchise becomes flagship for Electric, sparking new business model
Electric secures $100M credit facility in 2022, allowing more creative freedom

Electric Entertainment Secures $100M Credit Facility, Gains More Creative Control

Three weeks ago, Electric Entertainment, the production company founded by Dean Devlin in 2000, celebrated a major milestone in its evolution. What started as a traditional big-budget, sci-fi movie studio has transformed into a successful TV production powerhouse, thanks to a strategic shift that began in 2004.

That year, Devlin met with Michael Wright, then the senior VP of programming at TNT, who offered Devlin the opportunity to produce a TV movie on a cable budget, with the caveat that Devlin's company would own the rights. This led to the creation of "The Librarian" franchise, starring Noah Wyle, which became Electric's flagship series and sparked a new business model for the company.