Friday, May 24, 2013
Friday, May 24, 2013

Haddonfield firm raises $16M for Atlas Shrugged Part 2

Cybex ceo John Aglialoro hoped to raise up to $25M

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Haddonfield firm raises $16M for Atlas Shrugged Part 2

POSTED: Thursday, February 9, 2012, 10:36 AM

Atlas Shrugged Part 2 Productions, Haddonfield, has raised $16 million toward the next installment of a movie version of the Ayn Rand capitalist drama, according to a filing with the Securities and Exchange Commission. 

John Aglialoro, boss of exercise-equipment maker Cybex International, runs the production company, as my colleague John Timpane wrote around the time Part 1 was released on Tax Day last year. As he noted, Aglialoro's fellow libertarian Rand fans and movie financiers include Comcast-Spectacor boss Ed Snider, a prospective Inquirer owner.

The group had filed to raise as much as $25 million, according to the SEC. See the filing via Villanova-based FormDs.com here.

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Joseph N. DiStefano blogs about the latest news in the Philadelphia business community and elsewhere. Contact him at 215-854-5194. Reach Joseph N. at JoeD@phillynews.com.

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