Three Lions Entertainment, LLC announced a private placement of 635,294 membership units at $5.25 per unit for gross proceeds of $3,335,294 on March 18, 2013. New investor Simon Worldwide, Inc. subscribed for 600,000 units and acquired 60% stake in the company. Richard Beckman and Joel Katz subscribed for 35,294 units and acquired 40% stake in the company.

On the same day, the company received $3,335,294 in its first tranche.