Financial pressures might be driving the Kings out of Sacramento, but the Maloof family showed Thursday it isn't broke.
The family's entertainment company became one of the investors in a $20 million fund to finance marketing and distribution of 3-D animated movies. One of the partners in the deal is John Williams, a producer of the "Shrek" movie series.
The size of the Maloofs' investment, through a company called Maloof Entertainment, wasn't disclosed.
In a press release, Williams said the "participation of Maloof Entertainment is a fantastic way to improve the timing and economics of our domestic and foreign distribution deals for our animated films."
Separately, the Maloofs unveiled plans for a skatepark in South Africa.
The facility is being planned as part of the Maloof Money Cup skateboarding championship, which is coming to South Africa this fall.
"Skateboarding is the fastest growing sport in the world and the demand for skateparks is enormous," Kings co-owner Joe Maloof said in a press release.
The cost of the park wasn't disclosed.
The family, fed up with Sacramento's inability to build a new arena, is considering moving the Kings to Anaheim. Sacramento Mayor Kevin Johnson has all but conceded the team is leaving. Anaheim city officials this week approved a $75 million incentive plan financed by revenue from the Honda Center arena.
Some Sacramento officials believe that family financial problems are influencing the Anaheim negotiations.
The Maloofs' Palms Casino in Las Vegas has sunk in value, and Bloomberg business news has reported that the family could lose the casino to creditors.
The Maloofs have denied that story and said the Palms' finances don't affect the Kings.
The family has other Hollywood-related interests, including a television production company.