“Despite a credit crunch that has wealthy investors hiding cash under their mattresses rather than risking it on films and Wall Street retreating from financing studio slates, Hollywood isn’t running out of money.
Witness James Janowitz of Pryor Cashman. The attorney is buttoning up a $250 million structured finance arrangement — including money from hedge funds — that will help pay for the production of a dozen films.
“The market isn’t as strong as it once was, but there is activity, and the structures make sense as long as they don’t unduly favor the studio or producer,” Janowitz says.
In short, a film-finance bubble that pumped billions into Hollywood during the first few years of the new millennium has popped, but the show is going on with new — and a few old — players.”
Read this article from The Hollywood Reporter.
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Peter,
Thanks once again for finding and posting an informative article full of rich filmmaking information.
Jason Brubaker
Filmmaking Stuff
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