As Studios Cut Back, Investors See Opening
(New York Times) — With studios financing fewer movies, a wave of equity investors stepped up their presence in a Hollywood that suddenly made sense to hard-headed business types who were more accustomed to bottom-fishing in the real estate market or drilling for oil. Snagging an added bonus from states like Louisiana and Michigan, which offer generous subsidies for local film production, the new players — who mind the old saw “cash is king” — are typically risking just a few million dollars to get a substantial ownership position in films that are cheap enough to yield a profit even in an era of diminished home-video revenues.
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