(Reuters) - Hedge funds and private equity firms bought up pieces of many Hollywood films, both big budget and art house-sized, in recent years, and money keeps pouring in from all over the world -- fattening film budgets and adding more titles to theater marquees.
Byzantine movie accounting rules provide that lenders, distributors, theaters and profit participants such as actors and directors, take the first cut of profits, so that a film that clears $100 million at the box office may not immediately return money to its private equity and hedge fund backers.
Read more at Reuters.com Mergers News
Byzantine movie accounting rules provide that lenders, distributors, theaters and profit participants such as actors and directors, take the first cut of profits, so that a film that clears $100 million at the box office may not immediately return money to its private equity and hedge fund backers.
Read more at Reuters.com Mergers News
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