November 19, 2006
Hollywood & Hedge Funds: Budding Romance
You know I thought the hedge fund-Hollywood dalliance was a passing trend, like all other Hollywood trends. But this thing seems more real and serious as days go by. 20th Century Fox is supposed to be announcing a hedge fund-backed film financing deal worth more than $520m very soon. And all this is thanks to the box office success of Borat and The Devil Wears Prada, films in the first Fox-Dune slate.
The agreement will see Dune Capital Management refinance a slate deal – or agreement to produce several films – it struck with Fox at the end of 2005. As per the new deal, Dune will invest in at least 15 new films. And one of the films that will come out of this new agreement will be Bruce Willis’ never-ending saga of Die Hards. (Personally, I did like the first one but then it just seemed to be well… as I said, never-ending).
--
Did you enjoy this post?
Comments
Post a comment
« Long Lockups Make Hedge Funds Unviable | Main | Window To The Future Of Hedge Funds »
Recent Comments