TITLE

SEA CHANGE AT VIRTUAL

AUTHOR(S)
McClintock, Pamela; Goldsmith, Jill
PUB. DATE
May 2006
SOURCE
Daily Variety;5/16/2006, Vol. 291 Issue 32, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the departure of executive producer Benjamin Waisbren from private equity fund Virtual Studios following the poor performance of the film "Poseidon" in the U.S. box office. The film was a 50-50 production of Virtual Studios and Warner Bros. Pictures. There are speculations relating Waisbren's move to the movie's rating, however, sources say that the reason is that Stark Investment, the hedge fund behind Virtual, and Waisbren do not agree on several investment decisions.
ACCESSION #
20868425

 

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