TITLE

FUNDS CRUNCHED

AUTHOR(S)
McClintock, Pamela
PUB. DATE
July 2006
SOURCE
Daily Variety;7/12/2006, Vol. 292 Issue 6, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on private equity funds involved in the motion picture industry. The box office performance of movies like "Superman Returns," by Legendary Pictures, "RV" and "Nanny McPhee" has proven profitable for the hedge-funds involved with them. But Virtual Studios is not as lucky since its co-financed movie, "Poseidon," is expected to incur a $30 million loss. There are high hopes for big movies like "Lady in the Water" in order to eradicate the uncertainty in the minds of private funds.
ACCESSION #
21571278

 

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