Funds not drying up for Hollywood filmmakers
Friday, August 28, 2009 : PermalinkIBNS – Hollywood Reporter said that Witness James Janowitz of Pryor Cashman is buttoning up a $250 million structured finance arrangement — including money from hedge funds — that will help pay for the production of a dozen films.
“The market isn’t as strong as it once was, but there is activity, and the structures make sense as long as they don’t unduly favor the studio or producer,” Janowitz says.
In short, a film-finance bubble that pumped billions into Hollywood during the first few years of the new millennium has popped, but the show is going on with new — and a few old — players.
