(Bloomberg) -- The Cannes Film Festival, which ends with an
awards ceremony on May 27, is drawing investment by hedge funds
and private-equity companies in motion-picture financing,
production and distribution.
Film production companies said the money is transforming the
way some movies are being made and sold, with hedge-fund managers
becoming piggy banks for the industry. Since 2005, funds and
private-equity investors have committed at least $4.5 billion to
films, betting that the box-office returns can beat other
investments.
Read more at Bloomberg Exclusive News
awards ceremony on May 27, is drawing investment by hedge funds
and private-equity companies in motion-picture financing,
production and distribution.
Film production companies said the money is transforming the
way some movies are being made and sold, with hedge-fund managers
becoming piggy banks for the industry. Since 2005, funds and
private-equity investors have committed at least $4.5 billion to
films, betting that the box-office returns can beat other
investments.
Read more at Bloomberg Exclusive News
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