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Co-financing Hollywood film productions with outside investors : an economic analysis of principal agent relationships in the U.S. motion picture industry / Kay H. Hofmann ; foreword by Prof. Dr. Christian Opitz.
Van Pelt Library PN1993.5.U6 H566 2013
Available
- Format:
- Book
- Author/Creator:
- Hofmann, Kay H.
- Series:
- Gabler research. Markets and organisations
- Markt- und Unternehmensentwicklung = Markets and organisations
- Language:
- English
- Subjects (All):
- Motion picture industry--United States--Finance.
- Motion picture industry.
- Motion picture industry--Economic aspects--United States.
- Motion picture industry--United States--Foreign influences.
- Capitalists and financiers.
- Motion picture industry--Economic aspects.
- Motion picture industry--Finance.
- Motion picture industry--Foreign influences.
- United States.
- Physical Description:
- xviii, 159 pages ; 22 cm
- Place of Publication:
- Wiesbaden : Springer Gabler, [2013]
- Summary:
- Co-financing arrangements in which investors from outside the motion picture industry become co-owners of the completed films are a common phenomenon in Hollywood. Kay H. Hofmann analyzes the conflicts of interest and the organizational problems that may arise between the experienced major studios and investors with comparably low industry expertise. Guided by principal agent theory, the empirical analysis provides evidence for adverse selection and moral hazard. Based on his findings, the author develops solutions that are not only relevant for investors but also for film producers who rely on the long-term availability of external funds.
- Contents:
- Introduction
- The Hollywood Mega Industry
- Contemporary Co-Financing Practices in the Motion Picture Industry
- Principal Agent Relationships in Co-Financing Deals
- Description of the Data and Variables
- Agency Problems in Financer Deals: Results and Discussion
- Implications of the Appearance of Slate Investors
- Agency Problems in Slate Financing Arrangements: Results and Discussion
- Concluding remarks.
- Notes:
- Includes bibliographical references (pages 135-152).
- ISBN:
- 3658007869
- 9783658007867
- 9783658007874
- 3658007877
- OCLC:
- 810318143
- Online:
- Contributor biographical information
- Publisher description
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