• Hedge Funds, Hollywood, TV

    HBO HF TV: Matt Damon Is A Red Herring

    Brian Koppelman and David Levien, the duo that brought us “Ocean’s 13” and “Rounders” have signed on to write “Alpha Cats,” HBO’s new show about hedge funds. So “AC” will either be a good series with frequent guest appearances by Matt Damon or a really boring one that looks and sounds exactly like its predecessors […]

    / Jun 26, 2007 at 9:28 AM
  • Hollywood, Media, movies

    Evan Almighty Still Has 36 More Days to Flood the Mainstream

    Hollywood has had a decent summer so far, amidst sequel saturation. Fortunately for the movie biz, the sequel influx has been void of any huge flops, although offerings have underperformed slightly. Although the industry is still in denial about the margin squeeze created by the astronomical budgets of this round of sequels, without any major […]

    / Jun 25, 2007 at 11:10 AM
  • Hollywood

    The Private Equity Grindhouse

    The Weinsteins are starting a $285mm film fund with an Asian fetish. Along with $15mm of Weinstein blood money (every time Uma Thurman kills a Japanese teenager we get $50 bucks!), Goldman is set to raise $245mm in debt and $25mm in equity for the fund. The goal of the fund is to back 31 […]

    / Apr 26, 2007 at 11:48 AM
  • Hollywood

    Merrill at Hollywood Summit

    Merrill Lynch has teamed with former VC of Paramount Robert Friedman and Summit Entertainment to form Summit Entertainment LLC. The $1bn entity hopes to finance and distribute 12 feature films per year, making it the first major distribution focused PE entity in Hollywood. Merrill has been trying to fund anything that walks in Hollywood these […]

    / Apr 20, 2007 at 10:30 AM
  • Hedge Funds, Hollywood, Wall Street

    IMAX: Tonight They Dine In Hell?

    The proposition that Wall Street and hedge fund financial know-how can save the faltering movie business is at the very least being challenged by the faltering fortunes of IMAX, which is controlled by its two largest shareholders, co-chief executives Rich Gelfond and Brad Wechsler. The two are former Drexel Burnham Lambert investment bankers who purchased […]

    / Apr 9, 2007 at 10:01 AM
  • Citi, Hollywood, Maria Bartiromo

    Do Hedge Funds Know How To Start a Trend or Do Hedge Funds Know How To Start A Trend?

    Following in Hollywood hedge fund operator Benjamin Waisbren and Co.’s (possibly failed) footsteps, Citigroup will be funding at least 45 movies over the next five years, in conjunction with the privately held Relativity Media. Ryan Kavanaugh, an executive at Relativity Media, brokered the deal, and previously worked with Deutsche Bank to finance 18 movies to […]

    / Jan 31, 2007 at 8:07 AM
  • Hollywood

    Dresdner Closes $300 Fund For Paramount Pictures

    It’s another injection of high finance cash into Hollywood. Dresdner Kleinwort closed a $300 million fund to finance 30 films to be produced by Paramount and its children. The fund is being called Melrose 2, and the large number of films slated to be made is in part an attempt to diversify the investment—the idea […]

    / Oct 3, 2006 at 9:28 AM

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