Over the past two decades, investors from outside the motion
picture industry have increasingly supplied equity to U.S. film
productions. Today, these so-called co-financing arrangements are a
common phenomenon in Hollywood. While the large studios usually
carry out the operative tasks of movie production and distribution,
the financiers as co-owners of the completed films have rights to
the residual profits. 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 multiple
aspects of moral hazard during production as well as distribution.
Based on these findings, the author develops solutions that are not
only relevant for current and future investors but also for studios
and film producers who rely on the long-term availability of
external funds.
General
Imprint: |
Springer Gabler
|
Country of origin: |
Germany |
Series: |
Markt- und Unternehmensentwicklung Markets and Organisations |
Release date: |
October 2012 |
First published: |
2013 |
Authors: |
Kay H Hofmann
|
Dimensions: |
210 x 148 x 9mm (L x W x T) |
Format: |
Paperback
|
Pages: |
159 |
Edition: |
2013 ed. |
ISBN-13: |
978-3-658-00786-7 |
Categories: |
Books >
Business & Economics >
Business & management >
General
|
LSN: |
3-658-00786-9 |
Barcode: |
9783658007867 |
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