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Domestic Movie Revenues Aren't Keeping Up With Release Costs: Kagan
The mostly dreary new analysis from SNL Kagan reflects the continuing decline last year in domestic home video sales and rentals — and helps to explain why studios are so determined to expand overseas. The research firm says that the average film only recouped 46% of the release costs (negative costs plus domestic…
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16 Comments Comment on Domestic Movie Revenues Aren't Keeping Up With Release Costs: Kagan
Michael Garin Is New Imagenation CEO
EXCLUSIVE: Imagenation has experienced quite an executive shake-up in recent weeks. CEO Ed Borgerding left the Abu Dhabi-based film fund last week while COO Stefan Brunner exited shortly before that. The new CEO Michael Garin has spent the last 3½ years on the Executive Committee of Imagenation's parent company Abu…
Weinstein Company Starts Funding Arm; Will Name Finance Vet David Hutkin To Run
BREAKING: The Weinstein Company is close to signing film finance veteran David Hutkin to join the company and oversee a new division called Strategic Initiatives, Investments & Banking Group. I’m told that Hutkin is in talks to come aboard as executive vice president, and will bring with him longtime colleague Vivian…
Aussie Fund Closes $17M Tax Break Facility
Australian pension fund Super Media has arranged a A$20 million facility for Fulcrum Media Finance, the Australian film and TV financier. The attraction from Super Media's point of view is that the money will just be used to cash-flow the Australian tax rebate. In the movie business, that's about as risk-free film…
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