Kay H. Hofmann 
Co-Financing Hollywood Film Productions with Outside Investors 
An Economic Analysis of Principal Agent Relationships in the U.S. Motion Picture Industry

Підтримка

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.

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Зміст

The Business of Motion Picture Production and Distribution.- Co-Financing Film Projects with External Investors.- Principal Agent Problems in Co-Financing Relationships.- Empirical Investigation of Adverse Selection and Moral Hazard.- Managerial Implications and Developments in the Co-Financing Market.

Про автора

Dr. Kay H. Hofmann, MBA wrote his dissertation under the supervision of Prof. Dr. Christian Opitz at Zeppelin Universität, Friedrichshafen. He works in a corporate strategy and business development function for a multinational company.
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Мова Англійська ● Формат PDF ● Сторінки 159 ● ISBN 9783658007874 ● Розмір файлу 1.6 MB ● Видавець Springer Fachmedien Wiesbaden GmbH ● Місто Wiesbaden ● Країна DE ● Опубліковано 2012 ● Завантажувані 24 місяців ● Валюта EUR ● Посвідчення особи 2666154 ● Захист від копіювання Соціальний DRM

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