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 Christian Opitz
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
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
Bibliography
Includes bibliographical references
Notes
Online resource; title from digital title page (viewed on Nov. 30, 2012)
