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Wall Street Still Sending Some Cash Hollywood's Way
from the cruisin'-for-a-bruisin' dept
Just when it looked like Wall Street might be backing off from financing Hollywood films, Tom Cruise's film company, United Artists, has announced that it has raised $500 million from a group of investors put together by Merrill Lynch. Tom Cruise had had a longtime relationship with Paramount, although that was cut off, in part for personal reasons, but also because of doubts his ability to turn movies into hits. It's impressive that Merrill Lynch was able to pull together so much money, in times like these, for a proposition as shaky as investing in Hollywood blockbusters, but if things don't work out as planned, it could severely constrain future attempts at similar deals.
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500MM
500MM is pocket change for wall street firms.
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Hollywood
....And apparently Hollywood Studios
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Wall Street...
just wants to put its hands in someone else's cookie jar. A money grab.
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Oops
Check out the link...I wonder how much of that 500 mil is going to be used to pay off that little accident?
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OMG! You mean there's a connection between the Wall St. and Hollywood!?
I thought artists - and the companies that produce the garbage - were in it for the betterment of society! I didn't think they cared about, ugh, MATERIAL GAIN!
I. Am. Shocked.
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