02874nam 2200589Ia 450 991043809440332120200520144314.01-283-90938-33-658-00787-710.1007/978-3-658-00787-4(CKB)2670000000279769(EBL)1083056(OCoLC)819816618(SSID)ssj0000799465(PQKBManifestationID)11429312(PQKBTitleCode)TC0000799465(PQKBWorkID)10763755(PQKB)11312815(DE-He213)978-3-658-00787-4(MiAaPQ)EBC1083056(PPN)168330814(EXLCZ)99267000000027976920121130d2013 uy 0engur|n|---|||||txtccrCo-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 Opitz1st ed. 2013.Wiesbaden Springer Gablerc20131 online resource (171 p.)Markets and organisationsDescription based upon print version of record.3-658-00786-9 Includes bibliographical references.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.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.Gabler research.Markets and organisations.Motion picture industryCaliforniaLos AngelesFinanceCapitalists and financiersMotion picture industryFinance.Capitalists and financiers.344Hofmann Kay H1063098MiAaPQMiAaPQMiAaPQBOOK9910438094403321Co-Financing Hollywood Film Productions with Outside Investors2530612UNINA