Thursday, July 26, 2007

CORRECTED: New investor wave buys into films after early kinks

(Reuters) - LOS ANGELES - A new wave of investors is scooping up stakes in films from private equity and hedge funds that have poured $10 billion into Hollywood but are losing patience with long wait for profits, industry watchers say.




Hedge funds and private equity firms bought up pieces of many Hollywood films, both big budget and art house-sized, in recent years, and money keeps pouring in from all over the world -- fattening film budgets and adding more titles to theater marquees.


Read more at Reuters.com Business News

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