Overview
- Publication in the field of economic sciences
- Includes supplementary material: sn.pub/extras
Part of the book series: Markt- und Unternehmensentwicklung Markets and Organisations (MAU)
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Table of contents (9 chapters)
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Front Matter
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Back Matter
About this book
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.
Authors and Affiliations
About the author
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.
Bibliographic Information
Book Title: Co-Financing Hollywood Film Productions with Outside Investors
Book Subtitle: An Economic Analysis of Principal Agent Relationships in the U.S. Motion Picture Industry
Authors: Kay H. Hofmann
Series Title: Markt- und Unternehmensentwicklung Markets and Organisations
DOI: https://doi.org/10.1007/978-3-658-00787-4
Publisher: Springer Gabler Wiesbaden
eBook Packages: Business and Economics, Business and Management (R0)
Copyright Information: Springer Fachmedien Wiesbaden 2013
Softcover ISBN: 978-3-658-00786-7Published: 27 October 2012
eBook ISBN: 978-3-658-00787-4Published: 28 October 2012
Series ISSN: 2945-879X
Series E-ISSN: 2945-8803
Edition Number: 1
Number of Pages: XVIII, 159
Number of Illustrations: 10 b/w illustrations
Topics: Business and Management, general