Markt- und Unternehmensentwicklung Markets and Organisations

Co-Financing Hollywood Film Productions with Outside Investors

An Economic Analysis of Principal Agent Relationships in the U.S. Motion Picture Industry

Authors: Hofmann, Kay H.

  • ​Publication in the field of economic sciences

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eBook $69.99
price for USA (gross)
  • ISBN 978-3-658-00787-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-658-00786-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

About the authors

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.

Table of contents (9 chapters)

  • Introduction

    Hofmann, Kay H.

    Pages 1-9

  • The Hollywood Mega Industry

    Hofmann, Kay H.

    Pages 10-40

  • Contemporary Co-Financing Practices in the Motion Picture Industry

    Hofmann, Kay H.

    Pages 41-54

  • Principal Agent Relationships in Co-Financing Deals

    Hofmann, Kay H.

    Pages 55-64

  • Description of the Data and Variables

    Hofmann, Kay H.

    Pages 65-83

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-3-658-00787-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-658-00786-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

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
Series Title
Markt- und Unternehmensentwicklung Markets and Organisations
Copyright
2013
Publisher
Gabler Verlag
Copyright Holder
Springer Fachmedien Wiesbaden
eBook ISBN
978-3-658-00787-4
DOI
10.1007/978-3-658-00787-4
Softcover ISBN
978-3-658-00786-7
Edition Number
1
Number of Pages
XVIII, 159
Number of Illustrations and Tables
10 b/w illustrations
Topics