Entertainment & Sports
May 25, 2006
A Less-Risky Business: Investors Find New Way to Finance Films
LOS ANGELES - Dumb money is getting smart. Wall Street investors sometimes called rich people who finance Hollywood movies "dumb money" because they were seen as gamblers: It's hard to predict which flicks will flop or flourish.
Daily Journal Staff Writer
LOS ANGELES - Dumb money is getting smart.
Wall Street investors sometimes called rich people who finance Hollywood movies "dumb money" because they were seen as gamblers: It's hard to predict which flicks will flop or flourish.
But now some of the savviest investors - hedge funds, i...
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