There’s No Business Like Show Business – Part 4

Red Carpet Ceremony of the 64th Cannes Film Festival

In 2007, the Cannes Film festival had a record number of bankers attending the famous festival. Everybody was schmoozing everybody. I have to admit, my business partner and I were caught up in the movie mania, too.

But while most hedge fund managers and investment bankers were talking to the Harvey Weinsteins, Ryan Kavanaughs, Steven Spielbergs, and Angelina Jolies of the Hollywood scene, we were talking to a less glamorous crowd: independent film distributors, boutique financing firms, accountants for Hollywood and indie films, theater owners, and data freaks with a passion for numbers.

Continue Reading

There’s No Business Like Show Business – Part 1

Hollywood

In 2006, my hedge fund advisory firm SAGA Capital was approached by a Hollywood actor-turned-independent-producer who had worked with John Travolta in one of his more notorious films.

He had also produced a moderately successful film that was acquired by Showtime. Let’s call him ‘Steve’. Steve was looking to finance a slate of 10 films, in which he had some actors committed, as well as some ‘pre-sales’ financing in place, decent screenplays (yes, I actually read them) by good writers for most of his films.

Continue Reading