Kay H. Hofmann

Co-Financing Hollywood Film Productions with Outside Investors (eBook, PDF)

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

• Format: PDF

Produktbeschreibung

Co-financing arrangements in which investors from outside the motion picture industry become co-owners of the completed films are a common phenomenon in Hollywood. 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 moral hazard. Based on his findings, the author develops solutions that are not only relevant for investors but also for film producers who rely on the long-term availability of external funds.

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Produktdetails

• Verlag: Springer Fachmedien Wiesbaden
• Seitenzahl: 159
• Erscheinungstermin: 28. Oktober 2012
• Englisch
• ISBN-13: 9783658007874
• Artikelnr.: 37802353

Autorenporträt

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.

Inhaltsangabe

The Business of Motion Picture Production and Distribution.- Co-Financing Film Projects with External Investors.- Principal Agent Problems in Co-Financing Relationships.- Empirical Investigation of Adverse Selection and Moral Hazard.- Managerial Implications and Developments in the Co-Financing Market.