Co-Financing Hollywood Film Productions with Outside Investors

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

  • Kay H. Hofmann

Table of contents

  1. Front Matter
    Pages 1-1
  2. Kay H. Hofmann
    Pages 1-9
  3. Kay H. Hofmann
    Pages 10-40
  4. Kay H. Hofmann
    Pages 65-83
  5. Kay H. Hofmann
    Pages 127-133
  6. Back Matter
    Pages 11-11

About this book


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.

Authors and affiliations

  • Kay H. Hofmann
    • 1
  1. 1.StuttgartGermany

Bibliographic information

  • DOI
  • Copyright Information Springer Fachmedien Wiesbaden 2013
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Business and Economics
  • Print ISBN 978-3-658-00786-7
  • Online ISBN 978-3-658-00787-4
  • Buy this book on publisher's site
Industry Sectors
Chemical Manufacturing
Finance, Business & Banking
IT & Software
Consumer Packaged Goods