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Financing the Audiovisual Industry

  • Mario La Torre
Open Access
Chapter

Abstract

This chapter describes the main financial techniques adopted by financial intermediaries to finance audiovisual productions — such as the slate financing structure and the ticked linked bond — and the use of innovative instruments — such as securitization of rights, crowdfunding and microcredit. These techniques follow the logic of contract discounting rather than gap financing. In this latter case, intermediaries usually prefer to act as lenders, rather than to act as equity investors. The reason is to be found precisely in the logic of risk management. In this perspective, the chapter outlines a taxonomy of financial risks associated with financing the industry and the role of guarantee funds in managing the credit risk exposure.

Keywords

Cash Flow Credit Risk Investment Fund Single Project Business Risk 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Mario La Torre 1999

Open Access This chapter is licensed under the terms of the Creative Commons Attribution 3.0 International License (http://creativecommons.org/licenses/by/3.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence and indicate if changes were made.

The images or other third party material in this chapter are included in the chapter’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the chapter’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder.

Authors and Affiliations

  • Mario La Torre
    • 1
  1. 1.University of RomeItaly

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