All articles tagged with #film finance
William Santor, a film financier in the Cayman Islands, orchestrated a massive fraud involving over $31.7 million, leading to the collapse of his company and his death by suicide, impacting many investors and highlighting risks in indie film financing.
Film financier TSG has filed a lawsuit against Disney, accusing the media giant of using "Hollywood accounting" tactics to withhold hundreds of millions in profit. TSG, which has invested $3.3 billion in backing 140 projects at Fox, claims that Disney made moves to benefit its streaming platforms at the expense of finance partners. The lawsuit highlights a major shift in the release window for 20th Century Studios films, which resulted in lost proceeds for TSG. The complaint also alleges that the lack of cash flow impaired TSG's ability to invest in successful films like Avatar: The Way of Water.