{"id":8732,"date":"2008-09-30T00:00:00","date_gmt":"2008-09-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"wall-street-finance-banking-on-hollywood","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/wall-street-finance-banking-on-hollywood.html","title":{"rendered":"Wall Street Finance &#8220;Banking&#8221; On Hollywood?"},"content":{"rendered":"<p>CNBC &#8211; The Wall Street fallout is having aftershocks throughout the economy, but believe it or not, the entertainment industry is having no problem securing bank-financed credit. <\/p>\n<p class=\"textBodyBlack\">Sure, it&#8217;s not boom time, but the fact that media companies are able to attract financing is impressive, and a testament to the fact that movie going is generally counter-cyclical. <\/p>\n<p><a name=\"StoryImage\"><\/a>On Friday the government was frantically putting together a bailout plan for the financial markets, while production houses attracted more investment. Last week Steven Spielberg secured $700 million in credit through JP Morgan to back his new production company in partnership with India&#8217;s Reliance Big Entertainment, from which he&#8217;s getting $500 million in equity. <a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.cnbc.com\/id\/26852630\"><\/a><\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.cnbc.com\/id\/26852630\">Read Complete Article<\/a><\/strong><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.cnbc.com\/id\/26852630\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC &#8211; The Wall Street fallout is having aftershocks throughout the economy, but believe it or not, the entertainment industry is having no problem securing bank-financed credit. Sure, it&#8217;s not boom time, but the fact that media companies are able [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1362,673,2912,2802,147,1106,716,717,633,2485,503],"class_list":["post-8732","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-absolute-return","tag-carnage","tag-currency-speculators","tag-interest-rate-hikes","tag-journalism","tag-order-management","tag-pariah","tag-periods","tag-repercussions","tag-unions","tag-viability"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8732"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8732\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}