Why movie studios are still seen as good investments despite falling box offices
Given all these challenges, who would want to buy a movie studio now?
Many people, it turns out.
It is far from the only deal news in the film business.
Timothee Chalamet in a still from Dune: Part Two. Photo: Warner Bros. Pictures
In June, independent film finance and production firm Alcon Media Group – known for
Blade Runner 2049 and The Blind Side – bought the film library of
Joker and
Ocean's Eleven producer and financier Village Roadshow Entertainment for US$417.5 million after an auction process that was part of the latter's bankruptcy proceedings.
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Why movie studios are still seen as good investments despite falling box offices
Box office takings are down. It is harder than ever to get people out of their homes and into the cinema. The business model for movies in streaming is still a work in progress. Given all these challenges, who would want to buy a movie studio now? Many people, it turns out. It is far from the only deal news in the film business. Timothee Chalamet in a still from Dune: Part Two. Photo: Warner Bros. Pictures In June, independent film finance and production firm Alcon Media Group – known for Blade Runner 2049 and The Blind Side – bought the film library of Joker and Ocean's Eleven producer and financier Village Roadshow Entertainment for US$417.5 million after an auction process that was part of the latter's bankruptcy proceedings.
