All told, Barclays, HSBC and Bank of Ireland could face a tax bill up to £11 billion for their role in EIS tax avoidance schemes.
There is a renewed effort by production service providers to expand their operations into financing and distributing independent films.
Walt Disney Co’s deal to buy film, television and international businesses from Murdoch’s Twenty-First Century Fox is valued around $40 per share, or $75B.
No longer will taxpayers and producers be able to use EIS structures that solely finance production tax credits, presales, and other guaranteed funds.
Netflix is shifting to a less-predictable and far less-profitable business model as they embark on becoming a content creator rather than aggregator.
China’s Recon Group fails to close its acquisition of Avi Lerner’s Millennium Films. All Hollywood-China deals are in peril, as many have failed to close this year.
Wanda Group dismissed “vicious rumours” that its chairman Wang Jianlin and China’s richest person, was detained by authorities and forbidden to leave China.
Sony Pictures’ co-financing partner, LStar Capital, informed the studio at the last minute that they would no longer invest in Sony’s slate.
A mysterious document that appeared on social media in China places all of Wanda’s Hollywood acquisitions in jeopardy.
If reports from China are to be believed (clearly they cannot), a company with $19 million in revenue was going to finance $1 billion of Paramount’s slate.