The credit crunch has hit home in Hollywood after Paramount Pictures, which has released a string of hit movies this year, was forced to suspend plans for a $450m film financing.
The studio has been working with Deutsche Bank on financing that would have provided funds for up to 30 films, including possible blockbusters such as the sequel to Transformers and a new version of Star Trek.
Tuesday, July 15, 2008
Considering the crap coming out of Hollywood, I'll put this in the Good News category:
Posted by Boomer at 4:40 PM