Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
And yet, there are still deals being made. See yesterday's big news for the cinema business, that 14,000 screens are being funded by Chase and Blackstone to the tune of a billion dollars... Five studios ink digital cinema deals - Hollywood Reporter

This deal has been in the works for quite a while, and given the egos and polish of the titans involved, it is amazing that any of them are allowing any of their peers to make any money. But it had to be done since, when it is over, the studios will jointly save over a billion dollars in duplication and distribution costs every year~!.

I guess a billion dollars and 8-10 years payout is not so much compared to wind farms and 25 year payouts...but it shows that there isn't a complete standstill in the markets.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Oct 2nd, 2008 at 09:23:36 AM EST
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On the upper levels, Hollywood has been and mostly is still a small community who know each other.  It would not surprise me to find that those who extended this credit have known long and well the character of the borrowers and the nature of their business.  As it should be.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 2nd, 2008 at 10:18:20 AM EST
[ Parent ]


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