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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