Why Hollywood Is Private Equity’s New Money Machine
BY ALEX WEPRIN | HollywoodReporter.ComTroy Warren for CNT #Entertainment #BusinessThe Wall Street logic with the studio buys is that the real estate will appreciate in value, while the non-stop demand in film and TV productions provide steady and stable cashflow.Private equity is doubling down on Hollywood.After dipping their toes in the water through the talent agencies (TPG owns a majority stake in CAA, while Silver Lake is the largest external shareholder in Endeavor), investment firms have been on a spending spree, snapping up stakes in production entities, or financing new vehicles like Kevin Mayer and Tom Staggs’ Candle Media to…