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The Business

Hedge Funds Come to Hollywood

The Business

KCRW

Tv & Film

4.6676 Ratings

🗓️ 12 March 2007

⏱️ 29 minutes

🧾️ Download transcript

Summary

A wave of Wall Street money washes into Hollywood, but will the investors be taken to the cleaners?  Then, one man from the street puts up his personal money for a slice of an indie film. And, the writer speaks again!

Transcript

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0:00.0

From KCRW in Santa Monica, I'm Claudezor Ackner, and this is The Business.

0:04.3

So you still want to do the show business, and you think that you got what it takes?

0:09.3

I mean, you really got a rap and be all at.

0:11.7

But prepare yourself for the breaks, check it out.

0:14.1

This week on the business, will Hollywood's new Wall Street chums become food for showbiz sharks?

0:19.3

Then, a Wall Street banker puts his mouth where his money is

0:22.3

and tells us about investing his own cash in a new indie film.

0:26.3

And finally, the writer speaks again.

0:29.1

But first, it's the Hollywood News Caravan.

0:31.5

Shut off your Blackberry.

0:32.7

It's the business from NPR.

0:46.1

Thank you. from NPR. It was strange days on Capitol Hill last week as Sirius Satellite Radio CEO Mel

0:51.0

Karmazen once again tap danced in front of the House Energy and Commerce

0:54.6

Subcommittee.

0:55.6

Quote, if consumer choice and lower prices equals the public interest, Carmison said

1:00.0

of Sirius' planned merger with XM Radio, then we believe we've achieved that.

1:04.6

In the same breath, Carmesan then rejected a proposed Al-a-Cart pricing structure.

1:09.2

He also admitted that if you want both XM and Sirius, it'll cost you $25.90, a savings of,

1:15.8

wait a minute, that's not a savings.

1:18.6

Meanwhile, back on Earth, terrestrial radio listeners, sick of endlessly hearing the same

1:23.1

shop-worn pop tunes, may soon encounter surprising new bands on the dial.

1:29.1

Four enormous broadcast conglomerates, entercom, clear channel, Citadel, and CBS Radio have agreed to pay hefty penalties

...

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