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...Chapter 11 filing by Lehman Brothers and the bailout of Merrill Lynch by Bank of America have only added to a yearlong credit crunch that is changing the way film financing deals are structured in Hollywood. Not unlike homebuyers facing tougher standards to get a mortgage, the people who greenlight movies are facing more stringent demands from their financiers. "All of the studios, if they want to get a deal done in this environment, will need to better align their interests with investors," says P. John Burke, a film finance lawyer at the firm Akin, Gump, Strauss, Hauer and Feld...

Author: /time Magazine | Title: Financial Crisis Puts Squeeze on Hollywood | 9/18/2008 | See Source »

...Einhorn's. "The authorities are good at cleaning up fraud after the money's gone," he writes in his new book, Fooling Some of the People All of the Time. But they "really don't know what to do about fraud when they discover it in progress." Einhorn's Greenlight Capital manages $6 billion, most of it invested in stocks that Einhorn actually likes. But Greenlight also makes money short-selling the stocks he doesn't like. Six years ago, Einhorn stood up at a charity event and recommended shorting Allied Capital, a finance company that he was convinced...

Author: /time Magazine | Title: The Crusading Hedge-Fund Manager | 6/19/2008 | See Source »

...awful lot of better actors, better looking in acting class, than me in the classes I studied in. Without ER, I got none of this. I don't get to do movies like this. It's not predestined that you're going to be famous enough that you can greenlight pictures and then decide what pictures you want to make. Once I got in there and figured it out, and it took me a while to figure out, being famous, and I did some relatively dumb movies early on, but once I got to the realizaton that I was going...

Author: /time Magazine | Title: Q&A: George Clooney | 1/11/2008 | See Source »

...work. By the time he was 14, he had acquired a cadre of kid fans and an Emmy as a lead on the Disney Channel show Even Stevens. At 16, LaBeouf moved into his own place in Burbank. Adult audiences first saw him on the reality show Project Greenlight. Accustomed to hanging out with creative, chaotic grownups, LaBeouf came off as a charmer, a good sport and one of the smarter people on set. The film Holes, which came out the same year, introduced LaBeouf to two of his stand-in father figures, co-star Jon Voight (who's also...

Author: /time Magazine | Title: The Kid Gets the Picture | 7/5/2007 | See Source »

...greenlights a project when the studio co-chairman is the executive producer and director? Toby Emmerich, even though he wrote two drafts of the screenplay, put on his head of production hat and vetted the idea and then Michael Lynne, who is the co-chairman, independently made the decision to officially greenlight it. I impressed upon Michael the importance of being fair and even-handed because I didn't want anybody to be accused of nepotism...

Author: /time Magazine | Title: Robert Shaye Q&A | 3/21/2007 | See Source »

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