Word: presold
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...that the real estate sector is nowhere near as reliant on debt financing as it is in the U.S. and much of the rest of the developed world. Consider the complex in which Yang, the cabbie, bought one of his three Shanghai apartments. The developer, Shanghai Forte Land, presold all the units before spending a cent on construction. In China's residential market, financing development with customers' cash, not loans, is standard operating procedure...
...foreign distributors, using not much more than a script and a cast list. That meant certain funding for the filmmaker no matter how good or bad the film turned out to be. The filmmaker could then go to a private investor who, knowing that the movie was already presold to foreign territories, would view it as less risky and invest. With money from both foreign rights and private investors, the filmmaker could then secure a bank loan for the remaining funds. (See the top 10 Cannes film-festival moments...
...lasted only 24 performances. Some advocate looking for a beloved story, but The Three Musketeers managed only nine performances. Some call for a celebration of show biz itself, but Harrigan 'n Hart, a tribute to two founding fathers of the modern musical, barely lasted a week. Some call for presold songs, performed in low-key review style, but Leader of the Pack is struggling. And some contend the musical should reach for the opposite extreme, dealing with urgent social issues while rivaling Las Vegas in luxury, but the ambitious Grind has suffered a loss in advance sales since opening...
...windows--and even an electronic noise-dampening system. Not to be outdriven, Lexus plans to roll out a hybrid SUV in April, the RX 400h, generating 270 h.p. and up to 27.6 m.p.g. in city-highway driving. It's off to a fast start, with 11,000 vehicles already presold...
...plays. "You've got a lot less risk with a one-person show and pretty much the same opportunity to make money," says Jay Larkin, an executive producer at Showtime, responsible for Cantone's show, Laugh Whore. And since many of the shows are built around stars with a presold audience, they're easier to promote. "We've got to be realistic," says Hal Luftig, the lead producer of Whoopi. "We're asking people to pay a lot of money. There's comfort in knowing what they're getting...