Argentina Currency Crisis Stops Hollywood from Exporting Profits
Hollywood studios have been unable to take tens of millions of dollars out of Argentina for roughly two years, a victim of the country’s ongoing financial crisis,
Variety has learned.
It’s an issue that plagues all U.S. companies, but is particularly problematic to the entertainment business as it has struck one of the biggest markets for film in Latin America.
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With the success of donation based funding through companies like
KickStarter and Indiegogo,
Check out this great article on Indiewire that showcases the funding campaigns for 2014 Sundance selections:
I’m very excited to see the expansion of funding implemented through the JOBS Act to include equity crowd sourcing and the companies that are creating matching funds. Check out this article on Deadline:
This type of funding opens up film financing to a broader audience and more investors will increase the success rate of getting independent projects off the ground!