Akin Gump Strauss Hauer & Feld LLP

09/28/2020 | Press release | Distributed by Public on 09/28/2020 16:39

LA Times Quotes Christopher Spicer on Film, TV Financing During COVID-19

For its article 'For some Hollywood investors, the pandemic opened new doors,' Los Angeles Times quoted Akin Gump entertainment practice head Christopher Spicer on film and TV financing during the COVID-19 pandemic.

Discussing the appeal to investors of higher interest paid for financing films or TV shows, Spicer said that investors can charge three or four times what a bank would normally earn for financing productions, adding, 'A financier can get a significant premium if you are willing to take on the COVID risk during funding because it is cost prohibitive to get insurance now to cover that.'

Spicer and practice partner Alissa Miller discussed the pandemic's impact on the entertainment industry in a recent OnAir with Akin Gump podcast episode. Listen to it here.