(Sept 9): Jason Cloth manages risk in his film-financing business just like he did as an investment banker, scrutinising deals with one big question in mind: “How do I not get screwed?”
That means staying focused on business and not getting bedazzled by the glitz and glamour of Hollywood.
“People play on the vanity of it,” Cloth, 53, said in an interview at Bloomberg’s Toronto office. “But if you strip away the vanity, bright lights and you run it as an asset-backed lending play, then you just dig into the value and understand it.”
Fans of Korean boy band BTS will be thrilled to watch this documentary, which follows its seven members in their Love Yourself World Tour. BTS (also known as the Bangtan Boys) is one of South Korea’s best-selling artistes and has sold a record 14 million albums worldwide. The film captures the behind-the-scenes look at their tour, such as their gruelling concert schedule and conversations with each other. Movie opens on Aug 7 (main image).
(May 10): No one takes a vacation in a radioactive wasteland. But Satomi, a cranky former geisha, persuades a German volunteer to sneak her back to her ruined home in the radioactive Exclusion Zone of Fukushima. There, away from the rest of the world, the unlikely pair trades - often humorous - jibes at each other’s culture, and drags up ghosts of their past.
The Sound of Music
It all began as a Broadway musical in 1959 and then an award-winning film in 1965 starring Julie Andrews can still bring in the crowd. This Rodgers and Hammerstein collaboration is now in Singapore and you are encouraged to be like the von Trapps and make it a family affair.
LOS ANGELES/CHICAGO (Sept 5): The credits have rolled on Hollywood’s worst summer in a decade, closing out with a dismal Labor Day weekend that was the first in a generation without a big, new movie opening in wide release.
TOKYO (Jan 31): Sony Corp. said it will take a 112 billion yen ($1.4 billion) writedown in its movie business after reviewing the future profitability of its operations.
The company said it would book the charge in the fiscal third quarter and is examining how that will affect its forecasts. To offset part of the loss, the company also said it would sell shares in the medical web service M3 Inc. to Goldman Sachs Group Inc.’s Japan unit, in a deal worth about 37 billion yen.
SINGAPORE (Nov 11): RHB is keeping its “buy” call on Spackman Entertainment Group” at a target price of 22 cents, with the view that the stock’s outlook is currently at its best since its initial public offering (IPO) in 2014.
This comes after the entertainment production company on Thursday posted 3Q16 earnings of US$1.5 million ($2.1 million) compared to its loss of US$1 million a year ago.
