[Watch the video interview on YouTube here]
Film Courage: I don’t have the answer here, but can you guess how much money you’ve raised over the course of all the films you’ve made?
Peter M. Hoffman, Author/Film Financier/Former Carolco Pictures CEO: Oh, wow…billions.
It’s well over a billion, but I don’t know if it’s two billion, but between 1 and two billion, right?
Let’s say in that range.
Film Courage: Can you talk about the process of finding money for movies?
Peter: A lot of the biggest monies we raised were in tax preference deals, but also they were in the stock market and then in lines of credit.
So, they’re all different ways.
I mean, stock market is one thing, selling securities.
Another is bank lines which are based on the amount of credit, amount of collateral you have and then the tax preference money is based on having the people that understand the tax risks and feel they can…(Watch the video interview on YouTube here).
About:
A lawyer turned producer and studio executive, Hoffman built a career that bridged the creative and the corporate, the visionary and the pragmatic. As the founder and CEO of Carolco and Seven Arts Entertainment, he brought to life acclaimed and enduring films including The Believer, winner of the Sundance Grand Jury Prize, alongside Stander, Asylum, Johnny Mnemonic, Rules of Engagement, and Rate Race. Earlier, as President and CEO of Carolco Pictures, he helped guide an era of independent filmmaking that produced cultural touchstones such as Terminator 2: Judgment Day, Basic Instinct, and Total Recall.
In the decades since, Hoffman has continued to mentor and advise filmmakers and financiers through Picture Pro LLC and Luminosity Pictures, ventures that reflect his enduring belief that cinema is both an art form and an enterprise—a delicate balance that must be protected and reimagined with every generation.
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New book from Film Courage! – See it on Payhip here
New book from Film Courage! – See it on Payhip here
