Technology's transformation of the film business
A dance floor in Indonesia is not the most likely place for a US seller and a German buyer to negotiate an acquisition deal. Yet with the transformation of the film business due to cellphones, PDAs (personal digital assistant) and other mobile devices, anywhere is valid as a place to do business. 'I did a $1.5m deal on a movie with a German buyer when I was in a nightclub in Bali at 2am,' recalls Nicolas Chartier, president of Los Angeles-based sales company Voltage Pictures. 'I took ...
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