Hollywood’s collapse continues as another production house is forced to close

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Shadowcast Pictures, a Los Angeles-based production equipment rental company that supplied cameras, lighting and other filmmaking gear to movies, television shows and commercials for nearly two decades, has ceased operations after struggling through years of industry turmoil.   Source: https://www.yahoo.com/news/us/articles/hollywood-collapse-continues-another-production-213515839.html

Spanish government invests massive €40m in two international production companies, Ítaca Films Madrid and Good Films Studios Spain

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The investment forms part of an initial €45m public-private financing operation involving Grupo Ítaca and international investment vehicle Omegas Capital, which is bringing international equity from several countries into Spain’s audiovisual sector.   Source: https://www.screendaily.com/news/spanish-government-invests-massive-40m-in-two-international-production-companies/5217845.article

Box Office Insiders: Meet the Team That Paid $70 Million to Control Hollywood’s Favorite Data Set

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A private equity-backed deal led by Bay Area exec Anant Gupta and advised by ex-Paramount distribution chief Chris Aronson aims to revive Rentrak as the single, trusted handler of all theatrical grosses.   Source: https://www.hollywoodreporter.com/business/business-news/box-office-rentrak-hollywood-owner-1236627137/