18. Investing in Independent Films
Investing in independent films is a gamble, and in the instances Tarpey has encountered, most people lose. In one case, there was a $10 million production out of Philadelphia, and everyone lost their money.
“It was a bunch of rich friends, then not-so-rich friends,” he said. “People who invest in independent films often believe in the movie and the production, but those people aren’t thinking about real channels for profitability.”
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