J.P. Morgan Invests $200 Million In The Movies

Wall Street Journal   |  ROBIN SIDEL   |   December 3, 2007 10:10 AM

Read More: J.P. Morgan Chase, J.P. Morgan Investments, J.P. Morgan Movies, JP Morgan, Breaking Business News
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J.P. Morgan Chase & Co. is putting its money to work.

After years of watching rival Wall Street firms plow their own cash into principal investments, the nation's third-largest bank by assets is starting to spend some of its $1.4 trillion balance sheet on itself.

Today, J.P. Morgan is expected to announce plans to invest $200 million of its own money in the entertainment industry. The move is aimed at capitalizing on the bank's powerful franchise in Hollywood, where it and its predecessor companies have been financing films since the era of silent movies.

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- Ginzaman See Profile I'm a Fan of Ginzaman permalink

I guess they never got the memo about the WGA strike?

    Favorite    Flag as abusive Posted 06:14 PM on 12/03/2007
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