Thursday, March 10, 2011

Hollywood Feels Ripples From Libya (New York Times)

...Mathew Beckerman, the producer who made a splash in Variety last year with word that he had rounded up $100 million in financing for the company from Mr. Qaddafi and others, is suddenly getting a very cold shoulder. ...

Speaking through an intermediary on Monday, Mr. Beckerman declined to discuss his company, or a Qaddafi investment that had been treated as routine here until the uprising against the Qaddafi regime in Libya turned bloody.

In recent days, the pop stars Nelly Furtado, Mariah Carey, BeyoncĂ© and Usher all said they were giving away money they had received for entertaining at Qaddafi events. Hollywood, meanwhile, has pretty much joined Mr. Beckerman in doing what it does best when trouble crops up — hiding out.
As the article states, "So it goes when Hollywood begins to suspect it has made a mistake."

Read the full article here.

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