So much for a Hollywood ending. The economic recession has hit the most escapist of industries as deals for actors, musicians, directors and other talent in the entertainment sector have plummeted, according to attorneys who structure transactions. The downturn in deals -- affecting both their number and value -- could hit the proliferation of entertainment law boutiques especially hard because the lawyers at those firms feed off a single revenue stream: They get a percentage of the deals they draft.
Entertainment Law Boutiques Find Deals Are Drying Up
The National Law Journal
July 29, 2009