Latin American Film Industry May Receive Boost in the Global Recession

FEBRUARY 13, 2009by Danielle Renwick

In the last few months conventional wisdom has said that all bets are off when it comes to investments. While most sectors of the economy are starving for cash and credit, Latin American film makers are hoping to attract foreign investors looking to lower costs by investing in non-U.S. projects.

Andres Calderón, executive producer at Dynamo capital, was in New York last week to test that hypothesis. Calderón, who worked as an investment banker for eight years before joining the Colombian production firm Dynamo, is hoping that the credit crunch affecting Hollywood will provide new opportunities for Latin American movie makers.
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