%0 Journal Article %A Jay H. Eisbruck %T Blockbuster or Flop? %B The History and Evolution of Film Receivables Securitization, 1995–2005 %D 2005 %R 10.3905/jsf.2005.598327 %J The Journal of Structured Finance %P 11-16 %V 11 %N 3 %X Film securitizations have proven to be useful financing tools for studios to meet their particular capital needs. Most of the early transactions have performed in line with original expectations, laying the groundwork for modest growth in the market and a gradual evolution toward structures that shift more of the film business risk to investors. Moody's expects that two to three new transactions per year will be issued over the next few years. In this article, the author describes the general features of film securitizations done to date, recent trends that are altering some of the structures, and how those changes affect the credit risk faced by investors. %U https://jsf.pm-research.com/content/iijstrfin/11/3/11.full.pdf