Whereas the studios had typically relied on passive, revolving lines of credit from banks before, funds were now designed for PE firms, hedge funds, and investment banks to actively participate in financing smaller catalogs of films. An estimated $15 billion was pumped into "slate financing," in which a series of films (upwards of twenty-five) were produced from the same pool of capital, thereby diversifying the risk and return.

DEFINE: Explains 'slate financing' — pooling capital across 25+ films to diversify risk.

Andrew deWaard, Derivative Media, loc. 297