Die deutsche Stiftung Hannover Leasing wird den dritten Teil der HdR-Trilogie DIE RÜCKKEHR DES KÖNIGS mit 350 Millionen Mark unterstützen.
German fund seeks Hobbit investors
by Ed Meza
BERLIN (Variety) - A German investment company is offering local investors with at least $43,000 to spare the chance to share in the magic and glamour of Hollywood.
Hannover Leasing is establishing a DM350.5 million ($150 million) fund to finance The Return of the King, the third installment of New Line Cinema's $270 million Lord of the Rings Hobbit trilogy.
Such investment schemes are usually offered toward the end of the financial year to high-bracket earners looking to bring down their taxable income.
Germany's tax authorities are busy rewriting investment regulations to shore up tax revenue lost to such funds, which will not be available after this year. While media funds will continue to be offered, they won't provide the lucrative tax havens they do now. Last year nearly $1.5 billion was raised through private media funds.