Movies in Hollywood Accounting As I always said and I believe that accountants can work in any industry. The scope and extent of this professional is sometimes without limit.
You can see girls and boys waiting for hours in the rain for their favorite celebrity has just had a view of them or an autograph signed. But if you are an accountant and you also have a "Favorite Celeb", then things could be the opposite! Or can I say, these celebs need a autograph (say that signature) of their films for you! Is not that interesting? But how?
According to a corporate website , Iron Man 2, which features Robert Downey Jr. actors, including Samuel L. Jackson and Gwyneth Paltrow, is to take the box office by storm when it opens in the United Kingdom, Friday, after winning over critics in the U.S. when it debuted last month.
And it was revealed that accounting York Garbutt and Elliott has invested more than 8 million pounds in the film, on behalf of clients of its wealth management team.
Jeremy Gibbs, director of Garbutt and Elliott Asset Management, has admitted the investment is unusual, but said these investments are being sought by the company amid the continued uncertainty of the economy.
Investment in Iron Man 2 due to a financial commitment of Garbutt and Elliott - who has performed strongly last year, with an increase of 15 per percent of fee income, and almost doubled its office space - to develop a renewable energy plant Grimsby, which will create biofuels from crops and produce many eco-label-products, including including feed and bottled gas.
Is it Made in Pakistan?
So if you are an accountant or a wealth management department of any social group, it might be possible that a future star need your approval for her / it next blockbuster?
I spoke with Mr. Ahsan Raza Khan, on behalf of Pakistanacca.com, a finance manager to Osama bin Laden Asset Management . He said: "In Pakistan, the Securities & Exchange Commission of Pakistan to oversee this activity and sets the operating rules of the company. Until now, asset managers on behalf of their clients can invest in money market and stocks. When investing in real estate is also added by the SECP to increase the avenues of investment. "
So I wonder whether in Pakistan, we can see the management companies investing in films? Pakistani films in particular?
"Iron Man 2 is another story, but yes, it is possible that future SECP could enable asset managers to invest in Pakistan in entertainment companies on behalf of their clients," he said .
People said he, not movies. While time will tell if SECP could afford such investments, and if our entertainment industry could force the authorities by printing their work to the law.
What do you think? Is our entertainment industry strong enough to catch the eye of officials SECP Act?
Posted on June 2, 2010.