DealBook, by the New York Times has an article called "Hollywood Meets Hedge Funds", which announces a conference this week at the Beverly Hilton set up to strengthen hedge fund's ties with Hollywood.

The conference is being held by the Milken Institute, a think-tank founded by the former junk-bond king, Michael Milken, it features more than 100 sessions and 300 speakers. The conference looks at the hedge fund industry's relationships with Hollywood producers and their need for deep-pockets to finance their movies, and the hedge funds as deep-pocketed investors.

"Major Wall Street firms are also moving deeper into the movie business. Merrill Lynch last week led a group of investors that formed Summit Entertainment, new movie production and distribution company that expects to back as many as 12 feature films each year."