By 2007 every major studio had private equity slate backers.

Evidence

Gun Hill I, for example, was the name of a 600 million fund for eleven Sony films and nine Universal films in 2006; one year later, Gun Hill II raised another 700 million for another twenty films. Both funds were backed by Deutsche Bank and performed disastrously for investors. By 2007, every major studio had lined up PE backers for at least one slate. — Andrew deWaard, Derivative Media, 297

Categorization

• DEFINE: Concrete example anchoring the definition: Gun Hill I/II as named funds with dollar amounts, backer, and outcomes.