Miller controls Hollywood purse strings. (Chase Securities Inc, Entertainment Industries Group managing director John W. Miller) From: Los Angeles Business Journal | Date: September 15, 1997| Author: Grove, Chris | COPYRIGHT 1997 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

While the U.S. movie business is coming off its best summer ever - with domestic grosses topping $2.25 billion - John W. Miller has a view of the industry that Hollywood may not want to hear.

"The bank financing market is going though a very dangerous period," Miller said in a recent interview at his Century City office. "I think we'll see a huge correction in two to three years when some (independent film) companies start to default."

If you run an independent film...

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