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Page last updated at 17:31 GMT, Friday, 8 August 2008 18:31 UK

Hollywood feels the crunch

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Some of the major banks and financial institutions are pulling back from investing in Tinsel Town.

Paramount Pictures has recently seen the collapse of a $450 million financing deal, involving Deutsche Bank, putting the production of scores of films in jeopardy.

Peter Bowes reports from Los Angeles.

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