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Take the Money and Run

by on Feb.25, 2011, under Film/TV

From gawker.com

The Hollywood Films Financed by Qaddafi Cash

by Adrian Chen

The Hollywood Films Financed by Qaddafi Cash

Know why Hollywood shouldn’t take money from the son of a repressive North African dictator, no matter how nice he seems? His dad might one day go even more batshit crazy and order the mass murder of his own people when they start demanding freedom. Then you’re going to look like shitheads.

This is happening to Matty Beckerman’s Natural Selection film production fund. Last year, 37-year-old Al-Saadi Qaddafi [pictured left], the ex-soccer player son of Libya’s Colonel Qaddafi, invested $100 million in the LA-based fund. At the time, Beckerman brushed off concerns about the Qaddafi connection: “Initially when people hear it they get concerned. But it’s money at a time when very little equity is out there.” Plus, Qaddafi was a natural partner because, “He’s seen ‘Lost’ 30 times.” (The dude also paid Beyonce $2 million to perform at a New Year’s Eve bash in 2009.)

A new Bloomberg article speculates that even as his father orders massacres, Al-Saadi may be able to “continue to push film CONT’D AT GAWKER.COM>>

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