1.由于外部融资管道的增加，现在电影产业要获得资金的关注比以往容易得多

1.由于外部融资管道的增加，现在电影产业要获得资金的关注比以往容易得多。最明显的转变就是投资人对非主流投资标的的需求增加，许多另类投资基金握有大笔的资金等待投资机会。同时，投资组合理论的应用和电影公司开始愿意一次以多部电影为交易标的，吸引众多精明投资人的注意力。再者，现在的电影融资多半将收益依照风险特征的不同加以切割，吸引更广泛的投资人参与其中。这种结构化交易的采用，使另一个增加外部融资管道的因素，现金影片组合的融资协议也包含更多策略上的考虑，投资人希望能够和片商建立长期伙伴关系。
2.现在的投资人愿意承担更多的风险。现代片商越来越常以销售电影股权给外部投资人来分散风险，即使是通过贷款融资，其融资伙伴也能接受因偿债顺序被延后至影片发行和宣传活动费用之后，从而导致投资回收门坎提高。
3.投资人越来越清楚如何和电影公司打交道，甚至在某些影片前期准备过程中，外部投资人还参与到具体的决策流程中。

結果 (英文) 1:

1. due to increased external financing channels, now the movie industry concerns to obtain funds is much easier than ever before. The most obvious change is that demand for non-mainstream subject of investment increase, many alternative investment fund holding billions of dollars waiting for investment opportunities. Meanwhile, portfolio theory and the application of how movie studios are willing to trade, attract the attention of many savvy investors. Furthermore, majority of film financing will benefit be cut according to the different risk characteristics, attract a wider range of investors to participate. This structured transaction, another factor that increased external funding pipeline, cash portfolio of film financing agreement also contains additional policy considerations, investors want to establish long-term partnerships and film distributors.2. now, investors willing to assume more risk. Modern film distributors more and more often in order to sell movies on stakes to outside investors to diversify risk, even through loan financing, and its financing partners can also accept a repayment order be delayed until after the movie releases and publicity costs, resulting in a payback threshold increase.3. investors are becoming more aware of how to deal with movie studios, even in some films in the preparatory process, outside investors are also involved in decision-making processes.

結果 (英文) 3:

1 due to the increase of external financing pipeline, now the film industry to get the attention of the fund is much easier than before. The most obvious change is that the investors to invest in non mainstream standard needs increase, many alternative investment fund holds large sums of money for investment opportunities. At the same time, the application of portfolio theory and the film company is willing to start a multi movie for the subject of the transaction, attracting many investors attention. Moreover, now the film financing most of the proceeds in accordance with the different risk features to cut, to attract a wider range of investors to participate in it. The use of such structured transactions,Another factor to increase the external financing pipeline, the combination of cash film financing agreement also contains more considerations, investors want to build long-term partnership with the film providers.
2. investors are now willing to take more risk. Modern business more and more often to sell movies stake to outside investors to diversify risk and even financing through loans and its financing partners can also accept because of debt sequence was delayed until film distribution and promotion costs, resulting in investment recovery, the threshold increased.
3. investors are increasingly aware of how to deal with the film company, even in the preparation of certain films in the process,External investors are also involved in the specific decision-making process.