Can You Indemnify Against Dick Pics? The Rise of Scandal Insurance in Hollywood.
8th October 2019
Celebrity scandal is as old as the tabloids, but the type of protection Spotted will offer was hardly used even a decade ago. Under the studio system, the financiers were in control — their stars’ transgressions easier to cover up, their contracts easier to tear up. True outrages like the Fatty Arbuckle case were relatively rare, and when they happened, the machine smoothed things over and rolled on. But today’s stars are the machine, commanding millions in endorsement deals and the lion’s share of indie-film budgets and carrying billions in market value on the backs of their reputations.