Independent Films on life support

posted by danpetitpas on September 30, 2008 at 8:00 am

A recent article in The Australian pointed out that there have not been any breakout independent films this year. They claim that the major studios quickly getting into the indie film business and subsequently closing their indie divisions, has harmed the market.

The festival circuit this year has yet to identify an art-house or independent break-out hit. David Stratton describes last week’s Venice film festival as “the most disappointing program in many years”.

The upcoming Academy Award season seems bereft of “little films that could”, and studio specialty arms are closing: Time Warner has closed Picturehouse, Warner Independent and Paramount Vantage have been absorbed into their parents, and boutique distributor ThinkFilm is fending off creditors and lawyers.

You can read more at The Australian.

Comments (1)

moviebuff82 on September 30, 2008 at 5:21 pm

Nearly 10 years ago, indie films were the hot spot that peaked with “The Blair Witch Project” and ended with “Little Miss Sunshine”. With the stock market in freefall, expect more studios to absorb indie divisions into the main studios.

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