Independent Films on life support
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.