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Sunday, May 25, 2008
DISTRESSED ASSETS 

The New York Times Sunday business section has an article on Cinetic Media's new digital rights division. Here's the painful lede by Brooks Barnes:

MORE than 3,600 independent features were submitted to the Sundance Film Festival this year, a record driven by inexpensive digital equipment and an abundance of film financing. But only a couple hundred of those movies will ever be distributed in theaters. Does that mean that almost 90 percent of indies have zero value?


# posted by Scott Macaulay @ 5/25/2008 12:50:00 PM
Comments (4)

 
Ouch.
# posted by Blogger William @ 5/25/2008 6:25 PM  

 
90% of humanity has no value. Yep. Seems about right...
# posted by Anonymous Anonymous @ 5/26/2008 1:01 AM  

 
You said "in the theatre." So, maybe they have zero value there, but there are other ways of getting my film out there. I was one of the ones that submitted to Sundance. Expensive exercise.
# posted by Blogger daneeta loretta @ 5/26/2008 11:33 AM  

 
Well, the hopeful part of the Times article is that the possibility that digital delivery will allow all those films that don't make it into theaters (and, hence, receive a cable deal, etc.) a way of generating revenues back. But you tell me -- do you really feel that your film was an "expensive exercise" because it didn't get into Sundance? Were there other kinds of returns to you, or were you just bummed that you made it?
# posted by Blogger Scott Macaulay @ 5/26/2008 6:13 PM  


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