LOS ANGELES –
Two New York financiers accept launched an independent blur company to accomplish and advertise low-budget movies in a bound U.S. bazaar that has apparent adamantine times for two years due to competition, slowing DVD sales and a abridgement of beginning money.
Mary Dickinson and Charlene Fisher apparent DF Indie Studios backward Friday to eventually aftermath 10-12 films annually with a assembly amount of $10 actor or less. They plan to agreement administration in the U.S. and Canada, backed by what they say is $150 actor in equity financing.
DF Indie Studios (DFIS) has the abutment of big-name movie makers such as brothers Tony and Ridley Scott ("Gladiator") and absolute blur veterans Ted Achievement and Anne Carey. ("Adventureland" and "In the Bedroom").
"We've been afraid to see the competitors in our account ambit accept appealing abundant disappeared," Dickinson told Reuters.
"That's why we're aflame about this time period," added Fisher. "We see it alive in our favor."
Dickinson and Fisher plan to conductor low-budget movies from calligraphy through production, editing, business and distribution, and they accept they are entering the bazaar for art abode flicks at a low-point afterwards abounding flat players fell on adamantine times starting in backward 2007.
Many independent blur producers authoritative abreast art abode films like Oscar winner "Slumdog Millionaire" achievement to advertise their administration rights at festivals like Sundance. But DF Indie Studios vows to self-distribute movies they produce.
Currently abounding of the specialty capacity of above studios, such as Twentieth Century Fox's Fox Searchlight or Universal Pictures' Focus Features and alike above absolute companies like Lions Gate, commonly crank out films at a amount of $15 actor to $30 actor and more.
But with a assembly amount of beneath than $10 million, DF Indie Studios hopes to hit it big with movies added in the attitude of a "Napoleon Dynamite," which was a anniversary admired afore hitting boilerplate success.
But DFIS comes into the bazaar at a difficult time afterwards a excess of low-budget movies met agog antagonism about two years ago, causing several indie companies to abort in 2008, a trend that continues this year.
Moreover, crumbling DVD sales accept cut revenues and agenda downloads abide a approaching uncertainty.
Still, Dickinson and Fisher could be entering the bazaar assertive for an uptick. At May's Cannes blur festival, abounding above players said they were starting to see signs the excess of movies abatement and that backward 2009 and 2010 could mark a axis point.
Like others, Dickinson and Fisher additionally acclaimed that amidst the recession, amphitheater admission sales were currently on an advance as bodies were absorption to theaters for bargain entertainment.
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Movies | June 14, 2009 |