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Film industry heading into recession?

movie business recession

While stocks might currently be stabilizing, consumers are still feeling the economic decline. And if consumers are spending less, the film industry is definitely feeling it. Projects that were going into production the other day, are canned now. Film Department's Mark Gill is "getting a lot more" producers calling for financial help. Investors are keeping their money tight. And it's getting difficult for producers to finance their films without foreign presales. The recent Berlin market was quite bad and producers are now hoping for a rebound in Cannes. The question is if this really is an economic problem. Or is getting a movie into production just as difficult as it always was?

By burnsting on

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