I've been saying for months that massive budget films are coming to an end. With the global economy on the verge of a possible second meltdown (fingers crossed for a last minute save from the hero who pulls us back from the breach), investors and studios alike are rethinking their options. Or counting their dollars and cents. No one wants to invest hundreds of millions into a film that may or may not open. Unless it's James Cameron. Or Will Smith, cuz that guy always opens. But mostly, filmmaking has become even riskier for the folks with the money. The ROI on a film has always been a gamble but with the current economic climate, that gamble can be equivalent to a newbie poker player trying out his first hand at the high roller's table. OK, I don't play poker so that analogy may not be correct but you get what I'm saying. Check it out in the article below:
Studios Rethink Big-Budget Producers and Their Pricey Tentpoles--and Westerns - Thompson on Hollywood
So where does that leave us? Is filmmaking doomed? No, absolutely not. It's evolving. And the indie world is on the forefront of that evolution. Independent filmmakers have always had to think outside the box but now they've got a bunch more tools at their disposal to make their films a reality. From crowd funding to self distribution, the gates are squeaking open and the studios are taking notice. That being said, you have to have a great product. There's a lot of crap out there but those hidden gems? The ones that are beautifully shot, wonderfully acted, geared towards a specific audience with a great story, and with a tightly controlled budget? They are like catnip to the lions in Hollywood.
So keep on doing what you're doing. If you do it well, enough, those pesky gatekeepers in LaLaLand may just sit up and take notice.