Tuesday, July 1, 2008

Independent Filmmaking and the Bad Economy

“Fifteen years ago, the Sundance Film Festival got 500 submissions. This year, they received 5,000. Virtually all of these are privately financed. There’s only one problem: most of the films are flat-out awful (trust me, I have had to sit through tons of them over the years). Let me put it another way: the digital revolution is here, and boy does it suck.”
- Mark Gill, executive of Warner Independent and Miramax, speaking at the Los Angeles Film Festival financing conference.

In case you haven’t noticed, the American Economy isn’t so hot. Well, actually, the global economy hasn’t exactly been amazing. It’s freighting enough to have to stop and consider what this means for most of us middle class Americans. Unless you are the guy in the huge, gas-guzzling SUV thumping some indistinguishable bass-line for the current pop radio hit that pulls up next me on the street while I’m on my bicycle (yes, my good old mountain bike) on my way to the bank to cash my all-too-small paycheck from my last freelance video editing gig, you too probably have lost some sleep over the economic slump.