23 April, 2009

"Indie Films Suffer Drop-Off in Rights Sales"

Wall Street Journal:

"In the latest challenge to the American movie business, a crucial source of funding for independent films -- sales of foreign-distribution rights -- is rapidly drying up.

For decades, independent movie producers in the U.S. have routinely been able to fund their films by selling the rights to distribute them abroad. If the production featured a big-name actor or director, the rights were often sold before the movie was finished, providing producers with 50% or more of their production budget.

But today, due to factors ranging from the credit crunch to burgeoning online piracy, even the biggest names aren't always enough to sell an American film abroad."

Article in full

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