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The Improving Economics of Independent Film

by Dorothy Pomerantz.

Thousands of people are converging on Park City, Utah, today for the start of the Sundance Film Festival, the biggest independent film festival of the year. Sundance is where films like Little Miss Sunshine, The Usual Suspects and The Blair Witch Project made their debuts.

For the past few years though, Sundance has been at the center of an industry in trouble. Like the rest of the economy, the independent film world got hit hard by the global crisis. Before 2008, Wall Street bankers with more money than they knew what to do with were directing extra funds into the film world in the hopes of turning a profit or at least getting to meet Scarlett Johansson.

Read the rest of this article from Forbes.

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