by Zachary Wigon.
There are a lot of theories as to why the movie business isn’t what it used to be. The financial crisis of 2008 significantly lessened private equity’s desire to sink investments into films, independent and otherwise. A number of great indie and semi-indie distributors (Warner Independent, Picturehouse, THINKFilm) have gone out of business in recent years, leaving the ratio of independent films made to those bought at an all-time low.
And most of the lucky films that do land a distribution deal get one- or two-week runs in a handful of cities scattered across the country and then go to die on VOD, as mostindependent distributors lack the finances to allot them even the most basic P&A budgets. Yet the problem, as evinced by across-the-board domestic box office ticket sales figures, has a far simpler answer: People simply aren’t going to the movies as much as they used to.
Read the rest of this article from NY Press.
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