Latest Video: FilmCrunch 067: Hairspray, Chuck & Larry, Premonition reviewed
Veronica Santiago and Neil Estep review Hairspray, Chuck & Larry, and Premonition in this episode of FilmCrunch.Play Video
Sony, Miramax Feeling the Strain of Recession
Posted by K.C. Morgan Categories: Miramax, Sony, Corporate Shakeups
It isn’t just middle America that’s been affected by the severe economic crisis. Even one of the nation’s most successful ventures, the cinema, is feeling the budget crunch. Some of Hollywood’s biggest names are suffering, as more movie patrons find they can no longer afford box office prices.
Sony Pictures is laying off their employees, eliminating around 6% of their current workers. According to a memo given to employees of the company, “the decision to take this step was difficult. But it’s being done in the context of a strategy designed to help us safeguard our competitiveness and chart our own course through these troubled waters.”
Miramax is also struggling in the dangerous economic climate, and sources suggest that the company could be closing its doors for ever in 2011. Six movie projects are still in production, but upon their completion Disney could opt to sell the label.
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| Deadline
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Sam Mendes Fears for Big Dramas
Posted by Andru Edwards Categories: Corporate Shakeups, Filmmaking
Sam Mendes claims the recession has made Hollywood dramas and period movies are “almost impossible” to make.
The director says that while his recent movie, Away We Go, had been done “very cheaply,” other films are struggling in the current economic climate.
“The recession has hit the industry in a very odd way as big movies are more popular than ever,” Mendes said to BBC Radio 4’s The Film Programme. “But the movies in the middle are almost getting squeezed out, which is the big dramas, the movies that do cost a bit of money with well-known actors in them.”
Click to continue reading Sam Mendes Fears for Big Dramas
Read More | BBC
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