June 15, 2009
A group of entertainment professionals has
established a new motion picture company that will finance and
distribute up to 12 low-budget movies a year.
Mary E. Dickinson, right, chief executive, and Charlene Fisher, president.
Many studios dedicated to
independent movies have been closed (Picturehouse) or exist more in
name than in function (Miramax). Production and advertising costs
continue to climb, financing is virtually impossible to secure and the
recession has severely reduced DVD revenue, once a safety net for
specialized film. Click www.nytimes.com for the whole story.
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