At other times resistant to economic downturns, Hollywood makes these days numbers on credit problems, lack of confidence on Wall Street and the fear of recession. In recent decades the studies went from film companies to large corporations with many different business interests. A double-edged sword because while giving credit to the producers, puts them squarely in the economic turmoil. In the past, Hollywood boasted take heart when things went wrong for other sectors because people took refuge in the movies to forget their sorrows. Today, the lockers are a part of the world of cinema, whose diversification has led to increased costs now can not be maintained. Today, research budgets and postpone production cut for next year because they can not cope with the planned launch campaigns.
So far, 2008 had several films that release date has been stored in an executive box overlooking the next year, after passing the Oscars. Expected titles like "The Soloist" and "The Road" have been finally out of competition early, both with serious options to a statue, as discussed here. Another who missed last year was the "Harry Potter"-referring to if the delay is the idea of launching the next adventures of the magician in consecutive years and no "Potter" in 2009 -. In summary, the reasons are accumulated as sludge in the river, although at this point you begin to see the light of what happens in this case muddy.
NBC Universal announced this week a cut of 3 percent of its budget for next year because of the crisis, but did not speak yet of layoffs, which affect the promotion of their films and their investments in new projects.
Paramount, after his break with DreamWorks and its films division, was put in the position of "stand-by" "The Soloist" to save 70 million dollars in marketing, with those who do not have right now. The lack of credit in the financial market also affects Hollywood, as shown.
DVD divisions, which might benefit from all this mess, have seen sales correspondendieron not as expected by the crisis. People want to save and it shows in the home video business. "Sex and the City" is below their expectations of sales, while "Iron Man" looks like it is shaking the pressure. Iron Man showed its strength in its first weekend in stores.
The lockers in turn suffer. A curious case is "Beverly Hills Chiuahua" a comedy starring dogs. All of a script that a priori might be doomed to failure but being a hit in the U.S.. In its first two weeks remained at number one across the country, ahead of new releases as "Body of Lies" DiCaprio and Crowe. This weekend beat the movie "W." Oliver Stone about the life of George W. Bush and only the video game character "Max Payne" could with the puppies.
Viewers notice the crisis, want a laugh at the movies, go out of mulling over his head and Hollywood as you can digest their transcendences.
The economic crisis, a "thriller" coming to theaters
Translator
By N2H