Pretty much, Variety is reporting what my title suggests. Here are the ways Hollywood is going to do it:- Limit movies in the $35 million to $70 million range.
- Financial partners are no longer an option -- they're required.
- Trim marketing budgets.
- Make fewer movies.
Scott from Cinematech says "Studios already know how to make and market expensive, big-budget projects. But what about the $10 million feature film - or the $100,000 video series for cell phones?" Definetely sounds like they are abandoning a big piece of future markets.
Mike at HD For Indies has this – "If Wedding Crashers can be made for $30 to $40 million (plus a huuuuuuuge long running advertising budget - it feels like I must have been seeing those first ads in high school) - why can't entirely entertaining movies be made with those kinds of budgets consistently? They had some decent name brand actors in there, plenty of locations, some good gags, no need for tons of VFX work. It was simple, it was FUNNY AS HELL as was The 40 Year Old Virgin."
Here is my take, Hollywood does things the same way they did 50-60 years ago. They create movies like creating an event. Special story with special people doing special things that have never seen before and will just happen this once. But they have done it so often that it has become formulaic, boring. The audience sees nothing special with these event/movies. But Hollywood continues to make them because it is easier for them to market such a movie. However, each time (or how often) they do this, they actually bite the hand that feeds them. That is why you need the other guys, the lesser events, to create diversity in the market. Now mind you, these "lesser" films will continued to be made but it will just be harder whether it be in production or in marketing.
If you were wondering about the pic, I just want to give kudos to the guy for having the right idea.
