The number of prestige pics produced by the majors has declined. Traditional adult audiences flock to cable. Ancillary revenue streams remain uncertain. All of which means that the always-challenging Oscar film market is more challenging than ever.
When questioned by Variety’s co-editor-in-chief Claudia Eller about the future of low-cost, prestige dramas like “Million Dollar Arm” on Dec. 10 at the Variety’s annual Dealmakers Breakfast, Disney chief Bob Iger said, “You can quickly lose $40 million on a $10 million film these days.” That’s a potent explanation for Sony Pictures Classics co-prexy Tom Bernard’s observation to Variety’s Steven Gaydos at the Whistler Summit’s Dec. 5 View From the Top panel: “The studios do not want to be in the Oscar business.”
The majors’ divestment in specialty films, dramatically evidenced by the shuttering of divisions like Warner Independent and Picturehouse, can be seen in subtler ways this season. After closing...
When questioned by Variety’s co-editor-in-chief Claudia Eller about the future of low-cost, prestige dramas like “Million Dollar Arm” on Dec. 10 at the Variety’s annual Dealmakers Breakfast, Disney chief Bob Iger said, “You can quickly lose $40 million on a $10 million film these days.” That’s a potent explanation for Sony Pictures Classics co-prexy Tom Bernard’s observation to Variety’s Steven Gaydos at the Whistler Summit’s Dec. 5 View From the Top panel: “The studios do not want to be in the Oscar business.”
The majors’ divestment in specialty films, dramatically evidenced by the shuttering of divisions like Warner Independent and Picturehouse, can be seen in subtler ways this season. After closing...
- 12/21/2014
- by Gregg Goldstein
- Variety - Film News
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