Word: toronto
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...which released the popular documentaries The Aristocrats, Born into Brothels and Murderball, are struggling, while financially stronger studios - the Hollywood heavies - are scaling back. Just two years ago, each of the six major studios had at least one specialty film division that bought indie films at events like the Toronto International (TIFF) and Sundance festivals, arranged for them to be shown at movie theaters and marketed them to the public. Today only Twentieth Century Fox, Sony and Universal still have specialty divisions - Disney does, too, but in name only. Paramount closed Paramount Vantage, Time Warner shut down Warner Independent...
...arms? In 2007, they accounted for more than 30% of indie box-office revenues. The big studios' specialty divisions were also key players in film-festival bidding wars, often paying between $2 million and $10 million per film. This year the highest price paid for a film at the Toronto festival was $1 million by the Weinstein Co. for Tom Ford's A Single Man. "Indie Bloodbath" was how influential movie-industry blogger Anne Thompson described the dearth of high-priced sales at the festival. (See how to plan for retirement...
...While Toronto festival co-director Cameron Bailey is optimistic that by year's end money spent to acquire 2009 TIFF films will be comparable to that of prior years, others say he's dreaming. "Usually there would be one film that came close to a double-digit million-dollar sale, if not hitting that," says Ted Hope, a 20-year veteran indie-film producer whose credits include 21 Grams and The Ice Storm. "Then you would have four or five films in that $4-to-$6 million range and four to seven films in that $1-to-$3 million range...
...Read "Clooney Soars in Two Films at Toronto Film Festival...
...when the cameras were rolling, the cast claims they grew serious. “Everyone seemed to be there for love of the piece,” said Connolly, a veteran actor of 55 films, citing numerous extras who showed up to take part in the film, both in Toronto and Boston. The other actors confirmed their commitment to the project, which looks likely to encompass a third installment...