As I discussed in the first three
parts (here,
here,
and here)
of this short series on the future of film, the landscape of movie and
television entertainment is shifting beneath us. What does this mean for people
who love movies (and who doesn’t?)?
Hollywood has taken a big hit in
recent years from a floundering economy just like everyone else. Major-studio
specialty divisions like Disney’s Miramax,
which produced the kinds of movies we think of as “independent” but aren’t,
have undergone
near-extinction. Meanwhile the studios’
feature film business model seems to increasingly veer in two directions: highly
profitable low-budget flicks such as the Paranormal
Activity horror series, and massively-budgeted spectacles with franchise,
merchandising, and even theme-park potential, “tentpole” pictures such as Harry Potter or Transformers.
By focusing on the tentpole pictures to the exclusion of the tent itself, Hollywood studios have gradually abandoned the middle ground of high-quality films with low-to-midrange budgets. This presents exciting opportunities for creative, truly independent production companies, outside the often stultifying studio system, to fill that void – if they can find the money, which is increasingly coming, when it comes at all, from overseas (and that introduces a whole other dynamic which I don’t have space to address here). Yes, the studios still have a vested interest in making Oscar-worthy fare to bolster their artistic prestige, but I predict the real wave of the future for quality movie entertainment will come from these true independents, as the studios cease being the gatekeepers to visionary new filmmakers.
By focusing on the tentpole pictures to the exclusion of the tent itself, Hollywood studios have gradually abandoned the middle ground of high-quality films with low-to-midrange budgets. This presents exciting opportunities for creative, truly independent production companies, outside the often stultifying studio system, to fill that void – if they can find the money, which is increasingly coming, when it comes at all, from overseas (and that introduces a whole other dynamic which I don’t have space to address here). Yes, the studios still have a vested interest in making Oscar-worthy fare to bolster their artistic prestige, but I predict the real wave of the future for quality movie entertainment will come from these true independents, as the studios cease being the gatekeepers to visionary new filmmakers.