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The Big Questions: A Cannes of worms for indie films

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    A Cannes of worms for indie films

    Climate of risk aversion takes toll on acquisitions

    By Gregg Goldstein (THR.com)

    "At May's Festival de Cannes, buyers rushed to see the latest work from three American auteurs: Steven Soderbergh's "Che," James Gray's "Two Lovers" and Charlie Kaufman's "Synecdoche, New York." But the fest ended without any of the films clinching a U.S. sale.

    It took two months for the $20 million-plus "Synecdoche" to land a U.S. distribution deal with Sony Pictures Classics. 2929 Prods. gave up on finding an outside buyer for its $12 million "Lovers," deciding to release it through sister company Magnolia Pictures. And Soderbergh's $65 million "Che" is still searching for a home.

    The tough market the three films encountered reflects an indie film industry rattled by folding specialty divisions, economic woes and the challenge of keeping films in theaters. A climate of risk-aversion not seen since the death of auteur-driven films in the 1970s has set in."

    For more please visit http://www.hollywoodreporter.com/hr/content_display/film/news/e3i9603a54f631ae7b09a08c24e7171b3f7

    But keep things in perspective, there are few Perth Indie producers lucky enough to have $65m for a budget. Maybe the moral of the story here is keeping production cost to something reasonable and eventually saleable.

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