The death of independent cinema.
So up until recently it seemed like the indie movie scene was booming, and studios had been opening up pseudo-indie labels to develop cheaper films for the arthouse audience.
But now, it seems like things are changing. Part of it is the economy. Part of it is that assholes go to see GI Joe and Transformers 2 know it sucks and not caring. A friend of mine in the business tells me that "Execution dependent" is a new bit of pejorative jargon that had cropped up recently, to reject movies that will only succeed if they're good. The studios want movies with a built in audience that will show up regardless of quality. This means remakes, comic book movies, unnecessary sequels and all of the shit we hate, but most of us go to see anyway.
The industry needs big blockbuster movies to function. The problem is not the $200,000,000 budget, it's the complete lack of accountability to quality. If a studio feels like the name is all they need to make money, then names are the only thing they will value.
Roger Ebert wrote an upsetting bit about the Toronto Film Festival in which he noted that very few films were picked up for release at all, despite many excellent movies with known stars and established directors. These movies are completed and ready for release, receiving good reviews, and yet the studios don't want to distribute them.
Ebert points out that the cost of advertising and creating awareness of a movie is a considerably investment, and this is true. Interestingly enough, though, the economic crash has lowered the cost of advertising and increased movie attendance, so why have things suddenly collapsed?
I've also been reading Alex Cox's book which is telling about the state of independent cinema. His last movie was released only in Japan (where Straight to Hell maintains an inexplicable following), despite a very low asking price. People are afraid to invest, even in movies that have already been completed, unless there's some kind of 80s cartoon or comic involved.
Makes you wonder where all this is going. It seems like in some ways films should be getting cheaper to make (the availability of digital video, editing software, and people who can do effects), and yet it's not. Where do you think it's all going? Are these movies going to dry up?