UK film industry | 59 companies have folded | grooveTEK.net
by BuddhaBoy on 09/09/09 at 11:58 pm
The stupendous success of Danny Boyle’s ‘Slumdog Millionaire’ is unlikely to be repeated, say insiders. The ongoing credit crisis has hit independent film companies quite hard, as 59 such companies have wrapped up in past 18 months, while others are struggling for funds.
According to the report released by PricewaterhouseCoopers, indie companies such as Lucky 7, which made film Modigliani about the life of the Italian artist and Palm Tree UK, behind feature films Lost in Landscape and Winter Warrior, have gone bust.
The company Stormrider Films, which had scheduled to bring out “a British sci-fi feature film like no other ever produced in the UK” with CGI effects, called Kaleidoscope Man, has also gone bankrupt. Christian Colson, producer of Slumdog Millionaire, fears that the trend might ultimately leave Britain drained of creativity
“It will be easier to get a 100m dollars film made than a really good 15m-dollar film,” The Independent quoted him as saying. John Woodward, chief executive of the UK Film Council, admitted that independent film companies “are facing something of a perfect storm”.
Read more … UK film industry facing most hostile environment in years | Entertainment and Showbiz!.
