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Wed, Jan 18 2012 Diver footage shows cruise ship interior Thu, Jan 19 2012 Sundance opens with eye on broken American dreams Tweet Share this Email Print Related News Sundance 2012 will be biggest buyer's market ever Thu, Jan 19 2012 A Minute With: Sundance Film Festival director John Cooper Thu, Jan 19 2012 Silent film "The Artist" leads BAFTA nominations Tue, Jan 17 2012 "Riches-to-rags" film on opulent family home prompts lawsuit Mon, Jan 16 2012 "Artist," "Descendants" shine at Golden Globes Mon, Jan 16 2012 Analysis & Opinion The Kodak tragedy Chaalis Chauraasi: Stellar cast, not-so-stellar film Related Topics Entertainment » Fashion » Film » People cross Main Street before the first day of Sundance Film Festival in Park City, Utah January 18, 2012. Credit: Reuters/Jim Urquhart By Christine Kearney PARK CITY, Utah | Thu Jan 19, 2012 11:37pm EST PARK CITY, Utah (Reuters) - The Sundance Film Festival opened on Thursday night with four features, including a documentary highlighting America's housing crisis, the fractured American dream and values humbled by today's lackluster economy. The documentary, "The Queen of Versailles," follows self-made former billionaire and timeshare mogul David Siegel and his wife Jackie, who at first glance may not seem in touch with many Americans who have struggled in the current, downbeat economy. The film, which debuted Thursday night to a packed house and solid applause, opens with the couple constructing their dream house: A sprawling 90,000 square foot mansion named "Versailles" inspired by the French palace. But the story eventually comes to resemble many of the lessons learned by those who have lost their homes, jobs and experienced the effects of the economic crisis. "The American dream has always been this idea of home ownership," director Laura Greenfield told Reuters, but the film shows the Siegels dealing with the slumping economy, like many in the United States, and "how they downsize and cope with the situation," eventually rediscovering what is important to them. "They do take on this everyman quality that ends up putting them nearer to us in terms of the overreaching of America and downsizing and getting back to core values," said Greenfield. "Versailles" is one of several high-profile films here that show Americans tackling problems associated with the weak economy, greed and dreams reevaluated. "It's no secret that times are dark and grim," Robert Redford, whose Sundance Institute for independent filmmaking backs the festival, the largest gathering for U.S. independent filmmakers, told reporters on Thursday. Even though Americans were experiencing some hopelessness, including a Washington in "paralysis," Redford said Sundance audiences could be upbeat because while some films "might be reflective of these hard times...there is not paralysis here." 10 DAYS; 100+ FILMS Overall, there are more than 100 fiction and documentary films showing at the festival that runs for the 10 days in the ski resort town of Park City, Utah, east of Salt Lake City. Other opening night screenings include two fictional tales, "Hello I Must Be Going" starring Melanie Lynskey as a demoralized, divorced 35-year-old who moves back in with her parents and "Wish You Were Here," an Australian film starring Joel Edgerton as a man clinging to a shattered family. "Searching For Sugar Man," competing in the world documentary section, completes the opening night lineup. It is one of many films here centered on musicians and shows two fans looking into the mystery of how a would-be 1970s rock icon declined into obscurity. Festival director John Cooper said the opening night films reflect the choice of more experienced storytelling at a festival that prides itself on being a launch pad for careers and for premiering low-budget hits like "Little Miss Sunshine" and documentary "An Inconvenient Truth." "We like a filmmaker who knows the ropes -- something that will play well," he said. Of all the opening films, Greenfield's "Versailles" was the most hyped. Adding to the buzz, David Siegel sued the filmmakers and Sundance for defamation over promotional materials for the film, but Greenfield said she could not comment on the lawsuit. Coming into the festival, other films on which audiences and buyers are focused include Spike Lee's "Red Hook Summer," "Red Lights" with Cillian Murphy, Sigourney Weaver and Robert De Niro and Stephen Frears' "Lay The Favorite" starring Rebecca Hall, Bruce Willis and Catherine Zeta-Jones. "Bachelorette," with Kirsten Dunst and Isla Fisher tells of a group of young, single women casting aside bitterness at a hedonistic bachelorette party. Numerous other stars are expected to appear including Kate Bosworth, Chris Rock, Julie Delpy and Paul Simon as the tiny, snowy town transforms into promotional suites and film parties. Redford talked of the "two sides" of Sundance with marketers having descended upon its success years ago and at times misplaced hype, but said it was still a place for indie filmmakers to find their feet. Sundance is offering filmmakers a new service this year advising on the latest methods of Internet distribution and Redford heralded more freedom and control for filmmakers by releasing films and reaching audiences via the Web. "It's pretty obvious we are in a period of tremendous change," he told the opening film audience. "We embrace it." (Reporting By Christine Kearney; Editing by Bob Tourtellotte) Entertainment Fashion Film Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Joel Cox, Doug Ibold to Receive Editors' Lifetime Achievement Awards 2:54am EST ACE Eddies honors will go to Clint Eastwood collaborator Cox and TV veteran Ibold Sundance Party List 2012: A Guide to Hollywood's Snowy Fun Festival 12:56am EST Best of the snow, the scene, the swag and Park City's most talked about non-film fun How the Pirates of the Internet Are Killing Hollywood's Golden Goose 12:45am EST MPAA chief Chris Dodd is earning $1.5 million to arm-twist Congress, but the powerful tech industry has other plans Warner Bros. Removes 'Arthur' From Calendar; 'Giant Killer' Bumped to 2013 19 Jan 2012 Also, "Rock of Ages" is being delayed two weeks We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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