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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Entertainment > Article Home Business & Finance News U.S. Politics International Technology Entertainment Film Music People Television Arts Industry Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Recession takes little sheen off Oscar gold Mon Feb 16, 2009 7:28am EST Email | Print | Share | Reprints | Single Page [-] Text [+] By Bob Tourtellotte LOS ANGELES (Reuters) - Whether it's the recession, the age of Obama or the fact a hopeful movie is favored to win best film, it's clear that change has come to Hollywood as Oscar week kicks off on Monday. Movie fans and critics have escaped the gloomy economy by seeking out Academy Award front-runner "Slumdog Millionaire," a rags-to-riches romance about a poor, young Indian man on an odds-defying quest on a television game show. "Slumdog" follows two straight years of dark crime dramas -- "No Country for Old Men" and "The Departed" -- winning the world's top film honor, the Oscar, for best motion picture. Party planners and caterers say plans for Oscar festivities have slowed ahead of Sunday's Oscar show. Celebrity gift-getting suites are open for business but organizers say giving back seems to be more of a priority among the stars. "Obama asked us for a day of service and we're asking for a night to make a difference," celebrity talk show hostess Leeza Gibbons said. Gibbons and singer Olivia Newton-John's are hosting an Oscar night benefit for Gibbons' Memory Foundation and Newton-John's Cancer and Wellness Center. "A lot of the glamour associated with the Oscars is still there but it's tempered by the economic times," Gibbons said. Vanity Fair, which once ruled the roost of Oscar parties, will renew its annual gala but the affair will be toned down compared to previous years due, in part, to the recession. Elton John and David Furnish are hosting their annual charity event but gone are last year's competing private affairs held by pop stars Madonna and Prince. In their place, Hollywood's elite may be rolling over to a Mercedes-Benz-sponsored party. GLOOM BUT NO DOOM Budgets have been reduced for many of these lavish pre-Oscar and Oscar night events. "Some haven't cut 1 percent; others have cut 75 percent," said Michael Gapinsky, vice president at caterer Along Came Mary. The posh hotel suites where fashion designers, jewelry makers and cosmetic companies pamper the stars, remain a stop on Oscar week lists. But charity also will be emphasized in the give-away suites with guests given the option of donating products or money to others, said Gavin Keilly, founder of gift suite organizer GBK Productions. Oscar organizers also promise a new look to the gala awards ceremony on Sunday night. Earlier this month Sid Ganis, president of the Academy of Motion Picture Arts and Sciences, which gives out the awards, said the show's producers "are going to take some risks, many risks, some bold." He did not detail the risks and producers Bill Condon and Laurence Mark -- who backed movie musical "Dreamgirls" -- also are being tight-lipped. Australian song-and-dance man Hugh Jackman is the host, a spot usually reserved for a comedian, so many observers expect a music-oriented type of stage show. What is known is that "Slumdog," with a cast of mostly unknown Indian actors, is clearly favored to win best movie after sweeping up awards from Hollywood producers, directors and writers, many of whom also belong to the Academy. The movie's British director, Danny Boyle, is the front-runner for the directing prize. Continued... View article on single page Share: Del.icio.us Digg Mixx My Web Facebook LinkedIn Next Article: Simon and Garfunkel reunite in New York Video Video: G7 crisis talks Barbie turns heads on New York's catwalk at 50 One year after secession, Kosovo remains fragile More Entertainment News R&B star Chris Brown apologizes, seeks counseling | Video Simon and Garfunkel reunite in New York Film world has capitalism and crisis in its sights British singer M.I.A. gives birth to boy Nothing says "I love you" like "Friday the 13th" More Entertainment News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Obama drops "car czar" idea White House dampens stimulus expectations British singer M.I.A. gives birth to boy Cash-rich tech companies move carefully in downturn UPDATE 1-Market Chatter -- Corporate finance press digest Iraqis open arms to romance as violence fades | Video China papers bask in G7 praise, pillory "Buy American" Deals of the day -- mergers and acquisitions Sirius creditors threaten to oust CEO - WSJ Oscar voting rules create uneven playing field Most Popular Articles RSS Feed Video G7 crisis talks Venezuela votes on Chavez referendum Moscow protest over double killing Lawsuit threat over Australia fire Piggy-back ride for your Valentine Khmer Rouge trials set to start Chavez wins re-election referendum Deadly blaze hits Russian hostel Afghan operation risks Soviet fate Tight security for Kerbala gathering Most Popular Videos RSS Feed Pictures Slideshow Grammy glam The Grammys raised the curtain on fashions that included Kanye West's sparkling tuxedo and M.I.A.'s bold maternity wear. Slideshow Slideshow Grammy performances Artists perform under the bright lights at the Grammy Awards, showcasing a wide selection of music. Slideshow Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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