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Saturday, 19 September 2009 - Few deals, some Oscar bets at Toronto film festival | Entertainment |
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    Read more with google mobile : Few deals, some Oscar bets at Toronto film festival | Entertainment |

    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 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 Few deals, some Oscar bets at Toronto film festival Fri Sep 18, 2009 2:59pm EDT   Email | Print | Share | Reprints | Single Page [-] Text [+] By Cameron French TORONTO (Reuters) - This year's Toronto film festival lowers its final curtain this weekend after 10 days of red carpet premieres and industry networking that produced few movie deals but showcased some good bets for Oscars. Executives, hoping for signs that the independent film industry might be ready to emerge from a nearly two-year funk, had little to celebrate. Barely a handful of distribution deals were announced during a festival that began with more than 100 titles available for acquisition. "I anticipated a slow market, but I guess I was surprised. I thought there would be a few more deals closed by now," said Steven Beer, an entertainment lawyer with Greenberg Traurig. Films like rock'n roll vampire flick "Suck" and the Woody Harrelson superhero movie "Defendor" were among the exceptions that found distributors to release them in theaters. Overall, weak demand from recession-stung distributors has ended the traditional flurry of deal making at the Toronto International Film Festival. "You'll see carnage from this film festival," David Garber, CEO of Lantern Lane Entertainment, told an industry round-table this week. "There are some very expensive movies there that are going to be wanting for distribution. And they'll make a deal that makes no real financial sense." While summer season box office receipts crept up from last year, the independent film industry has been hit by plunging DVD sales and fewer sources of production funds. There is also uncertainty over how digital downloads and movies-on-demand on television will impact future revenues. These factors have forced film distributors to cut back on bigger budget movies and to be more picky in what they release. "(This) is a permanent change," said Beer. "The cost of releasing films continues to escalate, so the risk factor is so considerable that the industry has become very conservative." LOWER BUDGETS, HIGH HOPES However, just as shoppers tend to look for cheaper products during a recession, the door is still open for low budget and art house films of the type that play at Toronto. Industry players say high-priced actors are accepting lower pay, which may be benefiting smaller productions. "I think one of the things at this festival was how many of the smaller films had bigger stars," said Tom Bernard, co-president of Sony Pictures Classics. He pointed to Rodrigo Garcia's relatively low-cost "Mother and Child," which stars Annette Bening, Naomi Watts and Samuel L. Jackson.  Continued... View article on single page   Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn     Next Article: Phil Spector says prison driving him insane     Also On Reuters Video  Video: IPOs are back in full swing next week Blog: Dim view of media? 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Editor's Choice Slideshow  A selection of our best photos from the past 24 hours.  Slideshow  Most Popular on Reuters Articles Video Ahmadinejad says Holocaust a lie, Israel has no future  |  Video Study links 45,000 U.S. deaths to lack of insurance "Option" mortgages to explode, officials warn Conservative Christians assail Obama agenda China's "cancer villages" bear witness to economic boom First U.S. H1N1 vaccines will be nasal spray: CDC Silicon Valley warning: Detroit still doesn't get it Ahmadinejad: Detained U.S. hikers deserved punishment Citigroup CEO says $100 million annual pay is too much Iran president says Holocaust "pretext" to form Israel Most Popular Articles RSS Feed Video  Eye-tooth restores sight Turkish man declared world's tallest Merkel's challenge to retain power Yale lab tech charged with murder Sweet smell of Tel Aviv centenary Namibian seal clubbing video shown Obama resets missile defense Obama shifts gears Incest case stirs Australian horror Ahmadinejad calls Holocaust a "lie" Most Popular Videos RSS Feed Lifestyle Travel & Leisure: 48 hours in Baghdad Home to what many call the Cradle of Civilization, and whose capital is immortalized in tales of the "Arabian Nights," Iraq has millennia of rich history to offer tourists -- at least the adventurous ones.  Full Article  Top 5 small, boutique hotels Hotel prices have sunk -- time to book Business travel can help bottom line Reuters.com:  Help and Contact Us  |  Advertise With Us  |  Mobile  |  Newsletters  |  RSS  |  Labs  |  Journalism Handbook  |  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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