As people cut back on their expenditures, Paramount Pictures is thinking in terms of small budget films (technically not “indies”). Will this venture result in failure as so many other “small budget” wings of major studios?
…Fresh off the stunning success of “Paranormal Activity” — a $15,000 thriller that has grossed more than $107 million in domestic release despite little paid advertising — Paramount Pictures is set to launch a new production business for movies budgeted at less than $100,000.
The as-yet-unnamed division’s initial plan is to finance as many as 20 “micro-budget” movies annually starting in 2010, Adam Goodman, president of Paramount’s film group, said Thursday.
— LA Times | Read The Full Article