World tips Hollywood on its axis
Film executives are back home after Cannes, getting back to business as usual. Except things are not "as usual." The May 14-25 festival and market crystallized what many have suspected for a long time: The business has undergone fundamental changes in the past year.
--The acquisitions biz has shifted drastically.
--The funding world is completely different.
--Simultaneous with those shifts is Hollywood's new attitude toward foreign production. U.S. studios are aggressively looking to produce local-language projects for a particular territory or territories.
The studios may be Hollywood-based, but their conglom parents are thinking globally, which affects every business and creative decision. Click here for rest of article.
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