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Lance Hammer, who won the bestdirector prize this year at Sundance, ultimately decided to distribute Ballast, his tale about family coping in the aftermath of suicide, himself. Since Hammer has filled his days pitching the critically praised movie to small theaters, church groups and universities.I wanted there to be another choice but there wasnt, said Hammer, who made Ballast with less than 1 million, fundingit with his own money and investments from two friends.
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MovieStyle, Pages on More stories Home Entertainment Movies Independent films feeling squeeze of the credit crunch BY MICHAEL WHITE BLOOMBERG NEWS Todays Popular Stories The film, made for 500,000, stars Nichelle Nichols of televisions Star Trek and won awards at festivals in Los Angeles and San Diego. Undaunted, Schulman is trying to raise 10 million to finance another film, Alongside Night, based on his novel about catastrophic Paramount Pictures, owned by Viacom Inc., said last month that it will reduce releases by third to year.
label, and closing Picturehouse and Warner Independent Pictures. No. celebration of independent movies, surpassed 8,700 this year, from about 2,600 in 1998. That has left filmmakers shouldering bigger share of the risk. LIKE IT IS With one pass, Casey Dick goes out winner This article was published 21, Theres pall over the whole industry.Filmmakers saw the market begin to contract at Sundance in when Ballast and other smallbudget dramas were overlooked by specialty divisions of major studios. After the festival, Hammer struck tentative deal with IFC Films, New Yorkbased distributor.
Paramount started Paramount Vantage in It validates the film, it creates publicity, he said. Independent films rarely broke through to wider audience prior to 1989s sex, lies, and videotape. At the same time, the credit crunch, falling real estate prices and the slump in stocks are choking access to funding, whether its from traditional friendsandfamily investors orthe filmmakers own resources.People are having harder time getting money at the 500,000 1 million level than they were year ago, said Jeff Dowd, movie consultant who has arranged buyers for films including The Blair Witch Project. Boxoffice leader Time Warner Inc.
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