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...although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
...you’re a “Mad Men” devotee prone to eating your feelings of sadness about this season’s end, look no further than Sweet Cupcake’s Season Finale promotion! Throughout the day today, Sweet will be offering cupcakes with various Mad Men related images plastered on top of their otherwise normal cupcakes...
...just as rough on the back end. Small distributors like ThinkFilm, which released the popular documentaries The Aristocrats, Born into Brothels and Murderball, are struggling, while financially stronger studios - the Hollywood heavies - are scaling back. Just two years ago, each of the six major studios had at least one specialty film division that bought indie films at events like the Toronto International (TIFF) and Sundance festivals, arranged for them to be shown at movie theaters and marketed them to the public. Today only Twentieth Century Fox, Sony and Universal still have specialty divisions - Disney does, too, but in name only...
While Toronto festival co-director Cameron Bailey is optimistic that by year's end money spent to acquire 2009 TIFF films will be comparable to that of prior years, others say he's dreaming. "Usually there would be one film that came close to a double-digit million-dollar sale, if not hitting that," says Ted Hope, a 20-year veteran indie-film producer whose credits include 21 Grams and The Ice Storm. "Then you would have four or five films in that $4-to-$6 million range and four to seven films in that $1-to-$3 million range...
...will the indie-film shakeout ultimately play out? Given falling revenue, poor economics and a dearth of new indie projects, financial investors will likely limit commitments to commercially viable films - those offering strong potential for ancillary sales in video games and merchandise. That means more projects directed at the end market for those products - teens. But for hard-core indie investors, those who love taking risks on creative projects and look to hedge their bets by investing across many films, that game is over for now. And indie fans will soon feel...