Word: ministudio
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...tightening market for indie films, Fox Searchlight is that rare ministudio that's on a roll, with breakout hits like Little Miss Sunshine and Juno. Searchlight president Peter Rice saw the magic the movie had on its viewers: "It's like they've discovered such a unique experience, they immediately want to share it with other people." Late-summer screenings at the Telluride and Toronto film festivals got a rapturous response, and Searchlight quickly pegged it as a November release, with eyes on critics' awards and the Oscars. (Warner retains a share of revenues.) It all worked perfectly...
...that, of course, is good for movie fans. Mark Cuban, founder of Broadcast.Com, which was recently absorbed by Yahoo, predicts that the business of film on the Net will take off precisely because it offers content unavailable elsewhere. Broadcast.Com, which has signed a deal with ministudio Trimark to produce original films for the Net, has a library of some 13,000 hours of feature films, TV shows and documentaries. But Cuban says his company will take a bite directly out of distributors rather than the studios. "Blockbuster should be afraid," he says. "Not this year or next year, but three...
...filmmaker: his shrewd skill in reinvesting his profits (among other things, he owns Industrial Light & Magic, the premier special-effects house, and LucasArts, one of the nation's top four cd-rom makers) has enabled him to become sole owner of what is essentially his own ministudio. "I think what drives him as a businessman is control," says McCallum. "Control over his work. That's primary...
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