The stupendous success of Danny Boyle's "Slumdog Millionaire" is unlikely to be repeated, say insiders. The ongoing credit crisis has hit independent film companies very hard, as 59 such companies have wrapped up in the last 18 months, while others are struggling for funds. The report issued by PricewaterhouseCoopers, indie companies like Lucky 7, which made the movie Modigliani about 
life in the Italian artist and Palm Tree UK, behind the feature film Lost in Landscape and Winter Warrior, has gone bankrupt. The company Storm Rider Films, which had planned to bring out "a British sci-fi film like no other ever produced in England" with CGI effects, called Kaleidoscope Man is also bankrupt. Christian Colson, producer of Slumdog Millionaire, fears that the trend eventually had to leave the United Kingdom drained of creativity "It will be easier to get a 100m U.S. dollar film made of a really good 15m-dollar movie," The Independent quoted him as saying. John Woodward, CEO of the UK Film Council, admitted that the independent film companies "are facing something of a perfect storm." "The debt is mainly financed their films are harder to secure ... and the transition to digital has prompted an increase in piracy - so there is real pressure on traditional fundraising." He added, however, that despite these challenges, the best projects were "still to get funded."
life in the Italian artist and Palm Tree UK, behind the feature film Lost in Landscape and Winter Warrior, has gone bankrupt. The company Storm Rider Films, which had planned to bring out "a British sci-fi film like no other ever produced in England" with CGI effects, called Kaleidoscope Man is also bankrupt. Christian Colson, producer of Slumdog Millionaire, fears that the trend eventually had to leave the United Kingdom drained of creativity "It will be easier to get a 100m U.S. dollar film made of a really good 15m-dollar movie," The Independent quoted him as saying. John Woodward, CEO of the UK Film Council, admitted that the independent film companies "are facing something of a perfect storm." "The debt is mainly financed their films are harder to secure ... and the transition to digital has prompted an increase in piracy - so there is real pressure on traditional fundraising." He added, however, that despite these challenges, the best projects were "still to get funded."For further information visit the: http://www.littleabout.com/news/30788, us-film industry is facing hostile-environment-year-insiders.html
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