A New Entry Stakes Out Low-Budget Film

June 18, 2009

Source: New York Times

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A group of entertainment professionals has established a new motion picture company that will finance and distribute up to 12 low-budget movies a year.

Many studios dedicated to independent movies have been closed (Picturehouse) or exist more in name than in function (Miramax). Production and advertising costs continue to climb, financing is virtually impossible to secure and the recession has severely reduced DVD revenue, once a safety net for specialized film.

DF Indie Studios, a venture to be based in New York and set to be introduced on Monday, will focus on films with budgets of up to $10 million, according to Mary E. Dickinson, chief executive of the venture, and Charlene Fisher, its president.

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