Hollywood Pushing Out Indies In Foreign Markets

The indie films and B-movie flicks that once constituted the bulk of the American presence at foreign theaters are rapidly being replaced by big-name Hollywood movies. “As [DVD] sales have been replacing video rentals, globe-spanning media conglomerates have begun using ‘specialty’ film wings like Disney’s Miramax, Sony’s Screen Gems, News Corporation’s Fox Searchlight and Warner Independent Pictures to fill the demand of foreign markets with their own products, leaving less room both for independent sellers and for the small local distributors.”

Source: The New York Times - 11/06/04