Will Minneapolis Lose Its Best Art House Cinema?

For years, the perennially cash-strapped Oak Street Cinema has presented the most innovative and unexpected lineup of films available in Minneapolis, fighting to stay afloat with little to no money for advertising, modern projection equipment, or even, sometimes, heat. Despite all the challenges, Oak Street “has been racking up surprising attendance figures in recent months… Yet the future of the 91-year-old theater has never been chillier.”

Hollywood’s Record Year

Hollywood took in a record $25.8 billion in worldwide ticket sales in 2006. “Global sales rose 11 percent from $23.3 billion on a U.S. rebound from a decline in 2005 and because of gains in Russia, Germany, France and Brazil. Sales last year were bolstered by a larger number of films and higher ticket prices. Studios, including small, independent filmmakers, released 599 new movies, up from 535 in 2005.”

Foreign Storm – But Is Hollywood Ready?

This would seem to be the best of times for foreign movie makers in Hollywood. But “while Hollywood history is full of outsider success stories, from Ernst Lubitsch and Billy Wilder to Ang Lee and Alfonso Cuarón, it is also littered with failures and flame-outs, though the disasters rarely get as much attention as the triumphs. In fact, a number of gifted foreign directors have struggled trying to make the transition to Hollywood.”

Movie Theatres Go To On-Demand?

Plans are underway to allow movie theatres in America to download their movies from the internet. “The process, still in the early stages of development, would use satellite and broadband delivery systems to beam digital films directly to theaters, rather than have them copied onto hard drives and delivered by hand, as for the most part they are now.”

Radio Companies Must Pay FCC Over Payola

“Documents revealed that stations received payments for playing songs by top recording artists such as Jennifer Lopez, John Mayer, Jessica Simpson, Maroon 5 and Franz Ferdinand. Clear Channel Communications Inc., CBS Radio Inc., Entercom Communications Corp. and Citadel Broadcasting Corp. have agreed to pay the broadcast regulator a total of $12.5 million US and provide 8,400 half-hour segments of free airtime earmarked specifically for independent record labels and local artists.”

Hollywood – Tougher To Reinvent Than You’d Think

“When he arrived in Hollywood from Europe a year and a half ago, the French-born Philippe Martinez said he would revolutionize independent film. With a purported war chest of $200 million, he pledged not only to finance but also distribute a slate of filmmaker-driven movies. While studio-owned specialty film labels were succumbing to bottom-line calculations, Martinez said his company would be driven by a love of cinema.”