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Funding for Independent Films Dries Up

We need government help, say small-budget movie-makers

By Nick McMaster,  Newser Staff

Posted Nov 4, 2009 5:03 PM CST

(Newser) – With no public funding and credit lines frozen, American independent filmmakers are finding it tough to make a movie these days. “I mean if Osama bin Laden gave me money to film, I’d take it,” Todd Solondz tells Bloomberg. The financial crisis has heavily curbed bank financing, while hedge funds have almost completely abandoned the film industry. The two sources previously accounted for about 60% of funding.

American directors lament that their European counterparts can get government support to cover nearly half their budgets, especially if they film in more than one country. Many states offer generous tax breaks, but no cash up front. As a result, US film production has fallen 26% since 2005 to 520 films, while European production rose 9% over the same period 1,145. “It’s a political understanding in Europe that film is a cultural product and needs public support," says one German producer.

U.S. director Todd Solondz .
U.S. director Todd Solondz .   (AP Photo/Andrew Medichini)
In this film publicity image released by Summit Entertainment,Jeremy Renner is shown in a scene from The Hurt Locker.
In this film publicity image released by Summit Entertainment,Jeremy Renner is shown in a scene from "The Hurt Locker."   (AP Photo/Summit Entertainment)
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We need to have some kind of government funding. In America, independent film is almost a dying art.
- Tina Mabry, director

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COMMENTS
Showing 3 of 13 comments
RCAnder
Nov 7, 2009 12:36 PM CST
Can we all agree that thudson is making no sense and is just a over-informed imbecile?
RCAnder
Nov 7, 2009 12:31 PM CST
Well a lot of these guys (ahem...Michael Moore) don't deserve to be making films anyway...
Doctor-Zaius
Nov 5, 2009 7:30 AM CST
then they wouldn't be independent now would they..

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