{"id":9084,"date":"2008-11-10T00:00:00","date_gmt":"2008-11-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"crunch-halts-production-of-independent-films","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/crunch-halts-production-of-independent-films.html","title":{"rendered":"Crunch halts production of independent films"},"content":{"rendered":"<p>Chicago Tribune &#8211; The credit crunch and global economic recession have squeezed many independent filmmakers, who were already struggling from a glut of films and a shortage of funds even before the global economy went into a tailspin last month.<\/p>\n<p>While the major studios have long-term deals in place to co-finance their movies, independent producers aren&#8217;t nearly as fortunate. Most of them do not have easy access to capital and instead must cobble together a patchwork of financing to make one film at a time. That patchwork has become frayed as lenders cool on making loans to filmmakers and foreign buyers grapple with access to credit and depressed currencies.<\/p>\n<p>&quot;The entire ability of independent filmmakers to finance their films has been shaken dramatically,&quot; said Mark Damon, chief executive of Foresight Unlimited, a Los Angeles film production company, who produced the 2003 drama &quot;Monster.&quot; <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.chicagotribune.com\/business\/chi-mon-independent-films-nov10,0,4490191.story\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago Tribune &#8211; The credit crunch and global economic recession have squeezed many independent filmmakers, who were already struggling from a glut of films and a shortage of funds even before the global economy went into a tailspin last month. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[87,75,502,1670,243,1529,3639,948,2485],"class_list":["post-9084","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-angela-merkel","tag-bear-stearns","tag-expectation","tag-john-taylor","tag-percent-stake","tag-quarterly-survey","tag-selig","tag-subsidiaries","tag-unions"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9084"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9084\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}