Tuesday, January 13, 2009

Economic meltdown a hot topic in Hollywood

LOS ANGELES (Hollywood Reporter) – Global banks sit in crisis. Mortgage-holders sit in default. Bernie Madoff sits in his apartment. And Hollywood wonders whether it might be sitting on a storytelling goldmine.

A host of film projects in the indie and studio worlds are gaining momentum just as the biggest economic crisis in decades boils over. From giant studios to startups you've never heard of, from name-brand directors to up-and-comers, there's something swimming in development waters, and it's a story of economic woe.

"I wouldn't say it's a feeding frenzy just yet," one agent said. "But some development people I've talked to have let it be known that, if you do have these ideas, they will rise to the top of the pile."

Unlike the television world, where plot elements can go from conception to the screen in a matter of months -- shows including "Ugly Betty" and "Desperate Housewives" have added recession story lines in recent episodes -- the film world takes much longer to see stories through.

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