Substantially fewer films will be produced over the next year or two. And a significant portion of the production costs of the reduced slate will be borne by hedge funds and other investment groups.
More Quotes from Peter Bart:
A green-light meeting is when the decision is made finally whether or not to make a given picture.Peter Bart
Universal had hoped that 'Meet Joe Black' would be their big summer picture, and they just couldn't get it ready. So the only picture they had left for summer, basically, was 'Out Of Sight.' That was their big summer picture -- George Clooney picture. It didn't really work very well.
Peter Bart
That's a little too much in the way of product opening on Christmas day, actually. They're going to bump each other off. That's a shame.
Peter Bart
Study the public behavior of top stars and you can detect a keen attentiveness to brand value.
Peter Bart
The green-light decision process today consists of maybe of 30 or 40 people.
Peter Bart
Michael Eisner let it be known last week that he had no intention of leaving the entertainment business once he steps down as CEO of Disney in October.
Peter Bart
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