Indies Look to Electronic Delivery for Survival
The good news for indie and international movie sellers is that there are fewer movies in the global marketplace, ticket sales are up worldwide and emerging electronic platforms promise improved profit margins.
Patrick Russo of the Salter Group blames the global recession that started in 2008 for an overall decline in consumer spending.
Harvey Weinstein, co-chairman of the Weinstein Co. said that the future of the indie sector probably depends on selling a lot more movies on the iPad, on mobile phones and though other emerging media like Google TV, Apple TV and Netflix that offer new opportunities.
Panelist Joseph Cohen, an industry veteran who now runs American Entertainment Investors, said while electronic platforms hold promise, they aren’t going to be a quick fix for indies.