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| Wall Street is in a dangerous place, and the government doesn't seem entirely sure what to do about it. SHOULD YOU CARE? YES. Quite aside from what's happening to your own portfolio, the ongoing U.S. economic meltdown may have a direct impact on Hollywood, as well. So far, the signs aren't pointing to complete crisis — studios are still finding big-money financing, as evidenced by recent dealmaking. Just yesterday, Universal Pictures and Relativity Media increased their co-financing deal from $1 billion to nearly $3 billion, according to Reuters, following on J.P. Morgan's $700 debt-financing deal lasty week to help fund a joint venture between India's Reliance Group and DreamWorks. The conventional wisdom is that Hollywood box-office, at least, isn't affected by recessions, but The Wall Street Journal recently suggested (citing research by L.A. firm Interpret) that could be changing as a broader array of home-entertainment options is available to cash-strapped consumers. Don't touch that dial — could hard times be a boon to plain old network TV programming? |
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This dazzling Bollywood pastiche stars Natalie Portman in an affectionate send-up of old-school Indian melodrama. It's directed by L.A.-based directorial trio Skinny — David Hache, Dori Oskowitz, and Marc-Edouard Leon. For more on Skinny, visit http://skinnydirectors.com/SKINNY WEB/SKINNY DIRECTORS.html. |
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