Why Studios Don't Pay to Make Movies Anymore (Analysis)
Fewer films, farmed-out risk, less cachet -- why Hollywood now operates under dramatically different rules.
Chairman Adam Fogelson points to the studio’s Oscar hopeful Les Miserables as an example of a film “not designed to sell toys” that was made for a responsible price (about $61 million). Universal’s financial partnership with Elliott Management (formerly Relativity) ends in 2013, and the studio is looking for a replacement. And an agent gripes that “it’s hard to judge that studio until [owner Comcast] either backs this team or gets someone else.”
Next page: Warner Bros.