Indie boxoffice down 12% in 2007

Number of releases up, but fewer earn big paydays

These are sobering times for the independent film industry. Boxoffice revenue for films from indie distributors and specialty divisions dropped 11.9% from $1.32 billion in 2006 to $1.16 billion in 2007, while the number of indies in theaters increased from 501 to 530.

Even more disturbing, only 16 of the films grossed more than $20 million (nearly half of them by a slim margin), down from 20 in 2006.

The biggest story of 2007 might be that 350 indie films -- two-thirds of the list -- failed to reach even $250,000 in ticket sales, an increase from 313 in 2006. All this at a time when overall 2007 domestic boxoffice hit a record high of $9.62 billion, a 5% increase from 2006, according to Nielsen EDI. Read more

Indie distributor boxoffice wraps:
Focus Features
Fox Searchlight
Paramount Vantage
Sony Pictures Classics
Warner Independent Pictures
The Weinstein Co.
Yari Film Group
Other distributors