Slumdog Millionaire firm given only 60pc chance to survive recession

March 7th, 2009 - 5:53 pm ICT by ANI  

London, March 7 (ANI): The company that financed low-budgeted but millions grossing film Slumdog Millionaire may fall victim to recession which could jeopardise similar films in future, according to a senior member of the business.

As per Sue Bruce-Smith, Film4′’s head of commercial development, the corporation was thriving on a 60 per cent chance of making it through against the global economic crunch.

Sue revealed that if Film4 succumbed to the crisis, then that may put an end to flicks such as Danny Boyles Slumdog Millionaire that has allegedly raked in 200 millions dollars so far, along with bagging eight Oscars.

Sue further expressed concern over the fate of the firm, which had dipped its budget up to 20 per cent after being hit by the slump.

“I think there is a 60/40 chance we will still be around but we need everybody’’s support to make sure it’’s a better chance than that,” Sky News quoted her as saying.

“The concern is if you don”t have those people working at the edges, people prepared to take those risks, who are able to give UK talent the freedom to experiment, you end up with frankly generic, formulaic films trying desperately and not necessarily succeeding to make bucks,” she said.

John Woodward, from the UK Film Council, further added to the predictions of a tough year ahead.

He said: “This year is very much a game of two halves.

“If you are working at the big studio based films, the Harry Potters of this world, you are looking to a good year due to the exchange rate, tax breaks, the skills of British people employed making films.

“I think that side will be pretty good.

“The other side of the coin is independently financed films and I think they are going to have a much tougher year.” (ANI)

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Entertainment |