Today’s announcement that Universal Pictures would finance Vigilandia, a film by Paranormal Activity producer Jason Blum and the Platinum Dunes partners Michael Bay, Brad Fuller and Andrew Form, is worth reconsidering on a philosophical level. Universal, which has spent boatloads of money on films like Battleship, is funding a movie that will cost a couple million dollars. For that, they’ve got Ethan Hawke, and the expertise of Blum and Bay, the director of the megabudget Transformers films. Something is happening here; studios are re-thinking the idea of overspending on risky projects (Warner Bros just unplugged Arthur & Lancelot and Akira) when audiences are turning out for films like The Devil Inside. That no-budget film, acquired by Paramount’s new Insurge division, got about the worst reviews since Plan 9 From Outer Space, and still out-grossed movies made for signficantly more money. This could make a tightening marketplace even tighter, if these found footage no-cost films continue to break the bank. While the Paranormal Activity films and Insidious have been highly profitable crowd pleasers, if studios refocus their attention on these down and dirty films, don’t expect the quality of movie making to get any better in 2012 than it was last year.
Will Micro-Budget Films Like 'The Devil Inside' Change The Economics Of Studio Moviemaking?
What's Hot on Deadline
'Revenge' Ratings Leap After Cancellation, 'Secrets & Lies', 'Last Man On Earth' & 'Madam Secretary' Finales Even
Latest Film News
- ‘Monster Trucks’ From Paramount Pushed For The Second Time, Now Out of 2015
- Spider-Man Movie: Sony & Marvel Spin Web Of Directors For New Franchise
- UFO Tale ‘The Phoenix Incident’ Lands At XLrator
- Horror Sniper Pic ‘Carnage Park’ Sets Its Sight On Four Leads – Cannes
- Walden, Montecito Scare Up Deal For Joe Ballarini’s ‘A Babysitter’s Guide To Monsters’
- ‘Terminator Genisys’ Byung-hun Lee Joins ‘Magnificent Seven’ For MGM