Steven Soderbergh gave the keynote speech at the 56th San Francisco International Film Festival, where he talked about how, sadly, it’s tough to get a movie made unless it’s easy to sell to a wide audience across the world. In other words, the movies must have a lot of action that can translate in any language.
Soderbergh said it’s hard to get a movie made or sold that has some ambiguity to it. What stood out though was how knowledgeable Soderbergh was about the finances behind movies, and how they are transparent, as opposed to what Wall Street might try to sell you – like mortgage backed securities:
So, according to Mr. Nathanson, the studios are successfully cutting costs, the decline in home videos have plateaued, and the international box office, which used to be 50% of revenue is now 70%. With one exception in that all the stock prices of all the companies that own these studios are up. It would appear that all these companies are flush. So maybe nothing’s wrong, and I’ve got to tell you, this is the only arena in history in which trickle-down economics actually works, because when a studio is flush, they spend more money to make more money, because their stock price is all about market share. And you know, there’s no other business that’s this big, that’s actually this financially transparent. You have a situation here in which there is an objective economic value given to an asset. It’s not like that derivatives mortgage bullshit that just brought the world to its knees, you can’t say a movie made more money than it actually made, and internally, you can’t say that you didn’t spend what you spent on it. It’s contractual that you have to make these numbers available. (Deadline)
Read the full article/rant, it’s quite brilliant. More than anything, it shows you just how much Soderbergh loves the movies/cinema.
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