Cannes feels the big chill

May 21, 2008 Theatrical grosses have dropped, there's been a glut of product, and then came the closing of Warners' specialty divisions. The result, insiders say, is because specialty divisions can afford only so many costly in-house productions, there will be fewer overall indie releases during the coming year. For the sellers, producers and filmmakers who rely on fests and had been enjoying the boom that preceded the current bust, it will mean adjusting both expectations and strategies at future fests.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.