Economic Fallout Goes to Hollywood

Looks like the money crunch is hitting everyone. Even Hollywood.

Latino Review says:

Disney took advantage of the seasonal news lull last week to quietly slip out news that it has decided to withdraw from producing The Voyage of the Dawn Treader, the next in the Chronicles of Narnia series of films based on the children’s books by C S Lewis.

Blaming “budgetary considerations” for its decision, the studio said it would not renew an option to co-finance the $200m (£137m) movie because the worsening economic climate has forced it to become more selective about the number of films it produces.

I had thought that Prince Caspian did well enough, but maybe not so great to throw money at another one. Especially with the green turning a lighter tone lately.

The article even says that Harry Potter is not immune to the slashing of movies. Apparently with JK Rowling not driving the rabid fanbase in anticipation of the next book, the studios are worried that profits will slim.

I think it would be a shame for ongoing series with existing source material to draw from to be cut short. I hope Harry Potter gets its full run.

And to think that they would be hesitant to make sequels in fear of losing money and instead we are letting them pour money into Meet the Spartans. Know why? Because they make money.

ITS YOUR FAULT!! You people who go see dumb spoof movies are killing the movie economy!!

Watch Responsibly.

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