The statement suggests that there will be a noticeable decrease in film production over the next year or two due to economic constraints. This reduction will lead to a shift in funding, with hedge funds and other investment groups taking on a larger share of the financial burden for the films that are produced.
This quote carries significant implications about the future of the film industry. It indicates that while fewer movies will be made, those that do get produced may see their budgets supported by different kinds of investors who prioritize returns over artistic or creative considerations. This shift could result in a more conservative approach to filmmaking, with an emphasis on projects that are less risky and more likely to attract these new types of financial backers. As the industry adapts to this economic reality, it is possible that we might see changes not just in the number of films produced but also in their content and style.
Peter Bart, a well-known figure in the entertainment industry, made this statement. With over four decades of experience, Bart has been influential as an editor at Variety, contributing to discussions about Hollywood trends and business practices for many years. His insights are often regarded with respect due to his extensive background and deep understanding of the film industry's inner workings.
