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Independent Filmmaking and Digital Convergence by Vladan Nikolic

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4A New Paradigm

By 2008, the financial crisis, along with other factors, had a significant impact on mainstream independent film production. Many banks started to pull out of film financing, and DVD sales and rentals started shrinking due to online streaming and piracy. The market became much more volatile and unpredictable. Foreign sales for US independent films evaporated as well, since foreign markets re-focused on purchasing local product and Hollywood movies.

Independent producers and distributors struggled as their financing models largely disappeared. For the most part, the studio conglomerates closed their specialty divisions and fully dedicated themselves to blockbuster franchise movies and TV entertainment. While the international marketplace ...

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