Home > Article > Hollywood balks at big-budget movies as DVDs drop – Yahoo! News

Hollywood balks at big-budget movies as DVDs drop – Yahoo! News

Cover of "The Dark Tower (The Dark Tower,...

Cover of The Dark Tower (The Dark Tower, Book 7)

LOS ANGELES APHollywood — long considered the land of excess — is becoming more cost-conscious, as movie executives rethink what they’re willing to pay to make a blockbuster.

After years of beefing up budgets to meet audience expectations, movie studios are cutting back and canceling projects that are too costly. Half-baked, expensive movie ideas that would have received approval a few years ago are now under scrutiny. For movies that are made, producers have to settle for toned-down special effects, cheaper actors and fewer locations for shoots.

In the past five years, major studios have trimmed the annual number of films they release by nearly a third to cut costs and avoid having big movies compete head-to-head on opening weekends.

In July, two major projects were stopped mid-stream because of budget pressures. The Walt Disney Co. halted “The Lone Ranger,” starring Johnny Depp, even though sets were already half-built in New Mexico. Universal pulled out of “The Dark Tower,” a three-movie, two-TV-series colossus based on books by Stephen King.

via Hollywood balks at big-budget movies as DVDs drop – Yahoo! News.

Strange Random Budget Quote:

“Some couples go over their budgets very carefully every month. Others just go over them.” – Katherine Mansfield (New Zealand Writer, 1888-1923)

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