Cannes gloom and doom: The inside story
Covering a film festival is a lot less glamorous than it sounds. You're up all night, running from screenings to interviews and press conferences to noisy parties that you can't really enjoy because you're trying to get the scoop on what film bombed that afternoon or which specialty division put in a new offer on the movie that got a standing ovation early that evening--and of course, you still have to carve out a few hours to actually write your stories. The first time I covered the Toronto Film Festival I almost passed out walking back to my hotel before realizing that I was dizzy largely because I'd forgotten to eat all day.
Our intrepid Calendar reporter John Horn just returned from Cannes, a little worse for the wear, but with just enough juice left in his engine to answer a few questions about the festival, which was something of a downer for indy movie sales, with very few deals being made--and nearly all of them for much less money than in years past. John's story about an increasingly unreceptive market for indy movies had some great nuggets, notably the startling observation that Paramount Vantage--which had a piece of "There Will Be Blood" and "No Country For Old Men," two awards season standbys--has yet to make a profit.
Here's a little Q&A we had about Vantage's stormy response to his story and a look at the Cannes gloom and doom situation: