Wednesday, April 22, 2009

Lack of Movie Production Has Hollywood Scrounging

By Lauren Horwitch | The Wrap | April 22, 2009

Not even a booming box office can offset the lack of new investors, the worldwide credit crunch and a suffering DVD and foreign sales market.


The slowdown hasn’t stopped Michigan and Louisiana from building multi-million-dollar production facilities. Producer Jimmy Lifton *announced plans last week to build a $146-million, 750,000-square foot production studio factory and village in Allen Park, Mich.

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