For Hollywood Producers, Is the Glamour Gone? … THE NEW YORK TIMES

…Other success stories include Basil Iwanyk (he hit it big with the recent remake of “Clash of the Titans,” which has made over $463 million at the global box office, and is prepping a sequel) and Judy Cairo and Michael A. Simpson, the producer team largely responsible for the awards-season darling “Crazy Heart.” Mr. Simpson said one secret to surviving the current business climate was to adopt new ways of financing and distributing pictures — including tweaking the order in which various tiers of investors get paid and embracing streaming and video-on-demand services.

“Some of the most experienced studio producers don’t understand” the new environment,
he said by e-mail: “They often have the greatest difficulty adjusting.”

Read the full article at THE NEW YORK TIMES

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