L.A. Times Columnist, Patrick Goldstein Slams the Mad Race to win Oscars

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Los Angeles Times writer, Patrick Goldstein, has written a scathing article about the how the film industry’s obsession with chasing Oscar glory has created an insupportable financial model for quality films and quality filmmakers.

The article points out that when a film can’t get early traction in the Oscar race, it quickly drops in box office returns.  As well, a number of smaller companies, most notebaly Picturehouse, Warner Independent Pictures, Paramount Vantage, ThinkFilm and Sidney Kimmel Entertainment–have either gone out of business or suffered huge losses largely because they wildly overspent on Oscar campaigns or made films that couldn’t compete in the overheated Oscar marketplace.

You can read the entire article here:

http://latimesblogs.latimes.com/the_big_picture/2008/10/the-bitter-trut.html