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Sunday, December 13, 2009

Paramount Studios wants in on Microbudge Movies


Variety
announced Paramount Studios is launching an effort to spend $1 million annually to develop and produce microbudget films due to the success of "Paranormal Activity." The goal is to have between 10 to 20 projects budgeted at no more than $100,000 each targeting unknown and established filmmakers. Paramount Film Group's Adam Goodman is the proponent for the initiative. Union affiliations and theatrical release issues were not mentioned.

posted by Finndependent.com at

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