Hollywood studio delays movie releases due to economic crisis

The current financial crisis undergoing in Wall Street and Corporate America has begun to impact the entertainment industry, despite the fact that Hollywood typically takes advantage of such hard times to allure frustrated consumers into movie theaters.

Paramount Pictures is shuffling its fall and holiday season release schedule by delaying two star-driven drama movies, probably due to the economic crisis, studio budget woes and market competition, the Los Angeles Times reported Friday.


Film Business, Hollywood, Uncategorized

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