One of our European readers sent us a link to ZML.com, a movie download site based in Russia. ZML has been around for a few years, stirring up lots of chatter about how cheap downloads are a stockyard blow to Hollywood’s home entertainment cash cow.
As we understand it, outsourcing jobs to cheap labor markets overseas is good for the economy because it drives down the price of consumer goods. But it’s bad for the economy when consumers outsource their purchases to cheap retailers overseas.
Nonetheless, a real sea change among the larger studios is beginning to look inevitable.
Francis Ford Coppola, said at the Beirut Film Festival last year that he expected some of the studios would go out of business.
"The cinema as we know it," Coppola said,
"is falling apart."
"The cinema as we know it," Coppola said, "is falling apart."
If you’re like us, you found the most striking thing about that statement is that there’s a film festival in Beirut.