I will let others investigate further, but allow me to be one of the first to break the sour news, as I often appear to take on the role of killjoy messenger, pessimist that I am: "Unfortunately, due to the recent economy, CineVegas is going on hiatus and canceling the 2010 event," I was just informed via email. "We will keep the name going online and with some local Vegas events, hopefully starting the fest back up in the future."
As a regional film festival with plenty of fans and solid programming, the news does not bode well for the fate of film festivals around the country. Many events have scaled back their number of days; others have cut back in their programming; lavish parties are obviously a thing of the past. But what happens when entire film festivals go AWOL? This isn't just bad news for filmmakers, but also distributors, who need local events to help boost their regional distribution efforts, as well as the cultural life of communities. All I can say is "ouch."