By eug | eugonline April 4, 2007 at 5:32AM
Buried in yesterday's Variety story about the merger of Celluloid Dreams and Hanway Films is the following insight, noting that the new company -- Dreamachine -- will pull back from foreign language and arthouse "product" (as they call it):
"We can't any more carry these small movies. I feel I'm hurting my distributors by tempting them to go with these festival films, for which there's no economy today," [Hengameh Panahi] said.
That quote immediately jumped out at me and we immediately asked Anthony Kaufman to write a piece exploring a bit further. He spoke with Hengameh Panahi this morning and we expect to publish a story this afternoon...