Ultimate Strike Countdown: Trade Roughage 10/31/07

By Karina Longworth posted 10 months ago

It’s t-minus 16 hours until the all-but inevitable WGA strike, but the studios aren’t sweating as much as you might think. According to this story in Variety, the majors and indie arms have been preparing for this all year, and everybody has at least 5 solid scripts that they could put into production without the consultation or aid of a WGA member. Quoth an unnamed “veteran industry player”: “For now, it’s a television strike, not a movie strike.”
Meanwhile, while New York indie players are generally optimistic that the strike will have little immediate negative impact on their productions, there is a fear that if the strike continues through January, it could make for a manic buying season at Sundance. “Because,” says Tom Quinn of Magnolia, “If you can’t fill your slate with enough production titles, you’ve got to go out and get finished films.”
Speaking of buying, the weakened dollar is making it a lot easier for foreign buyers to attend the American Film Market, which gets underway tomorrow in Los Angeles. But the exchange rate is unlikely to spark irrational spending; as one foreign sales guy tells the Hollywood Reporter, “a lot of what’s at the AFM is very bad U.S. product — a lot of bad horror films and such.” That comment was presumably in regards to the finished films in the market; as Gregg Goldstein reports, this year’s market for as-yet-un-produced properties is full of star studded projects.
David Wain is directing Elizabeth Banks, Paul Rudd and Seann William Scott in an untitled comedy about “party-hearty energy-drink salesmen forced into the roles of big brothers to fulfill a community-service obligation who end up bonding with their assigned kids.” Rudd and Wain wrote the script with Wain’s longtime collaborator, Ken Marino.