Who says the movies are recession-proof? A lot of people, actually, yet for every record-breaking opening weekend while the economy is in the shitter, a small film studio, distributor or film festival is likely still hurting financially. Maybe even going bankrupt.

Today movie lovers are saddened by the financial woes experienced by two very different film-based institutions. CineVegas, a favorite film festival of Spout’s Karina Longworth, announced it will be taking a year off due to the current economy. Meanwhile, MGM is also in a desperate situation, though not necessarily due to the recession, and that could mean future Hobbit and James Bond films are also at least temporarily in jeopardy.

I’m not as concerned for those film franchises as I am for Leo the Lion, beloved MGM mascot and monumental film icon. I hope to never have to see the likely punny headlines referencing a certain Tokens song if the lion is forever put to sleep. As for CineVegas, I’ve never even been to the Sin City event, so I can’t speak firsthand to what a loss this is for the 2010 film fest circuit. Still, it made me very sad to read the news of its troubles today.

Check out what the film blogs have to say about each of these depressing stories after the jump:
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Early this year we featured a list of franchises in need of a genre change. The Rambo series was not one of the five selected, but apparently Sylvester Stallone thinks it’s a good idea to take a turn into sci-fi for the fifth installment of the action franchise. This, after the Indiana Jones series took a disappointing leap into alien territory last year. This, despite the fact Moonraker is one of the worst James Bond films.

The funny thing is, it’s difficult to find a straight up action or action/adventure franchise that doesn’t have sci-fi elements anymore. So wouldn’t it be nice to have these few series remain grounded in reality if they started that way? We think so. That’s why we’re going to beat Hollywood to the punch on a few action franchises that have yet to add aliens, monsters or whatever to their world.

The following five premises are completely ridiculous, and that is the point. Hopefully the series’ respective studios will thereby see that it would be a bad idea to do anything of the sort.
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Julia Child’s life is partially depicted in the new foodie film Julie & Julia, and while it’s as much fun to see Meryl Streep portray the famous chef as it was to watch Dan Aykroyd and Bill Cosby do her back in the day, we can’t help but wish the real Child had lived long enough to star in the film herself. We also wish the whole movie was based on her autobiography, My Life in France, rather than share-adapted from both that book and Julie Powell’s blog-turned-memoir Julie & Julia.

There’s a reason Child was a hugely popular TV personality and there’s a reason why Powell was an Internet writer. Just as you’d rather only watch Sean Penn as Gene Shalit in a movie and not bother with Michael Pitt’s portrayal of lowly film blogger Christopher Campbell, you could probably do without the Amy Adams as Powell stuff in Julie & Julia.

Outside of playing herself as a foodie heroine in a chick flick, what other kinds of movies could Child have acted in? Given her OSS background, we would have loved to see her fill in for Judi Dench in the Bond films as M. Alas, that will never happen, but if our gastronomical dreams come true, perhaps we might see one of the following TV personalities in his or her own blockbuster film someday:
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We’re so amazed by the stellar reviews of Harry Potter and the Half-Blood Prince (if not for Manohla Dargis, Rex Reed and Wesley Morris the top critic score on Rotten Tomatoes would be 100%), that we wondered if it’s the best-received sixth installment of a series ever. And from what we can tell, until some late-come party crashers show up to ruin things, it appears to be nearly true.

Of course, it’s not like there was much competition from past franchises. By the sixth movie most film series are cheap, tired and nearly void of remaining followers. However, there have been a few worthwhile Part 6s, enough to show us that it’s sometimes acceptable for Hollywood to keep going with a film property (even without the excuse and benefit of a popular long-running book series).
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July 4th weekend is typically reserved for huge blockbuster releases, particularly those starring Will Smith and/or showcasing America as a force not to be messed with (against aliens or the British). Very, very rarely does an independent release even bother trying to go up against the studios during the big holiday. For example, the only option for an American indie we have this weekend is IFC’s wrong-holidayed I Hate Valentine’s Day, which is uneventfully the second Nia Vardalos movie in a month. And this year we don’t even have the usual sort of event movie debuting on July 4th weekend. There’s just Public Enemies and Ice Age: Dawn of the Dinosaurs. Boring.

Isn’t it ironic that independent films can’t open on Independence Day? It would make sense for there to be a number of good U.S.-produced indies opening this week, going up against the big guys with their American spirit (including their disregard for broad, worldwide marketability) and evidence of the American Dream come true. Wondering if there have ever been great independents released at this time of year, we took at look at the last 30 years of cinema and found only a few significant titles.

See what little (American) films bucked the 4th of July weekend release system after the jump:
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Are you tired of all the false rumors of celebrity deaths (today it was Rick Astley)? And are you tired of all the jokes that Michael Jackson is really still alive somewhere, hanging out with Tupac, JFK and Elvis? So are we, but we thought we’d take both the obnoxious death hoax trend and the idea that MJ faked it so he could live in peace and out of debt as inspiration for something more worthwhile: a discussion of favorite false deaths in movies.

The device is quite popular, especially in thrillers and horror flicks, and it can be employed as a plot starter or in a twist ending. James Bond has done it, as has Sherlock Holmes. Whether someone fakes his/her own death or is simply mistaken for dead, the actual deed or the ultimate reveal can end up terrific cinema. In fact, it was very difficult for us to narrow our favorites down to ten. It’s a shame we had to leave out memorable scenes from Heathers, Hero and many other movies. Certainly you’ll disagree with some of our exclusions, too, so feel free to name them in the comments section.

Just beware; there may be SPOILERS after the jump:
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The original film of The Taking of Pelham One Two Three was quite representative of New York City in the mid-1970s. Tony Scott’s remake, which opens this weekend, doesn’t have that same sense of space, but even worse than its lack of local relevance is its out-of-date plot, which has John Travolta causing panic on Wall Street in order to make hundreds of millions in a stock scheme. Never mind that the economy is currently in such a state that the terrorist’s plan may be fruitless. Even before the recession this should have seemed antiquated. As David Edelstein writes in New York magazine, “Why would he need to do something so…so…1974 as hijacking a subway train to do what a lot of hedge-fund managers do before breakfast?”

The plot is also tremendously unoriginal, enough to assume Travolta’s character is a huge James Bond fan. But someone familiar with 007 villains, or any other would-be economic terrorists, would have to realize his own scheme would fail. To illustrate why it’s useless to attempt this kind of thing, we present you with ten classic films involving stock market scams, most of which are unsuccessful.
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Just how much money will the new Star Trek movie make? That’s a question a lot of people are asking today, as we enter the reboot’s opening weekend with favorable reviews and a successful Thursday night (estimates show it made $7 million from advance screenings). Here’s how I put it into perspective: the only Trek installment I ever saw in the theater is Star Trek IV: The Voyage Home, which is the only film in the franchise to gross more than $100 million. And now I’m planning to see J.J. Abrams’ movie, at least to see if it’s actually that much better and cooler than the rest of the franchise. And I think there are a lot of other people out there who are just as curious as I am.

That people are predicting this thing to make nearly as much money in its first week as Voyage Home earned in total should be more ridiculous an idea than it is. However, rebooted franchises, like Halloween and Friday the 13th have previously surprised us with relatively huge openings, so it’s not terribly unlikely that Star Trek could gross at least $100 million by Monday morning. Then again, without the appeal of humpback whales and a modern day setting…

Let’s see what the other bloggers have to say after the jump:

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Though the third Fast and the Furious installment, Tokyo Drift, wasn’t a huge box office disappointment with its $63 million domestic gross, it was significantly less successful than its predecessors, The Fast and the Furious ($145 million) and 2 Fast 2 Furious ($127 million). A fourth film would normally see an even bigger drop in box office receipts, but next week’s Fast & Furious has a good chance of actually being the highest-grossing film in the series yet, due to the return of original cast members Paul Walker, Michelle Rodriguez, Jordanna Brewster and, most importantly, Vin Diesel.

With the expectation that Fast & Furious will be enough of a hit to save the franchise, we take a look at ten other films that similarly kept their respective series going, either because of an increase in profits or a surprising increase in quality, following one or many disappointing installments.
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Next week, Vin Diesel returns (along with Paul Walker, Michelle Rodriguez and Jordanna Brewster) to the Fast and the Furious franchise, which he’d abandoned after the first movie (he did have a cameo in part 3). When news first hit that he’d be reprising the role of Dominic Toretto for the fourth installment, simply titled Fast & Furious, most of us saw the actor as returning under a veil of shame. Because he initially departed the series with an inflated ego — and with it unrealistic salary demands — it does seem obvious that Diesel is now only desperately crawling back because his career failed to take off the way he’d hoped it would.

This is quite sad considering not even Steve Guttenberg ever crawled back to the Police Academy movies, nor did Burt Reynolds ever get dragged back for a fourth Smokey and the Bandit. But there have been other shameful returns by stars to franchises they’d previously sat out of (whether the hiatus was of their own choosing or not). Only one of these may have been as desperate as Diesel now appears, but it’s worth looking at four additional actors and actresses who should be very embarrassed of their delayed reprisals.
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Even if you love the original Escape to Witch Mountain, you have to welcome a remake. The 1975 sci-fi Disney film has some very dated special effects — though the visible wires used to “levitate” a handgun and a harmonica give it a campy charm — and it’s not exactly the well-respected classic that The Black Hole or Old Yeller is, anyway. So, better a remake (or “modern re-imagining”) of a slightly beloved movie, which has already been redone once, to give The Rock another fulfillment of his Disney contract and utilize all the “perfect” digital effects now available.

While it seems that eventually all Disney live-action classics will be remade, potentially rendering obsolete the careers of Dean Jones, Kevin Corcoran and those ugly kids from Mary Poppins, there are some that may, like Witch Mountain, deserve to be recycled. Disney has previously erred in reworking films like The Absent-Minded Professor (Robin Williams is no Fred MacMurray) and The Shaggy Dog (Tim Allen is no MacMurray, either, nor even is he Tommy Kirk), and it’s mistakenly producing new versions of Swiss Family Robinson and 20,000 Leauges Under the Sea. But there are so many other films, most forgotten, that would better lend themselves to remakes.

Here we’ve selected 10 such classics, all but one live-action features, and we welcome you to suggest any others you may wish to see updated and/or re-imagined.
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Both are broadly classifiable as science fiction, but Alien is basically a horror flick and Aliens has all the conventions of a war film. That’s a pretty slick transition from one type of movie to another, especially since the switch was so immediate within the series. Most movie franchises don’t play with genre in such a way until they’ve gone through a number of sequels, and even then the series usually just simply takes its characters into outer space, a la Moonraker, Jason X and Leprechaun 4.

Genre jumping isn’t that easy, though, unless a franchise inhabits a whole universe in which to expand through. Like Star Wars, for example. Originally a film series, the Star Wars franchise spread out into novels, which has allowed for dips into the romance genre and now horror. That’s right, an upcoming novel by horror author Joe Schreiber, titled Deathtroopers, takes the Star Wars universe into frightening territory described by Schreiber as “in the vein of The Shining and Alien, with a little dose of William Gibson mixed in.”

So, if Star Wars can venture into the horror genre, what other movie franchises should attempt a genre jump? To toy with the idea, we’ve selected five film series in need of a change and suggested a possible redirection of genre for each.
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• Though five new wide releases open on Christmas, Yes Man is expected to do better in its second weekend because the weather will be better and because it’s still a comedy. Of course, two of those five new films are also comedies. Adam Sandler’s Bedtime Stories is expected to be the champ of the long holiday weekend, with Marley & Me coming in second.
• If you’re not into laughing, however, either during the holidays or during a recession, let Liz Smith guide you to all the depressing films out this season, including that disappointing movie about suicide from the otherwise “great comic star” Will Smith and that marital angst film that will apparently have you never wanting to take on a serious relationship again.
• Clive Owen, who was once thought perfect to play James Bond, has been cast as another international agent in the Colombian drug cartel film Cartagena. I’ve lost count, but this will be at least Owen’s fifth Bond-like role (not counting the look of his character in Croupier).

Now that Quantum of Solace has had some time to sink in, we get to the pressing questions is raises. Sure, it was a quality action movie, but was it spy movie? Where were the gadgets? The new Bond Girl kicked plenty of ass, but where was the deception? We dig into all this and more when we ask: what happened to Bond?

Meghan O’Hara, producer of The IFC Media Project, joins us to talk about the truth behind the news. The show, which is more cinéma vérité than TV news magazine, airs on the IFC channel Tuesdays at 8:00 PM.

Karina checks in before heading off to the Denver Film Festival. We talk about her panel regarding DIY filmmaking, and three titles worth catching at the fest: Intimidad, The Prince of Broadway, and Last Chance Harvey.

(Subscribe to FilmCouch–Spout’s weekly movie podcast–in the iTunes store or to our RSS feed and an episode will download each Friday)

0:00 - Intro

2:38 - Quantum of Solace, what’s a spy movie?

20:14 - Meghan O’Hara of The IFC Media Project

32:59 - Karina on indie film, Denver fest

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