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Old 09-25-2008, 07:09 PM
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Default Economy vs Star Trek

Okay, I'll first admit that this may be a dumb question, being obvious that I'm not an economist.

Still the same, if I understand the current economy crisis correctly: If our "fearless leaders that be" don't reach a deal soon, then we could end up in a recession or worse--soon, and that this could mean disaster for publicly traded businesses. I assume this would include Paramount, and this concerns me as I remember recent talks about Paramount Pictures and a credit crunch after Deutsche Bank closed its film financing unit which thereby resulted in a fallen deal that was supposed to pay for 30 films. I don't know if this reflects the health of Paramount's financial security in itself, but here's my question below:

If there is no deal reached and things go south in a hurry, what will that do to movie studios? How will that effect Paramount, and how would that effect expected movie releases including Star Trek? Could it have any effect on Star Trek?
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Old 09-25-2008, 09:55 PM
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There are a few media articles about that, and that question was in fact raised on another thread. However the upshot is that Star Trek has been financed and has been completed (or will be very soon per talk) and will be released. A lot of it was to do with financing future projects. I suppose the only possibility in an economic downturn is that people will cut out some things like cinema trips etc to pay the important bills first. That might affect cinema attendances if it isn't alleviated.
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Old 09-26-2008, 02:08 AM
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I think Trek will be safe, as Kevin said, it's well on it's way to being done.
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Old 09-26-2008, 03:14 AM
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Agreed. If Its REALLY Good, Paramount could have some money back!
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Old 09-26-2008, 03:46 AM
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Quote:
Originally Posted by tomcatjosh View Post
Agreed. If Its REALLY Good, Paramount could have some money back!
For sure!
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Old 09-26-2008, 07:22 AM
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Surely if all us trekkies unite we could pool 700 billion dollars to pull the economy together and guarantee this films success.
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Old 09-26-2008, 07:45 AM
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How many Trekies live the US? Whats the aver cost of Movie Tickets in the US and how much of that ticket actually is profit?
Calculate that and you can figure how many times we would all need to go to the movie to help out our nation/world.
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Old 09-26-2008, 07:54 AM
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Quote:
Originally Posted by Jed Starkiller View Post
How many Trekies live the US? Whats the aver cost of Movie Tickets in the US and how much of that ticket actually is profit?
Calculate that and you can figure how many times we would all need to go to the movie to help out our nation/world.
Can see that discussion ow...

"But I need to see it 12 times honey, it'll help the economy!!'
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Old 09-26-2008, 08:00 AM
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But of course.
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Old 09-26-2008, 09:00 AM
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Spockette, the question you raised about Deutsche Bank closing their film investment unit has no direct bearing on Paramount -- DB simply isn't interested in investing in film production right now. Paramount was actually the one to say no to the deal in the works with DB, and it was after that DB halted their movie investing.

Studios like Paramount partner up with all variations of investors to fund certain films, or blocks of films, and one deal has no effect beyond those projects included in a specific deal.

So DB's deal doesn't harm Paramount in any way, it's just one less investor they can work with to co-fund films.

As for a bad economy's impact on movies -- even in the Great Depression, people still sought out movies as entertainment. Also, in such economic slumps, people tend to stay home, not travel, take vacations, so they usually seek out 'cheaper' entertainment locally... including movies. Not that movie prices are cheap nowadays, but inexpensive compared to many other activities. I think people will be showing up next May!
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