Say goodbye to big screen classics
By Jaime Weinman - Thursday, August 6, 2009 - 2 Comments
Not many great old movies are being released on DVD now. It’s partly Joan Collins’ fault.
Though DVD sales are down, current movies are still guaranteed a DVD release. But for anything made earlier, collectors may be out of luck. Most of the studios have trimmed their schedule of classic movies on DVD to almost nothing; 20th Century Fox recently eliminated its Fox Classics website after cancelling plans for unreleased classics like A Tree Grows In Brooklyn. Even the prestigious Criterion Collection has cut back the number of classic foreign movies it releases, and brought out a much-derided current film, The Curious Case of Benjamin Button, to make extra money. George Feltenstein, a senior vice-president at Warner Home Video (which still has some classics scheduled), says that “most of the studios have pretty much said ‘Screw it, we’re out of here, we’re not going to do this.’ ”
Even before the recession, studios had to cut back due to the closing of many retail chains that used to stock their products; Feltenstein says, “If the economy of the world had not deteriorated, our release schedule would still be less than it was.” But older movies are particularly vulnerable because the cost of restoration is growing, and their fan base is shrinking. It used to be that TV broadcasting built a market for old movies; Humphrey Bogart became a cult figure after his death, thanks to TV. But today, the only station that shows old films is Turner Classic Movies. And DVDs can’t sell based on the purchasing power of TCM viewers alone. Continue…
