2008 Cannes film market morose

0 Comments | AFP, May, 2008

CANNES, France (AFP) — Business at Cannes' billion-dollar market was morose this year, dampened by too many films on offer and a grim global economic climate, organisers said.

Participation in the world's largest film market saw a slight increase, on the other hand, with new countries jetting in for the 10-day spree of buying and selling.

"The feedback we have is that activity this year overall was morose," the head of the Cannes Film Market, Jerome Paillard, told AFP.

One factor depressing business was "the massive number of films on offer," Paillard noted, as this "made it even more difficult (for films) to find buyers."

More than 5,600 films either completed or still in production were up for grabs this year at Cannes: around 20 percent more than...