Update
here.
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Associated Press, 3.3.09
By Ryan Nakashima
LOS ANGELES -- Digital cinema technology is being touted as a way for independent filmmakers to bypass the major studios.
Morristown, N.J.-based Cinedigm Digital Cinema Corp. said Tuesday it had agreed to distribute up to 15 movies from Olympus Pictures LLC through 2015 at a cost below what studios typically demand.
Santa Monica, Calif.-based Olympus agreed to pay for most of the advertising and the cost of digital file transfers, by hard drive or satellite, in exchange for a larger share of the box office gross than is standard industry practice.
.........The first picture to be released under the deal will be "The Narrows," which debuted at the Toronto Film Festival last year. It is expected to be shown in 15 to 20 major U.S. markets in June.
Full article.sent in by Peachybc, thanks!
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***Update at the NaFF website,
2009 Official Selections The Narrows, directed by François Velle
USA, 2008, 106 minutes – Tennessee Premiere
Kevin Zegers, Sophia Bush, Vincent D’Onofrio
Ami Armstrong, Kevin Zegers in attendance