Lionsgate Goes for Microbudget Movies

by Milos Itic on March 30, 2011

Lionsgate announced that it would in future be making microbudget movies, in the $2 million and below range, with the first three on deck to be comedies and thrillers. Joe Drake, president of the studio’s motion picture group said, “Microbudget films involve minimal overhead and very little risk, but a potentially high reward.  This initiative allows us to add another layer to our slate of movies that work both financially and creatively.” That’s fine, but these days microbudgets are usually way under $2 million.

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