The slashing of marketing budgets by big spenders on Madison Avenue already has hit Hollywood pretty hard. But the biz should brace itself to feel the brunt of reduced spending this year.
Not everybody is so happy with the "Slumdog Millionaire" Oscar-win. Take director Edward Zwick who had his own movie "Defiance" last year. He says "Slumdog" marks a sea change for the movie biz.
"IT'S A grand and glorious feeling. But I'll be wearing the same size hat tomorrow," said Clark Gable after winning an Oscar back in 1939.
"Slumdog Millionaire" stands to reveal just how global the Oscars have become as it tries to spin its wins into increased ticket sales worldwide.
U.K. shingle Wall to Wall and helmer James Marsh ("Man on Wire") are collaborating on another project.
ABC, the Academy and first-time Oscar producers Laurence Mark and Bill Condon can take a deep breath: The words "record" and "low" will not be used to describe this year's ratings.
Thirteen months after his death from an accidental overdose, Heath Ledger won the supporting actor Oscar for his performance as the Joker in "The Dark Knight."
Sean Penn won his second Oscar in five nominations for "Milk" and Kate Winslet took home her first in six for "The Reader" at Sunday's Academy Awards.
"Slumdog Millionaire" capped its winning streak with Hollywood's top prize.
Best picture winner "Slumdog Millionaire" is the ultimate independent film, proving a bonanza for foreign distributors who gambled on the project even when "Slumdog's" domestic release was in doubt.
Among those less than enthused with the changes to this year's Oscarcast were the red carpet photographers.