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2008 Review of the Year - Specialty crunch: Reality bites

The talk in the specialty and independent sector right now is all about the importance of discipline and modest scales of economy. The inflated budgets of previous high-profile awards contenders such as Cold Mountain and last year's There Will Be Blood may have raised eyebrows, but now the industry has been rocked by the global downturn, the cost of lower budget film-making - and indeed lower budget film-making in general - has become a matter of survival.

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