Jeff Steele's prediction is he won't be surprised to see Netflix producing its own original content. And here is why: In the United States, Netflix already represents more than 20 percent of downstream traffic during peak times.
Indie producers are on a relentless quest to find the elusive "final 20%" of their budgets. They've raised the equity, made the presales, maxed the gap, and still they come up 20% short. Even with a whopping 40% cash rebate! So why then are they still stumbling around trying to fill that final 20% of their budgets?! Because producers can't get out of their own way.
On Monday October 4th, La Grande Orange in Santa Monica hosts Windy City West, a private party for those from Chicago working in the entertainment industry. It is a hot ticket item and I'm told a crowd expected to top 400. Expect to see all the top Chicagoans walking the red carpet.Chicago is a tight-nit community with everyone knowing at least someone who is somebody in the buisness by at least one degree of seperation. It's a great group of people to be a part of and as with most tribes, is very loyal to their own.