“These are sobering times for the independent film industry,” Hollywood Reporter guy Gregg Goldstein has written. “Box-office revenue for films from indie distributors and specialty divisions dropped 11.9% from $1.32 billion in 2006 to $1.16 billion in 2007, while the number of indies in theaters increased from 501 to 530. Even more disturbing, only 16 of the films grossed more than $20 million (nearly half of them by a slim margin), down from 20 in 2006.”