Not a good thing - a severe case of corporate shortsightedness
From
Variety:
Studio classics in need of facelifts
Films are fading, and digital can't save them
In Cannes this year, Martin Scorsese talked about the importance of preserving such films as Ahmed El Maanouni's 1981 Moroccan music documentary "Trances."
But he didn't mention that his own "Taxi Driver" is deteriorating.
Although the 1976 film is part of Sony's vast library, few are rallying to its aid. The myriad film-preservation orgs throw their money and muscle behind titles that are indie, foreign or obscure. It's assumed Hollywood's majors will take care of their own films. In fact, they don't.
One Paramount veteran compared the studio's vault to a teenager's chaotic bedroom. In fact, a visitor accidentally stepped on the negative of "Rosemary's Baby," which was unspooled on the floor.
With constant pressure on the bottom line, studio execs often lack the funds -- or interest -- to make sure their heritage is being cared for properly. Digital technology, which was touted as the salvation of film, has turned out to be deeply flawed, deteriorating faster than anyone imagined.
A bit more:
Other vulnerable pics from the era include the seminal dark comedy "Harold and Maude," which is in grave condition. Even "The Godfather" was recently in need of triage. Paramount sent the original camera negative to Warner Bros.' facilities for color correction and sound remixing, among other restorations.
The Francis Ford Coppola movie has been a consistent money-maker since its 1972 bow, on vidcassette, DVD and homevideo. If that movie is in need of repair, what hope is there for lesser-grossing films?
In December 2006, the National Film Registry listed, as usual, 25 films it feels warrant preservation, including "Groundhog Day" (1993) and "Fargo" (1996). Clearly, this is not just a concern for early Hollywood films.
And one more:
For the first half of the century, studios let their sprawling libraries fall into disarray. The result is half of all American films made before 1950 have been destroyed, while 80% of U.S.-produced pics dating before 1929 are lost. But film preservation and restoration efforts sprung up in the early 1960s. Mayer, a longtime MGM executive, launched the first large-scale effort to safeguard a studio library in 1965, when he oversaw MGM's construction of refrigerated vaults to house its library, which included such titles as "Gone With the Wind" and "The Wizard of Oz."
And these people have the gall to bitch about 'intelectual property' when they are not able to take care of their own treasures.
Posted by DaveH at December 2, 2007 11:32 AM