Meaning: This quote by Peter Bart, former editor of Variety, highlights a significant shift in the financing model for the film industry. Traditionally, Hollywood films have been financed through a combination of domestic and international sources. However, as Bart points out, there has been a growing reliance on overseas financing, with up to 70 percent of the funding for a movie coming from international investors.

This trend can be attributed to several factors. Firstly, the globalization of the film industry has expanded the potential investor base beyond the borders of the United States. As Hollywood seeks to reach global audiences, it makes sense for the financing to reflect this international scope. Additionally, the rise of foreign markets, particularly in countries like China, has created new opportunities for film financing.

The increased reliance on overseas financing also reflects the escalating costs of film production. Big-budget movies with extensive special effects, A-list actors, and elaborate sets have become the norm in Hollywood. As a result, the financial risk associated with producing these films has also increased, leading studios to seek larger investments from external sources.

However, as Bart points out, this model of financing may not be sustainable in the long run. Relying too heavily on international investors can pose challenges, particularly as the global economy fluctuates and geopolitical tensions impact international relations. Furthermore, there may be a limit to the willingness of overseas investors to continue providing the majority of the funding for Hollywood productions.

Bart's use of the term "suckers" in the quote also suggests a certain cynicism about the current state of film financing. It implies that there is a sense of exploitation or opportunism in seeking out international investors, and that the industry may have become overly reliant on external sources of funding.

From a broader perspective, Bart's quote underscores the evolving dynamics of the film industry and the complex interplay between creative, financial, and global forces. It raises questions about the sustainability of the current financing model and the potential consequences of overreliance on international funding.

In conclusion, Peter Bart's quote provides a thought-provoking insight into the changing landscape of film financing, particularly the increasing reliance on overseas investors. It prompts reflection on the implications of this trend for the film industry as a whole, and raises important questions about the balance between financial pragmatism and creative autonomy. As the industry continues to evolve, it will be essential to monitor how these dynamics shape the future of film production and distribution.