Here's the man himself on the state of indy film:
I’ve been making films for over 50 years. We are at the lowest point ever for low-budget and medium-budget independent films. We are making a little bit of money on DVD. We are making a fair amount of money on cable sales, and still making some money out of foreign. But the profit margins are the lowest they’ve ever been. The only ray of hope I can see is the Internet. I think we’re beginning to see it. It’s not there yet. But we’re seeing a little bit of money coming in from the Internet, and I think that will grow. So we’re staying in there, taking our tiny profits now and hoping that we’re building out libraries that will hopefully pay off in the near future.
Thanks (or not) to Chance.