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New York, Oct 20 (PTI) Paramount Pictures' decision to delay two major holiday films -- including one with an Oscar aspirations -- may be a sign of Hollywood's retrenchment amid the US economic crisis, a media report speculates. Paramount late last week announced that it would delay the release of 'The Soloist' -- a Los Angeles drama about a homeless violin player and a newspaper columnist who intervenes in his life -- until next March, the Wall Street Journal said. The movie comes from DreamWorks, the Paramount unit whose principals, Steven Spielberg and Stacey Snider, recently left to start a new film venture.
The limited release of "Defiance" -- a war picture with Daniel Craig from the studio's Paramount Vantage specialty unit -- has also been delayed until the end of 2008, meaning the film won't be in wide release until January, the paper said. Paramount, a unit of Viacom Inc, announced the delays as part of a new business strategy under which it is cutting costs by reducing the number of films released each year from around 25 to 20. To start cutting back in 2008, the studio delayed a couple of films, which puts off most of the cost of marketing and distributing the movies until next year, the Journal said.
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