First Off: Many (if not most) film festival winners and even some Oscar winners (Slumdog Millionaire, Japanese's The Departure) don't cost a huge fortune to pro

First Off: Many (if not most) film festival winners and even some Oscar winners (Slumdog Millionaire, Japanese's The Departure) don't cost a huge fortune to produce, esp. in relative to Blockbusters. Certain creative pursuits, like TV shows, might get back to its cheaper, more natural roots. I'm sure the cost of making a good TV show wasn't this high in the past. The cost is getting higher partly because of the competition for talents. With less money in the system, it's true that some talents will move to another industry, but many will stay and accept a less extravaganza lifestyle (which is not a great thing to emulate for the society at large anyway). People who really love doing the stuff will likely want to do it no matter what. Of course, certain sorts of movies/shows like those which requires a huge amount of detailed computer graphics will be harder to come by, but that doesn't spell the end of creative works. Lower cost for the whole system could potentially result in better quality (of a different kind) because of less focus on techniques and more on the arts and concepts.