Economy Forcing Studios to Scale Back Holiday Fetes and Premiere Parties Alike

The economic downturn has not spared Hollywood, and Variety reports that studios' premieres and holiday parties are both being effected. Some studios have already cancelled their holiday celebrations (as we have reported), while others, including Overture, are continuing undaunted. Studios are grappling with whether to scale back premiere-party spending as well—an issue complicated by the possibility of alienating A-listers or compromising the events' promotional value.