Along with just about everyone else in Hollywood, top-flight entertainment lawyers typically flock to where the money is. In other words, their deal-making often revolves around big-budget studio films for high-priced actors, directors and screenwriters.
But with this summer’s runaway success of The Blair Witch Project — which cost a measly $30,000 to make, only to bring in more than $100 million in its first month at the box office — the lawyers are quickly focusing on strategies for low-budget independent films that, with a little bit of luck, could earn bundles for their clients.
