The future for independent films continues to look impressive, as their commercial viability has increased steadily over the last two decades. The boxoffice success of recent films such as the Insidious and Saw franchises, A Haunted House and Bernie is evidence of the strength of this market segment. Proof of the high level of quality of indies is that an independent film has won the Academy Award for Best Picture in seven of the last eight years: Crash (2006), The Departed (2007), No Country for Old Men (2008), Slumdog Millionaire (2009), The Hurt Locker (2010), The King's Speech (2011), and The Artist (2012). As studios cut back, equity investors have been moving into the independent film arena. Lately, falling salaries, rising subsidies and a thinning of competition have weighted the financial equation even more in favor of the investor. In addition, revolutionary changes in the manner in which motion pictures are produced and distributed are now sweeping the industry, especially for independent films.