The New York Times Sunday business section has an article on Cinetic Media’s new digital rights division. Here’s the painful lede by Brooks Barnes:

MORE than 3,600 independent features were submitted to the Sundance Film Festival this year, a record driven by inexpensive digital equipment and an abundance of film financing. But only a couple hundred of those movies will ever be distributed in theaters. Does that mean that almost 90 percent of indies have zero value?