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For Francois Truffaut, it was James Bond. In a 1979 interview with Don Allen in Sight & Sound , Truffaut said he felt "the film that marks the beginning of the period of decadence in the cinema is the first James Bond -- 'Dr. No.' Until then the role of the cinema had been by and large to tell a story in the hope the audience would believe it... For the first time throughout the world mass audiences were exposed to what amounts as a degradation of the art of cinema, a type of cinema which relates neither to life nor the romantic tradition but only to other films and always by sending them up." http://blogs.suntimes.com/scanners/2010/06/who_killed_the_movies.html

Who killed the movies? - scanners

http://www.satyajitray.org/index.shtml Satyajit Ray Org has a mission of promoting discussion and study of Satyajit Ray's films and filmmaking. Satyajit Ray (1921-1992), an Indian filmmaker and among the dozen or so great masters of world cinema, is known for his humanistic approach to cinema. He made his films in Bengali, a language spoken in West Bengal, the eastern state of India, and Bangladesh. In 1992, Satyajit Ray received the honorary Academy Award ©A.M.P.A.S. ® - Lifetime Achievement.

Satyajit Ray Org

They made the critics scream, but now these films are classics -

"They cancelled the British distribution, and they sold the negative as soon as they could to an obscure black-marketeer of films who tried to forget it, and forgotten it was, along with its director, for 20 years," Powell wrote in his memoir Million-Dollar Movie. The story of how Peeping Tom was championed by Martin Scorsese (among others) has often been told. In hindsight, it is apparent that the critical revulsion toward the film was prompted not by its formal or aesthetic shortcomings but because of its subject matter. A self-reflexive film about scopophilia and the murderous gaze was never likely to appeal to British reviewers of the period. Even the ones who hated it the most acknowledged that Powell had "remarkable technical gifts" and praised the acting and cinematography. http://www.independent.co.uk/arts-entertainment/films/features/they-made-the-critics-scream-but-now-these-films-are-classics-2003140.html
Commenting on Jonathan Rosenbaum's article in Cineaste (" DVDs: A New Form of Collective Cinephilia ," Michael Althen wrote that, for him, cinema is not what it used to be: It only exists in festivals -- and on DVD. That's a long way from my/our former belief that cinema can only exist if it follows the well-known liturgy of an anonymous mass staring at a screen. On the other hand, this was a somehow romantic construct fueled by Truffaut's "Day by Night" and other cinephile movies.

Cinema isn't dead, it's just different - scanners

http://blogs.suntimes.com/scanners/2010/06/cinema_isnt_dead_its_just_diff.html