Brazilian director Fernando Meirelles recently signed a deal with Universal Pictures, and this seems to be good news for the Brazilian movie industry. This article gives a lot of information about the cinema experience in Brazil and its declining state. When I was there, most of the movies came from Hollywood while only about one or two Brazilian movies would be in the theaters at one time.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/10/06/entertainment/e111821D34.DTL
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