Crisis in the Credit System - UK Artist Melanie Gilligan Makes the First Film About the Global Financial Crisis

Crisis in the Credit System - UK Artist Melanie Gilligan Makes the First Film About the Global Financial Crisis

LONDON, October 22/PRNewswire/ -- Crisis in the Credit System, a four-part drama dealing with the credit crisis, scripted and directed by artist Melanie Gilligan, premiered in London to rave reviews.

(Photo: http://www.newscom.com/cgi-bin/prnh/20081022/325748-a )

(Photo: http://www.newscom.com/cgi-bin/prnh/20081022/325748-b )

A major investment bank runs a brainstorming session for its employees, asking them to develop strategies for coping with the crunch. Role-playing their way into increasingly bizarre scenarios, they find themselves drawing disturbing conclusions about the deeper significance of the crisis and its effects beyond the world of finance.

Before the crisis took on its current proportions, Melanie Gilligan created a fictional exploration of its inner logic. Now commentators are astounded at the film's prescience. "Four years ago," Melanie Gilligan explains, "I saw how the global debt-fuelled bubble was unsustainable. I started thinking about the impact a crash would have - not only for those in finance but for the rest of us. Who would be left to pick up the tab? At that point, I wrote a song with my band Petit Mal called Crisis in the Credit System. I started work on a film of the same name a year ago, with the song as soundtrack."

The Independent calls Crisis in the Credit System "A ground-breaking online film." The Observer said "The timing of your film is uncanny" and Telegraph.co.uk remarked "While economists and bankers struggle to understand and describe the crisis to the rest of us, Gilligan's response looks at some of the deeper issues." The Guardian describes the song as "the first pop song about the credit crunch ... a prophecy of financial apocalypse accompanied by a lovely melancholy tune."

Crisis in the Credit System - the film was shot in London, UK, commissioned and produced by Artangel Interaction.

View all four episodes at http://www.crisisinthecreditsystem.org.uk

Crisis in the Credit System - the song by Petit Mal, AKA Ben Seymour and Melanie Gilligan, fuses '80s synth pop and '00s electronica to create a haunting anthem for capitalism's latest crash.

Visit http://www.myspace.com/petitmalpetitmal Single out now on Difficult Fun Records.

Photo: http://www.newscom.com/cgi-bin/prnh/20081022/325748-a
http://www.newscom.com/cgi-bin/prnh/20081022/325748-b

Source: Spectrum

For further information please contact: Crisis in the Credit System - The Webfilm: Shanin Lonsway, Spectrum, Tel: +44(0)782-577-5585, Email: spectrumres@mac.com; Crisis in the Credit System - The Song: Sinead Mills, six07press, Tel: +44(0)783-765-7686, Email: sinead@six07press.com

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Profile: International Entertainment