Future of Indie Filmmaking - 20 films for 100K each?

Paramount Pictures is set to launch a new production business for movies budgeted at less than $100,000. The as-yet-unnamed division plans to finance as many as 20 "micro-budget" movies annually starting in 2010, according to people familiar with the studio's plans who spoke on condition of anonymity because the formal announcement has not been made. A current Paramount executive will run the business, but the selection has not yet been revealed  publicly. Funds for the movies -- no more than $2 million total annually -- will be part of Paramount's existing production budget. The division does not plan to acquire completed movies at film festivals and markets.

See LA Times article below...
http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/12/paramount-to-launch-microbudget-movie-division.html