Every couple of months, someone in the press gets wind of the notion that independent film -- which, to our knowledge, has never been a field people have entered with an eye towards getting rich -- is on its last legs.  Lamentations ensue, and then someone pulls out the box office receipts for The Dark Knight, and everybody has a good laugh.  This time around, it's National Public Radio's turn to sound the doom bell for our favorite art form.

"Chicken Little was right", screams the headline to Kim Masters' article on the last days of indie film, placing into evidence the testimony of one Mark Johnson, a big-time studio producer (Chronicles of Narnia) who also dabbles in the independents.  Unable to find a distributor for his small-budget southern gothic Ballast, he and director Lance Hammer are now taking it from city to city, screening it in front of whatever audiences will pay attention.  "I thought that, at the end of the day, quality would win.  We would like to think that if something is made well, it ought to be able to pay for itself," says the producer, who apparently has never ever paid any attention to any aspect of our culture. Art-house executive Mark Gill points out that independent films now have a 99% chance of failure (which, we're guessing, is up from the 98% of a few years ago, or the 100% of most of Hollywood history), and warns that "You have to be very good, or great, or you will die," which should come as exciting news to all the people who made great movies and failed anyway as well as reassuring every failure in the industry that they just aren't good enough.

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So as I write this (on Saturday), Variety is reporting The Chronicles of Narnia: Prince Caspian “will easily take the weekend crown, and its B.O. will only gain momentum from Saturday and Sunday family matinees,” although the pic’s “opening day haul came in slightly lower than industry expectations” and behind its predecessor, The Lion, The Witch and The Wardrobe.  Nevertheless, we here at Screengrab feel confident this weekend now puts us three-for-three in our summer box office predictions!   Woo-hoo!!!!

As for the actual quality of said movie...well, let me put it this way:  I started reading The Chronic- (wha?)-cles of Narnia way back when I was a mere yoot, and I vividly recall The Lion, The Witch and Etc., but I petered out somewhere between Prince Caspian and The Voyage of the Dawn Treader, remembering no details about them except (spoiler alert!)...

...well, actually, I hate those spoiler alerts where they say “spoiler alert!”, like, two words before the spoiler, after you've already seen it in your peripheral vision, so let's just say I didn’t really remember very much at all about the actual plot going into Disney's film version of Prince Caspian.

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Studio executives, like TV weathermen, can be wrong half the time and still make a pretty fine living. One major difference, of course, is “The Suits” in Hollywood spend zillions on publicity and advertising campaigns to attempt to make their forecasts come true...and even then, they’re only right about half the time when it comes to cinematic hits and misses.

We here at the Screengrab will take that action. With the 2008 Blockbuster Season bearing down on us LIKE A RADIOACTIVE SPACE BUS THAT TRANSFORMS INTO A GIANT ROBOT LOADED WITH EXPLOSIVES, we hereby offer our predictions for the summer’s Top 5 Hits and Misses, in hopes of scoring ourselves sweet development deals based on our uncanny pop culture pulse-fingering prognostication abilities.

For the purposes of this experiment, “HIT” and “MISS” will refer not to the critical reception or cinematic quality of the films in question (because, really, who cares about that stuff?). Instead, we’ll calculate the accuracy of our predictions based on each film’s domestic box office gross in relation to its marketing/production budget and the hype/expectation surrounding it.

Want to play along at home? Let us know your Top 5 picks for upcoming Summer Hits, and compare them to our collective and individual predictions. Whoever scores the most correct answers WINS A BRAND NEW IMAGINARY CAR!

And now, our picks for the Top 5 HITS of Summer 2008:

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