LOS ANGELES, April 12, 2016 /PRNewswire/ -- LIVE ANOTHER DAY, a new documentary feature film from Argos Pictures about the bailout of the US auto industry, will make its world premiere on Saturday, April 23, at the 2016 Myrtle Beach International Film Festival.
Based on the book "Crash Course," by Pulitzer Prize-winner Paul Ingrassia, LIVE ANOTHER DAY reveals for the first time the truth behind the collapse of General Motors and Chrysler and the government rescue of these companies. The product of years of extensive research and interviews with the major players in this drama, the film shows how the American car industry evolved to become an oligopoly (the "Big-Three" automakers) engaged in an irrational battle with a labor union monopoly (the UAW) until ultimately the companies lost the ability to focus on their customers. Difficult decisions to address structural burdens like crushing healthcare and pension liabilities were dodged by all parties who preferred simply to "live another day," rather than tackle the problems they faced. This unwillingness to act, when combined with the housing and financial crises of 2008, left the once-almighty automakers with no option but to plead for a lifeline from the United States Government.
The Government's intervention came with its own set of controversies, from protecting a political ally by removing the focus on the UAW as a source of the auto companies' problems, to pushing the boundaries of long established rules of bankruptcy and corporate governance, to giving away an American industrial icon, Chrysler, to a troubled foreign company, Fiat. In the end, the bailout cost US taxpayers an estimated $10-$15 billion. By exposing this important drama in a new light, LIVE ANOTHER DAY is sure to generate a new round of conversation and controversy.
In LIVE ANOTHER DAY, these remarkable events are described by the key players themselves: "Big Three" CEOs, the UAW President and union members, senior members of President Obama's Automotive Task Force, bankers, journalists, analysts, former Michigan Governor Jennifer Granholm, Tennessee Senator Bob Corker and even world-renowned car aficionado Jay Leno. The film also includes an original soundtrack as well as songs by Aretha Franklin, Foreigner, John Hiatt, The Temptations, and Mick Jagger.
According to the film's co-director, Didier Pietri, "Our goal with LIVE ANOTHER DAY was to provide a comprehensive portrayal of the largest industrial rescue in American history. With the merits of the bailout still being debated in the 2016 campaign and questions arising about the sustainability of the auto industry's comeback, this story is as relevant today as ever."
"The tale of the automakers might foreshadow governmental crises across America as well," co-director Bill Burke adds. "With unfunded benefits in many states reaching unsustainable levels, politicians on all sides should look at the history of the Big-Three and act soon to address these issues, or the next federal bailout might be for an entire state."
LIVE ANOTHER DAY will be shown on April 23, 5:00pm at the Carmike Cinema Broadway 17, 1175 Celebrity Circle, Myrtle Beach, SC 29577. A panel discussion will follow featuring Didier Pietri and Bill Burke as well as industry leaders from the film.
About the Myrtle Beach Film Festival
Celebrating its 11th year in 2016, the Myrtle Beach International Film Festival (MBIFF) has received prestigious awards in the movie scene including; "Top 25 film festivals to submit to in the world," by Movie Maker Magazine, and "one of the best in the world" by Film International. The MBIFF has a reputation for outstanding films and continues to be a venue for up and coming filmmakers as well as seasoned professionals. This year's festival will run April 20-23. Tickets may be purchased at http://www.myrtlebeachfilmfestival.com/.
About Argos Pictures
Argos Pictures is an independent documentary feature film company founded by Bill Burke and Didier Pietri. It specializes in the development, production and marketing of original content based on best-selling and award-winning books. www.argospictures.com
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SOURCE Argos Pictures