An independent film, or indie film, is usually a low-budget film that is produced by a small movie studio. The term is also used to describe films produced by subsidiaries of larger studios, such as Sony Pictures Classics, as long as less than half of its budget comes from a major movie studio. In 2005, about 15% of the U.S. domestic box office revenue was from independent studiosMPAA data from January to March 2005.