Meet Ismail Merchant. Our most prominent filmmaker abroad. He was there before Mira Nair, Deepa Mehta and Shekhar Kapur. His films have been huge hits and have also received critical acclaim. Howard’s End cost $8 million to make and grossed over $70 million. It collected three Oscars. A Room With a View, also based on an E.M. Forster novel, did equally well. But there is a downside. For every successful Merchant-Ivory film, there have been a large number that were excruciatingly bad. I dare anyone to sit through the whole of Surviving Picasso or the more recent Cotton Mary. The company has not had a hit since The Remains of the Day. And that was 10 years ago.