U know what I hate? Financiers who ghost u after expressing lots of interest, asking for this that & the other thing, mtg w/yr team. I understand financiers who are too busy to reply in 1st place. But what's up w/ones who suddenly go cold after being so hot? DO NOT GHOST ME.❌👻 — Mynette Louie (@mynette) March 3, 2022 On March 2, 2022, Mynette Louie, producer of award-winning films like The Tale and I Carry You with Me, tweeted out the above complaint, railing against what anecdotally appears to be a lamentable industrywide trend of financier ghosting. Filmmakers and […]
by Anthony Kaufman on Oct 11, 2022Less than a year ago, it seemed like the sky was falling for independent films being released in theaters. Netflix’s stock was hitting record highs, the core demographic of older metropolitan moviegoers were staying home, and the entertainment complex was pivoting to the new normal of their subscription streaming overlords. Their dominance may ultimately prevail, but a more delicate and intricately linked dance between theatrical and streaming appears to be the future of releasing films. As an insider notes, “I think it’s swinging back towards theatrical, even though the end-goal is still about making the streaming stand out.” To name […]
by Anthony Kaufman on Jul 14, 2022“[I]t’s as if our whole society is burned out.”—The New York Times Magazine, Feb. 20, 2022 During the ongoing “Great Resignation,” tens of millions of Americans—including those in the film industry—have quit their jobs. But the employment shifts in the entertainment business have as much to do with people leaving their work as with reassessing the ways in which they work. After months of pandemic-mandated pauses and soul-searching, phrases such as “work/life balance” and “self-care”—previously anathema to a culture of all-hours dealmaking and work—have finally arrived. If, as one executive says, “14-hour workdays, sleep deprivation and, too often, unhealthy meals” used […]
by Anthony Kaufman on Apr 14, 2022While independent films have struggled to thrive in our long COVID marketplace, there is one silver lining in the digital distribution universe: Indie films, both familiar and obscure, from five, 10 and even 20 years ago are flourishing with an uptick in video-on-demand sales. “It’s no secret that library titles have been performing very well across the board,” says IFC Films President Arianna Bocco, “and that’s directly a result of the pandemic.” Across the entire entertainment industry, spending on library titles has been “notably strong,” according to an August 2021 report from home entertainment trade association DEG (Digital Entertainment Group), […]
by Anthony Kaufman on Jan 18, 2022According to Box Office Mojo, our contemporary plague ended on June 14, 2021—the last day the label “COVID-19 Pandemic” was included on its daily box office reporting. But don’t tell that to anyone trying to release a film in the second half of 2021, as viral variants spread widely across America, plunging the hopes of many filmmakers and distributors. Welcome to Pandemic: Year 2. The merciless persistence of the coronavirus and its wide-ranging impact on theatrical moviegoing and home viewing habits became more entrenched over the past several months—with indies on the losing end of the stick. Struggling to gain […]
by Anthony Kaufman on Jan 18, 2022“Heartbreaking,” “disappointed,” “crushing”—those are just some of the ways that filmmakers described the news that the 2022 Sundance Film Festival was going entirely virtual for a second year in a row. While lots of producers, directors, and sales agents were counting on in-person presentations to elevate their premieres in the buzzy environment of Park City, the shift to online-only was particularly stinging for filmmakers and sellers with artier, cinematic, or more challenging films that may get lost amid the Netflixification of the festival. “It’s a bummer,” admits Sam Green, director of opening night film 32 Sounds, which is described as […]
by Anthony Kaufman on Jan 11, 2022For art-house movie theaters, already struggling during the pandemic, the wide expansion of Paul Thomas Anderson’s critically acclaimed Licorice Pizza on December 25 was seen as a godsend. When the film opened in late November in just four locations, it generated the year’s best per-screen average (at $83,852) and continued to show staying power in its subsequent weeks in limited release. But last Tuesday, just as theaters were starting to promote their Christmas opening of the film, United Artists Releasing pulled it from hundreds of locations, inciting at least one exhibitor to cry “bah, humbug!” Originally set to be released […]
by Anthony Kaufman on Dec 15, 2021In the Heights, Black Widow, Respect and Candyman—not typical indie-film fare, but because of the pressures of the ongoing pandemic on theatrical moviegoing, these are just some of the films arthouses have booked over the past several months. Granted, the supply of new available films was massively down, and theaters have been desperate to get audiences back into seats, but COVID-related shifts in arthouse exhibition have been significant, myriad and potentially long-lasting. And none of it is good for indie filmmakers. For example, here’s something you probably don’t want to hear from your neighborhood indie venue: “We’re seriously considering playing […]
by Anthony Kaufman on Oct 11, 2021While streamer-backed productions promise a golden future for a lucky few, for most independent filmmakers these days, it’s more challenging to subsist by making the sort of professionally budgeted, less than $3 million films that used to be hallmarks of the sector. One significant reason, according to producers, is that it’s much more difficult to shoot a nonunion film. IATSE has become a more dominant force in the independent industry, which has consequently expanded budgets well above that number. “I don’t think you can do a union movie for less than $3 million,” says one producer. Although some nonunion shows […]
by Anthony Kaufman on Jul 12, 2021For more than 40 years, there was a certainty to the film festival calendar—a comfort in knowing that, since 1978, when the Berlin International Film Festival moved to February, followed by Cannes in May, and Venice in the fall, there were three distinct seasons for producers, sales agents and buyers to meet, see films and make deals. But in 2021, things are different, of course. While the inflection points of the business cycle—winter, summer, fall—remain somewhat in place, the ongoing pandemic has scrambled the dates, formats and plans for hundreds of film events, upending launch strategies and causing potential logjams […]
by Anthony Kaufman on Apr 8, 2021