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    Home»Hollywood»Sundance Market Preview: A Sturdy 2024 for Indies Means Patrons Must Get Artistic in 2025
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    Sundance Market Preview: A Sturdy 2024 for Indies Means Patrons Must Get Artistic in 2025

    David GroveBy David GroveJanuary 21, 20257 Mins Read
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    Sundance Market Preview: A Sturdy 2024 for Indies Means Patrons Must Get Artistic in 2025
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    “Thelma,” the motion comedy starring a 93-year-old June Squibb, bought to Magnolia Footage out of final 12 months’s Sundance for round $2-3 million and made $12.5 million on the field workplace. That field workplace is about $4.5 million lower than what Netflix paid for the straight-to-streaming horror title “It’s What’s Inside” on the fest. That film spent only one week on the streamer’s world Prime 10, and with no important theatrical launch.

    Trying forward in 2025, it’s time to start out recalibrating what success appears to be like like, and Sundance would be the good place to start out.

    For Magnolia, final 12 months’s “Thelma” turned out to be the best-performing movie within the indie distributor’s 23-year historical past. Magnolia purchased the film in a aggressive state of affairs at Sundance 2024 and was an unlikely participant to present it a large launch.

    'Free Leonard Peltier'
    'There's Still Tomorrow'

    The indie success tales don’t cease there. MUBI was a shock, aggressive purchaser for “The Substance” out of Cannes, a film considered only a area of interest, style play, nevertheless it’s nonetheless reaping rewards ($78 million worldwide). Sony Footage Classics purchased “Kneecap” out of Sundance and even picked up some further worldwide territories, and it’s now on the Oscars shortlist for Greatest Worldwide Function. IFC Movies purchased 2023 SXSW premiere “Late Evening With the Satan” as a streaming-only play for Shudder and noticed it gross $10 million home. Amazon purchased “My Previous Ass” for $15 million at Sundance, which has solely grossed $5.7 million, nevertheless it nonetheless has legs on streaming.

    All that success in 2024 means patrons can’t afford to be conservative in 2025.

    Hege Wik and Odin appear in FOLKTALES by DIRECTOR NAME, an official selection of the 2025 Sundance Film Festival. Courtesy of Sundance Institute | photo by Lars Erlend Tubaas Øymo.
    ‘Folktales,’ the brand new documentary from Rachel Grady and Heidi Ewing premiering at Sundance this 12 monthsLars Erlend Tubaas Øymo

    “This was a 12 months the place throughout the board, each purchaser appeared to have success with one thing that just about from the surface in seemed surprising, and that’s thrilling for {the marketplace},” Ryan Heller, VP of movie and acquisitions with Subject Studios, advised IndieWire. “It makes us extra open. The mix of proper purchaser and proper film can come from extra locations.” Subject Studios this 12 months has Rachel Grady and Heidi Ewing’s documentary “Folktales” and Amy Berg’s “It’s By no means Over, Jeff Buckley” at Sundance. Final 12 months, the corporate backed “A Actual Ache,” which Searchlight purchased out of the competition for $10 million. The Jesse Eisenberg-directed drama has up to now earned $8 million home, with extra potential after Oscar nominations.

    It’s translating to the kind of films brokers are purchasing at Sundance and a credit score to the slate the Sundance programmers have put collectively. The everyday hallmarks of the business, crowd-pleasing indie will not be the certain issues anymore.

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    “It ain’t the Kentucky Derby, it’s Monmouth Park. You may’t handicap it, and it’s all the time a complete shock,” one distributor advised IndieWire. “You don’t comprehend it till you see it. What’s the tradition in the mean time, and the way does this film match into that?”

    A number of gross sales brokers IndieWire spoke with forward of the competition are crafting their slates to function titles that “have a business edge, however could be a bit of extra subtle than the stuff they might make themselves.”

    “They go to Sundance for that X-factor, in search of issues they wouldn’t fee in any other case,” one agent mentioned.

    'The Wedding Banquet'
    ‘The Marriage ceremony Banquet’Luka Cyprian

    The agent clarified that these films aren’t on the sting of the market however are this 12 months responding to it. Sideshow and Janus Movies, MUBI, Metrograph, and extra are in search of daring titles and are prepared to play as multi-territory patrons. Magnolia now is aware of it could obtain outsize success if it reaches for a wider launch, and certain sufficient, the distributor on Tuesday introduced it had acquired “One to One: John and Yoko” forward of its Sundance screening (it premiered at Venice) with the intention of giving it Magnolia’s first-ever launch in IMAX. Even the likes of A24 and Neon are shifting into larger phases financially and are primed to get inventive (A24 has a number of films it’s already debuting, however that hasn’t stopped it from choosing up a minimum of yet another previously). A minimum of one purchaser speculated an A24 or Neon, every of which has their very own burgeoning TV divisions, may get actual inventive and take a look at Cooper Raiff’s “Hal & Harper,” a uncommon buzzy title on the Episodic slate.

    Dan Bekerman of Scythia Movies, the producer who bought “My Previous Ass” to Amazon final 12 months and in 2025 has the animated documentary “Countless Cookie” and Andrew Ahn’s “The Marriage ceremony Banquet” (Bleecker Road), mentioned the patrons this 12 months are extra conscious that “uniqueness will be an asset.”

    “I’ve watched that ebb and movement over my profession of individuals wanting one thing cookie-cutter versus wanting one thing distinctive,” Bekerman mentioned. “There’s a recognition now that the distinctive qualities are the most effective instruments in an oversaturated, unsure market.”

    It may even imply {that a} main studio jumps into the fray in a approach unparalleled in years previous. Warner Bros. Discovery purchased final 12 months’s “Tremendous/Man” from Sundance, and Paramount purchased “September 5” out of Venice and Toronto. This 12 months, the Jennifer Lopez-starring musical “Kiss of the Spider Lady” or “Final Days” from “Quick & Livid” director Justin Lin could possibly be sufficient to get them .

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    By way of Netflix and Amazon, one rival distributor felt the streamers are below much less stress to purchase a completed movie and are extra inclined to take a look at bigger-budgeted pre-buys. Yearly, they appear to sign sitting this 12 months out, and but yearly they spend large on one thing. Netflix particularly purchased three documentaries final 12 months along with “It’s What’s Inside.” One main agent hopes that the success of Netflix’s Cannes acquisition “Emilia Pérez,” a film so daring {that a} streamer possible would’ve by no means made it themselves, “alerts a necessity or a need for Netflix to proceed being acquisitive.”

    Tonatiuh and Diego Luna appear in Kiss of the Spider Woman by Bill Condon, an official selection of the 2025 Sundance Film Festival. Courtesy of Sundance Institute.
    ‘Kiss of the Spider Lady’

    Documentaries are one other story, and people, too, have to get inventive to search out properties. ITVS, which co-produces indie docs through public funding, this 12 months has 5 movies premiering on the competition, together with “Marlee Matlin: Not Alone Anymore” taking part in in competitors. All ultimately air on PBS. Having a minimum of one type of launch considerably lessens the stress on these movies to search out an extra theatrical distributor, however “it’s an indication of the occasions” of what’s occurring in the remainder of the trade that such movies have to lean on public funding, ITVS executives Carrie Lozano and Lois Vossen mentioned.

    “The panorama is what it’s, and we will’t faux in any other case,” Vossen mentioned. “It’s a tough marketplace for social subject docs.”

    For Joe Lewis and Lauren Haber of Amplify Footage, which brings Ryan White’s (“Assassins” and “The Case In opposition to 8”) documentary “Come See Me within the Good Mild” to Sundance, there’s nonetheless a disconnect between what will get purchased and what’s profitable acclaim. They observe that 10 of the 12 months’s 15 Oscar-shortlisted documentaries premiered at Sundance final 12 months, however many like political doc “Union” or “Hollywoodgate” struggled to search out distribution on the competition and have needed to flip to self-distribution strategies.

    “I feel there’s what patrons say they need, after which there’s the expertise of seeing one thing and simply actually being moved by it and gained over by it, seeing how particular and intimate this sort of filmmaking is and the way uncommon it’s anymore,” Haber mentioned.



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