[Bruce Nash (the-Numbers)] As if we needed any other evidence, the film festival circuit has mostly become a development ground for indie films to get buried on streaming as “It looks as though $10 million is the current cap that distributors with a theatrical mission are willing to pay.”
by SilverRoyce
6 Comments
Guess nobody told Bruce Nash that the streamers ain’t buying like they used to either?
film festivals do seem overrated at this point. a lot of exaggerated overhype that dissipates before the credits roll. nobody is buying the films anymore since they dont deliver an audience. they play to an ever smaller echo chamber of cinephiles.
Unless you are an established filmmaker like Sean Baker, these film festivals have become irrelevant & misleading.
It’s a sad sight to see as it used to be an independent renaissance but now, these films release and die on streaming because people are too busy rewatching The Office for the 100th time.
Is anyone even watching Hit-Man now that is October or has the world already forgotten that it came out?
10M is a bad place to be budgetarily. 2M is a far better number, and honestly doesn’t give up a lot of production value over 10M if the filmmakers are in touch with how modern technology makes filmmaking easier.
You don’t need a large crew and millions of dollars of equipment to make a professional movie anymore.
It is pretty wild how Sundance’s relevance has cratered so much since covid
Yeah?
It won’t make any money, so they can’t pay much for them.
I mean yeah you can go on about the sanctity of cinema, preserving theatrical arts, and empowering auteur directors to step outside the norm and make something magical to change the societal landscape and empower important conversations and reflections in our society and this that and the other.
But only 3 people care about that, and this is a business at the end of the day.