AGC Studios Boss Stuart Ford Says ‘Wheels Are Turning’ for Indie Film Business in Cannes

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The return to business at the Cannes Film Market hasn’t necessarily marked the return to business as usual, as sluggish foot traffic and empty stalls in the Palais des Festival can attest. But AGC …

“The independent financing and sales marketplace is still an incredibly fertile ground to finance content at a significant level,” he said. “It’s a very attractive business model, and it’s a very efficient business model.”

“It has been a tremendously difficult period for international distributors internationally,” said Ford. “It’s been a period where changes that were already very much afoot in the international industry have been accelerated and may well lead to a new normal as we come out of the pandemic, back to whatever the new normal actually looks like.”

Ford stressed that “diversification will be the key,” with many indies already shifting away from a “core business” built around theatrical and home entertainment release to a “slightly more rounded” model that incorporates film and TV production as well as theatrical releasing. Two years ago, AGC Studios launched Roland Emmerich’s $140 million sci-fi blockbuster “Moonfall” on the Croisette, which the company subsequently financed “almost entirely out of the independent space,” said Ford.

 

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