Toronto: Indies Struggle in a Movie Market Looking for Sure Things

That big-swing mind-set was on display at the most recent Cannes market, where Paramount beat out smaller players for the Chris Hemsworth-Tiffany Haddish actioner, which FilmNation sold. But privately, buyers griped that FilmNation was using indie distributors to bid up its films only to flip them to a major, earning the company the nickname "FlipNation." And the major studios also are forcing foreign sales agents to adjust their game plans.

"The studios are buying a lot more internationally, they almost never just buy domestic anymore," says Gabrielle Stewart of HanWay, which is selling foreign rights to. "So you have to keep a few of the big territories open for them." The proliferation of streamers, from oldguard players like Netflix and Amazon to newbies such as Quibi, might help buoy overall prices.

"I do think there will be a competitive market for those who have been around for a while, the Magnolias and the IFCs," says ICM’s Kristen Konvitz. "And now that all of the new streaming platforms are buying to build their pipelines, I think there’s going to be a more even playing field. It is still a bit of unchartered waters, but they are going to come looking to find content. In particular, Apple, for something that suits their brand.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Megan Ellison’s Annapurna Not Expected to Be a Buyer at Toronto Film MarketAfter a bankruptcy scare and a renegotiated deal with lenders, the indie studio won't be looking for movies at the festival but is planning to produce more homegrown fare. Megan Ellison is Great -she will always surprise people- 'Zero Dark Thirty' is a masterclass in film Making and Producing- VBrynner BoF karliekloss PGATOUR karliekloss TheRock GalGadot
Source: THR - 🏆 411. / 53 Read more »

Under Armour names new North American president to lead struggling home marketUnder Armour named Stephanie Pugliese as its new North American president Thursday. She will lead the company's home market, which has been struggling to grow sales. I guess the former dude couldn't protect this house UnderArmour Would make much more money if they lowered there damn pricing! Reebok compression shirts are always cheaper and same quality. Who's paying $30-50 bucks for a damn t shirt! Under Armour is struggling because it’s too expensive. Bring the prices down! It’s ridiculous what they expect people to pay for workout clothes.
Source: CNBC - 🏆 12. / 72 Read more »