Private equity is a cancer.
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Nooooo! This is horrible news. Who will produce the weird stuff now?
I know this is concerning for the fans but this is a fairly common evolution with all these indie distributors. Their rise is similar to Miramax in the 80s and they went on to release some of their best films the following decade once they had funding.
Let's hope A24 sticks with the Daniels like Weinstein stuck with Tarantino
Understandable yet still terrible news. We might still get weird and good auteur films off the back of mainstream movie profits, but I have the pessimistic feeling that even if things would go this way, it will not last long. A24 has been putting out amazing movies for a while now and it would be sad to see it lose its focus because of this equity crap.
what are some other studios to keep an eye on?
Hate to say it but probably Apple. They already make drama and weird stuff. I bet many producers and directors are going to flock to Apple if A24 is going to focus more on action franchises
This was bound to happen. Costs are rising and their biggest box office hit was an action flick, Everything Everywhere All at Once. But why didn’t they sell the share to Apple? Apple is already interested in making drama and weird movies. And I doubt they care too much about AppleTV making a profit, since they already make an insane amount of money from their devices. It’s an amount that not even Disney with their media empire can come close to.