Private equity investors in indie movies “might as well throw their money down a rat hole.” Those words of warning from the late Jake Eberts (“Driving Miss Daisy”) continue to send a shudder down the spines of the unrecouped. Indeed, the industry motto that “you never get net” remains as prescient as ever.
As industryites takes meetings and nosh in Santa Monica during the AFM, they acknowledge three key factors that have dented the prospects of recouping equity: The first is the demise of previously semi-reliable ancillary revenues via DVD and free TV since the financial crisis of 2009. The second is the disappearance of any back-end sharing of platform profits given the SVOD business model; and the third is less choice due to the steamroller of original commissioning by the streamers. Talent is being signed up at such speed and scale that slim pickings remain for indie producers to put their best packages forward,...
As industryites takes meetings and nosh in Santa Monica during the AFM, they acknowledge three key factors that have dented the prospects of recouping equity: The first is the demise of previously semi-reliable ancillary revenues via DVD and free TV since the financial crisis of 2009. The second is the disappearance of any back-end sharing of platform profits given the SVOD business model; and the third is less choice due to the steamroller of original commissioning by the streamers. Talent is being signed up at such speed and scale that slim pickings remain for indie producers to put their best packages forward,...
- 11/1/2022
- by Angus Finney
- Variety Film + TV
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