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April 25 2013

sundancemadison5

Sundance Movie Festival 2008 - 5 Key Trends and Must-Knows for Indie Directors and Suppliers

The Sundance Film Celebration, though firmly in it's mid-twenties and suffering all the expected crises, is one of the world's most important cinema venues. It's been said that what plays well up in the mountains of Park City this year will be trickling to the Hollywood mainstream by the summertime after next. If this is correct, the 2008 iteration with the festival leaves us with a lot to think about. Here are 5 things to chew on as sundance madison here American movies face what's likely a pivotal year.

5. Trouble in Hollywood is not necessarily good news with regard to indies. At the outset with the festival the Writer's Guild strike dominated conversation. Prognosticators expected a buying frenzy at Sundance 2008 as studios searched nervously regarding films to fill their potentially empty release standing. However, at the same moment, pundits were quick to indicate last year's rampant overspending and predicted buyers will be cautious.

So, what happened? Not much. After an initial panic, over $25 million really worth of deals were inked from Sundance '08. While this pales compared to the $53 million forked at Sundance '07, we can consider 2008 being a return to sanity.

4. Of the 17 movies sold at Sundance... 8 were documentaries. In fact, all the films to sell in the usually stressful first weekend at Sundance have been documentaries, leading many to believe that this year's marketplace would be a bust. But even if prices were down somewhat for dramas, critics and audiences agree that the American documentary is since vital as ever, and even after the actual disappointing box-office performance regarding last year's Sundance docs (MY KID COULD PAINT THAT, IN THE SHADOW FROM THE MOON) there remains a very healthy marketplace.

3. The Webolution is not necessarily being webcast. "The writing is on the wall-the industry must conform to new media or face extinction. Today's studios and independents are finally embracing the challenge of porting content and also revenue to new distribution strategies. Join Hollywood power brokers and new media superstars to go over their strategies for the web. "

That's from the established Sundance Film Festival Guide and also the introduction to the much-buzzed concerning panel "Webolution! ". Netflix, Veoh.com, Joost.com, Hulu.com, the MPAA, and MTV were all represented.

Sadly, nothing was solved.

The big take-away: the US needs to accomplish more to inspire the kind of access to high speed internet other developed world enjoys. Some commentators have said, compared to Europe, Japan, and Korea, the US is a "broadband third world. "

Despite the panel as well as the panic about the web, this year Sundance is scaling back its online offerings. Its Online Film Event, launched in 2001, has all but faded. In 2007, Sundance's site offered nearly 50 films continuously over the course of the festival; this year, it'll show just one for each one of the festival's 10 days.

2. Who really rules Sundance and why is it that no 1 likes Sony Pictures Classics? There have been rumblings for a number of years now that telemarketers (or brokers) might have a little too much pull at Sundance. Dealmakers like Cinetic Mass media, William Morris, Submarine Entertainment, and the CAA (Imaginative Agency Artists) arrived at Sundance to represent filmmakers and also to fuel the bidding war furnaces. Does a Cinetic stamp of approval allow you to get into Sundance? Probably not, but the annual Cinetic Sundance Celebration is definitely where you need to be once you make it.

This year the brokerages had Sony Pictures Classics' quantity. While Fox Searchlight and also Focus films paid the most for films ($10M with regard to HAMLET 2, and $5M for CHOKE, respectively), SPC was the most active, snapping up three dramas in 2010: FROZEN RIVER (repped by William Morris Agency), BAGHEAD (repped by CAA), and THE WACKNESS (repped by Submarine Entertainment). So why are people up in arms? Sony Pictures Classics includes a horrific track record delivering and marketing Sundance films (JUNEBUG, LAYER CAKE, PERSEPOLIS), and it is predicted that SPC will fumble these kinds of crowd favourites.

This side of Sundance has always received plenty of talk, but this year it seems to be receiving, mainly thanks to the efforts of bloggers, the kind of scrutiny that will help it mature in line with Sundance's artistic goals.read more

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