tfc_blog

Yes the above title is a reference to my favorite Baz Luhrman film.  The fact is that The Cannes Film Festival is truly in its own class. For domestic distribution, it is arguably the best launch pad for foreign language films and can be a high profile place to premiere English language movies too. The problem is that many of the American films are star driven, have large budgets by indie standards and/or have distribution secured before arriving. If your American film isn’t a massive media machine, you will not be premiering at Cannes and honestly you wouldn’t want to.

Cannes signs

In looking at how the films from Cannes 2012 festival have performed, one has to note that over 60% of the films acquired for US came from 5 distribution companies (and their subsidiaries). TWC, SPC, IFC, Strand Releasing, and Film Movement dominated the acquisitions zone.

Moonrise Kingdom (Focus, worldwide gross $68, 263, 166), Lawless (TWC, worldwide gross $53, 676, 580), and Killing Them Softly (TWC, worldwide gross $37, 930, 465) all had distribution deals attached when they premiered. All are three of the highest grossing independent films from 2012, but only Moonrise Kingdom could be classified as a hit. In fact Killing Them Softly is arguably a massive failure, failing to recoup its budget in its US theatrical and getting a rare F Cinemascore. TWC’s pick up from Cannes 2012, The Sapphires, has been a modest performer in its 8 weeks of theatrical release so far this year grossing just over $2 mil.

Sony Picture Classics (SPC) has long been a dominant distributor of high art foreign films and they acquired Amour, No, and Rust and Bone. All the films grossed $2,000,000 + in the US however the titles are a mixed bag. Amour grossed less than prior year’s foreign language Oscar entry, but still was a $6 mil plus performer stateside. Rust and Bone failed to get an acting nomination for Marion Cotillard and ended its domestic run with $2,062,027. Internationally, Rust and Bone slightly outperformed Amour, but both had international grosses of around $20 mil. Only No exceeded expectations. Though it has done less than ¼ of what Rust and Bone has internationally, it has actually out grossed it here in the US and it’s still playing in theaters! It’s a rare box office success for a Director’s Fortnight selection. That said, all three are the three highest grossing foreign language films acquired out of Cannes. If you’re foreign, GO FOR SPC! GO FOR SPC! GO FOR SPC! I repeat GO FOR SPC!

IFC/IFC Midnight/Sundance Selects combined for a whopping 10 acquisitions! That’s more than many companies release in a year! They chose not to report grosses though for Antiviral and The Taste of Money which is an alarming sign, even for their VOD business model. Clandestine Childhood failed to gross $10k and none of their films managed over $1,000,000. Their highest grosser (On The Road) has leveled off at over $720k so far, but was not day and date VOD and considering the film played in as many as 107 theaters in a given week, it is clearly a disappointing performer. The Ken Burns directed,The Central Park Five managed just under ½ that with $325k and surprisingly missed the Oscar documentary short list. It will likely have a long life on other platforms. Someone in Love, The Angels Share and Beyond the Hills all grossed over $100k, but only The Angels Share (conveniently in English) could be considered a modest hit as it just crept past $250k. Sightseers was released a week and a half ago and does not look likely to pass $50k. The horror remake Maniac comes out later this year.

Behind IFC is Strand Releasing who acquired 6 films! Though Strand has been around for 20 years+ this is an unprecedented amount. In The Fog, Polluting Paradise, and Mekong Hotel have yet to be released. White Elephant failed to break $10k, and Post Tenebras Lux and Paradise: Love are still in the early stages of release with neither likely passing $50k domestically.

Other low end performers include Cinema Guild’s Night Across the Street with $13,035 domestically and Well Go USA’s Dangerous Liaisons which has reported $54,000 in box office. Both films were in the Director’s Fortnight which often gets overshadowed by the main competition. Think of it as the difference between being in the Next section and the US Dramatic section at Sundance.

Performing on the low end of the main competition films is Oscilloscope’s Reality which has yet to break six figures. The director’s prior film, Gomorrah, grossed over $1.5 mil in the US.

Performing better was Holy Motors handled by the now defunct distribution division of Indomina. It grossed $641,000 despite being literally impossible to describe. However, that is less than half the gross of Samuel Goldwyn’s Renoir which is still averaging over $100,000 a weekend. Despite never playing in more than 100 theaters, this film  has quietly amassed a total of $1,484,197, making it the highest grossing film from Un Certain Regard’s program last year. It has also done more than double the box office of Entertainment One’s Cosmopolis and Lee Daniels surprise awards contender The Paperboy. Both films suffered from mediocre reviews and the fact that Zach Efron and Robert Pattinson’s fanbase can’t legally see an R Rated film by themselves.

Films yet to be released include four Film Movement acquisitions (Three Worlds, Alyah, Broken, and La Sirga), Breaking Glass has Laurence Anyways which is easily its biggest acquisition to date, Magnolia has best actor winner The Hunt, and Gkids took the animated Ernest and Celestine.

Now all of this brings me to Mud. The Matthew McConaughey and and Reese Witherspoon starrer has been something of a breakout and looks poised to pass $20 mil by the end of its theatrical run.  It has grossed over $2,000,000 for four weekends in a row now and has yet to play on over 1,000 screens. This film did not win any awards at the festival and in fact left the festival without US distribution. It did not get a pick up until August 2012 and was introduced to US audiences at the Sundance Film Festival 2013. With an A list cast, strong reviews and a distributor (Lionsgate/Roadside Attractions) who knows exactly how to handle this kind of film, it did finally find its way. Its international grosses are just barely over $3 mil, but that’s only from two territories.

Less than half of the films from the Critic’s Week, Un Certain Regard, and Director’s Fortnight have received distribution in the US. Many never will. All but one of the Competition films has yet to find one which helps pad the totals. If you have a foreign film, this is arguably your best bet to launch for a Stateside distribution deal. If you’ have an American film, it can provide great publicity, but create bad press to last a lifetime leading up to your release. American bigger budget indie tent poles will continue to use TIFF and Cannes to launch, but for every Moonrise Kingdom or Silver Linings Playbook,  there are easily 3x as many Killing Them Softly’s. The Cannes endorsement on a foreign film especially though can drive up arthouse audiences in digital environments and older audiences at this thing called a video store. A few even still exist.

A look back at last year’s Cannes titles:

Film Distributor Gross Program Section
Post Tenesbras Lux Strand Releasing $7,096 Competition
Clandestine Childhood IFC $9,017 Director’s Fortnight
White Elephant Strand Releasing $9,673 Un Certain Regard
Night Across the Street Cinema Guild $13,035 Director’s Fortnight
Augustine Music Box Films $13,616 Critic’s Week
Paradise: Love Strand Releasing $17,356 Competition
Sightseers IFC $19,037 Director’s Fortnight
In Another Country Kino Lorber $25,079 Competition
The We and the I Paladin $42,172 Director’s Fortnight
Dangerous Liaisons Well Go USA $54,000 Director’s Fortnight
Reality Oscilloscope $72,577 Competition
Beyond the Hills Sundance Selects $110,490 Competition
Like Someone In Love IFC $222,695 Competition
The Angels Share IFC $248,567 Competition
The Central Park Five Sundance Selects $325,653 Special Screening
Holy Motors Indomina $641,000 Competition
The Paperboy Millenium Entertainment $693,286 Competition
On The Road IFC Films/Sundance Selects $720,828 Competition
Cosmopolis Entertainment One $763,556 Competition
Renoir Samuel Goldwyn $1,079,000 Un Certain Regard
The Sapphires TWC $2,015,509 Midnight
Rust and Bone SPC $2,060,565 Competition
No SPC $2,163,379 Director’s Fortnight
Amour SPC $6,732,661 Competition
Mud Roadside Attractions $11,656,971 Competition
Killing Them Softly TWC $15,026,056 Competition
Lawless TWC $37,400,127 Competition
Moonrise Kingdom Focus Features $45,512,466 Competition
Antiviral IFC Midnight BO NOT Reported Un Certain Regard
Trashed Blenheim Films BO NOT Reported Special Screening
The Taste of Money IFC Midnight BO NOT Reported Competition
You Ain’t Seen Nothin’ Yet! Kino Lorber Competition
Maniac IFC Midnight Midnight
Laurance Anyways Breaking Glass Un Certain Regard
The Hunt Magnolia Competition
Thérèse Desqueyroux MPI Pictures Out of Competition
In the Fog Strand Releasing Competition
La Sirga Film Movement Director’s Fortnight
Mekong Hotel Strand Releasing Special Screening
Polluting Paradise Strand Releasing Special Screening
Ernest and Celestine Gkids Director’s Fortnight
Broken Film Movement Critic’s Week
Alyah Film Movement Critic’s Week
Three Worlds Film Movement Un Certain Regard


May 23rd, 2013

Posted In: Distribution, Film Festivals, International Sales

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TFF_2013

It seems like just yesterday I was reporting to you on SXSW and in the ever expanding festival circuit it is now time to fly over to the start of the Tribeca Film Festival.  This still very young festival takes a much different approach than SXSW by having an industry office, press and industry screenings, they have a distribution branch and help to support the releases of a number of films from the festival each year.

Despite all of that, the festival suffers from a number of shortcomings. It is so close to Cannes (and its massive market) that the festival can be easy to dismiss. Tribeca Film buys so many movies from their festival that it makes it even less desirable to buyers. And finally there is the NYC problem.  It can be hard to get local industry to attend and network when they are just happy to be home for a change. Similarly for those of us in from out of town, the city offers a wealth of other options that serve as distractions when we should be singularly immersed in film. I’m not going to lie, there are some films I will not be seeing because I got comps to see Kinky Boots (Which is at least based on an indie film).

The 2011 Tribeca Film Festival saw two documentaries gross about $2 million each. Both of those films (Jiro Dreams of Sushi (Magnolia) & Bully (TWC)) were rare exceptions to the rule, but are at least worth citing in terms of the potential for a breakout film to premiere at the festival. 2012 has yet to produce a film that grossed over $500k theatrically and only Struck By Lightning could really be labeled a VOD hit.

That said, the 2012 crop made clear that the festival can be a great launchpad for LGBT films and also documentaries.  Four films that premiered at the festival last year and did not have distribution attached have gone on to gross $100k or more. Both narrative films that accomplished this feat feature gay story lines. Any Day Now which won the Audience award at the fest (and basically every other fest it played at) has grossed over $200k theatrically in North America courtesy of Music Box Films.

Strand meanwhile took on Yossi the sort of sequel to the Israeli military love story Yossi and Jagger,  which they released over a decade ago.  Yossi has grossed over $116k and is still playing in theaters, meanwhile the former has seen its DVD sales sky rocket in light of the release. Yossi was a smart follow up on the part of Strand Releasing.

On the documentary side, The Flat showed the strength of Israeli subject matter and is the highest grossing film from the fest last year with a total of $471,842. It was released by Sundance Selects and outperformed a number of high profile Sundance docs.

Tribeca Films, which is really at its heart an ulta-vod label, handled a number of films. More so than any other company that was active at last year’s festival.  The theatrical box office numbers for these films are largely abysmal. Newlyweds, Supporting Characters, Rubberneck, Booker’s Place, and The Giant Mechanical Man have all grossed under $10k meaning that more people saw them at the festival than saw them in their entire theatrical window.  Their one ray of light is Struck By Lightning which while only producing a box office total of $28,378 is on track to do over $1,000,000 on VOD.  That thanks in no small part to the loyalty of Glee fans and the trendy TV star filled cast.

It is also worth noting that Tribeca Film distributed Oscar nominee War Witch. The Canadian Foreign Oscar entry was an Award Winner at Berlin, but was not bought until it had its North American premiere at Tribeca. It has grossed $67,425 to date but still has almost 20 markets left to open in.

Magnolia was also an active buyer, they came to the festival with Jack and Diane which grossed a paltry $1,142, and also acquired The Good Doctor ($5,206) and Deadfall which towered above the other two with a still modest $64,241.

Key doc distributors found modest success across the board at the fest. The Revisionaries grossed just under $20k with Kino Lorber behind it, Paladin heralded Mansome, the latest from profilic doc filmmaker Morgan Spurlock, to the tune of $36,280 and Cinedigm had one of its largest grossers with Don’t Stop Believin: Everyman’s Journey. It’s still in theaters and has managed just under $60k with a number of theaters yet to play

A number of films pursued some form of self-distribution to varying success. TFC client The Playroom partnered with Freestyle and has grossed slightly over $5k. Sexy Baby and Fame High had DIY theatricals, but did not report grosses. Burn is easily the most successful having grossed $111,300 in addition to special screenings all over the country in rapid succession that have been going on for months. The mix of traditional exhibition and large event screenings has swept the film across the country.

IFC was a big buyer, but many of their films have yet to be released, now a year later. Cheerful for the Wedding  and Knife Fight were both disappointments grossing under $10k  theatrically. They did not report box office grosses for IFC Midnight’s In Their Skin (originally called Replicas), but it is now available on Amazon VOD and DVD.

The Girl, starring Abbie Cornish has grossed just over $35k so far since being released by Brainstorm Media.

Films coming out soon include Drafthouse Film’s Graceland, Factory 25’s Future Weather,  Wreckin Hill’s While We were Here, Arc’s Stand Off (formerly Whole Lotta Sole), Film Movement’s Room 514, and Sony Woldwide’s star studded Revenge For Jolly!

At present, about 60% of premieres from last year’s fest have some form of distribution in place for the US. That places it only slightly behind SXSW, but ahead of juggernaut Toronto International Film Festival. For the filmmakers, premiering at the festival, I encourage you to be patient and diligent. The top box office performers in most cases were not bought until after Cannes. Better to be slow for the win, than rush and wind up losing in the end.

I look forward to seeing you all at Tribeca Film Festival 2013!

BONUS: DOCUMENTARY POWER

As with SXSW, about 20% of features raised at least some form of funds through crowd funding. The documentary Bridegroom is premiering at this year’s festival and raised a pre- Veronica Mars – stunning total of $384,375! The film is helmed by TV legend Linda Bloodworth Thomason.

April 17th, 2013

Posted In: Digital Distribution, Distribution, Film Festivals, Theatrical

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sxsw 2013 film guide

Upon returning from the constantly evolving confab of everything tech and media that is SXSW, I was asked by a friend to describe in one word what attending the festival was like. Without hesitation I uttered, “spam”.  SXSW is a little bit of everything. This is both what continues to make it a viable event and also its Achilles heel.

For those who have never been, here’s are some quick facts on what differentiates the festival from other major fests in the US (Sundance, Tribeca, Telluride, LAFF, etc):

SXSW is a FOR PROFIT.  Filmmakers pay their own way to attend (though badges are comped).

There are no press and industry screenings and there is no formal sales market. You either have a film badge or you don’t and it’s first come first serve. This means you could go to a screening and 20 people are there or the line could wrap around the block.

Not only are films screened, but they have a comedy festival, a music festival, a tech conference and it all overlaps with the film festival. They fill the fest with literally hundreds of panels and discussions on just about every topic you could think of.

What makes the festival work is its completely open atmosphere. People who otherwise might be closed off to a filmmaker are not only accessible but they are often willing to talk. At the SXSW closing party you had shorts filmmakers rubbing shoulders with Brie Larson while local college students conversed with distributors over shots. It was truly a sight to  see.

I have been going to the festival for a few years now and this year’s crop was a real eclectic and fresh bunch of films. The documentary slate was WAY, WAY stronger than the past few years, but there also wasn’t a clear stand out. To my mind, it was also the gayest year on record with no fewer than a dozen docs that prominently feature LGBTQI+ story lines.  Even the non queer films I saw like Unhung Hero were packed with gay men enjoying a virtual tour through a Penis garden in South Korea (literally).

I would also like to personally applaud the filmmakers of those docs for supporting one another. It was great to see how many of the producers/directors showed up to one another’s screenings. This is yet another distinction from the festival standard. Filmmakers at SXSW find the time to go see a few films from other filmmakers (honestly I have no idea how with so much going on, but the point is that they do it).

Which brings me to the one constant theme that I heard from people during the fest. It is just too many things going on at once. Sometimes fewer choices is beneficial. I will attest that creating my schedule for SXSW took me 3x as long than creating my schedule for Sundance. While SXSW had about 25 or so fewer world premieres, they actually screened almost 20 more films in total. They also do not start film screenings till 11:00 AM so you have one less screening slot per day.

But even if there were no films, there is still the tradeshow with hundreds of vendors, mock casting sessions, panels, meet ups, over 3000 bands performing, parties on each corner, sponsored stations, and dozens of brand new startups. In fact, one of the most rewarding things during the festival that I did was go to a meet up of new film oriented companies.

The fest this year extended more premieres into the second half of the festival (when the much larger music festival often results in a mass exodus from the film venues) and it did seem to help. Attendance was clearly up during the second half of the festival. In some cases, films were even able to fill up which I would not have imagined possible judging from previous years

The deals this year have been a bit slower than in year’s past, but expect them to trickle down in the coming months. Interestingly, the two of the three distributors (Drafthouse and Magnolia) that have acquired world premieres from the festival have deep ties to the state of Texas. Drafthouse Films bought the midnight film Cheap Thrills and fellow midnight entry Haunter was acquired by IFC Midnight. Gross out horror comedy Milo was bought Magnet (The genre arm of Magnolia) and indie darling, Joe Swanberg, sold his film Drinking Buddies to Magnolia.

Other films to announce deals at or just before the festival include audience award winning docs The Punk Syndrome (GoDigital) and A Band Called Death (Drafthouse Films). Fellow doc, These Birds Walkwent to Oscilloscope.  Sundance breakout Muscle Shoals was acquired by Magnolia who clearly had a busy festival. It is worth noting that the producers have chosen to donate all profits to two different music organizations.

SXSW has solidified its place as the younger, hipper, indie version to Sundance. The films tend to skew more towards genre fare, there are plenty of comedies, the docs go more human interest than overtly political, and often what the films lack in polish they make up for in gusto. This is the festival that has recognized some of the freshest voices in indie film like the Duplass Brothers, Amy Seimetz, and of course Lena Dunham.

In talking with filmmakers, it is clear a lot more are willing to take matters into their own hands and pursue DIY. There is very little of the big producer ego permeating through the festival and for filmmakers who attend, they can see what will be the norm in the next two-three years by embracing the new tech companies whose presence, while a distraction, is also part of the charm.

I also would like to applaud the festival for staying true to its Austin roots. There were a large amount of Texas based films that made it into the festival. Austin is an indie film pioneer and playing with the big boys of NY/LA. The commitment to championing their own is admirable, but the truth is these films by and large are as good (if not better) than fellow entries from the larger and more typically thought of film hubs.

While SXSW still has work to do in shaking off the image of being the second choice to Sundance, the fact is they are growing at a rapid pace and the quality of films is constantly improving.   Since it takes place after Sundance and Berlin, it will never be able to equal their heights on the sales front, but if distributors were smart, they would intentionally hold out for a SXSW film or two to add to their slate. Especially if they have a good VOD/Digital operation in place.

Finally, I can’t in good conscience finish this post without mentioning that I won $70 in gift cards from Fandango by twice stumping their guru on 80’s film trivia. Thank you Fandango and I look forward to using the gift cards to see more of the films from SXSW as they enter into the theatrical marketplace.

March 23rd, 2013

Posted In: Film Festivals

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TFC is stoked to be at SXSW 2013! In preparation of this year’s festival, we’ve taken a good look at how films performed that premiered at the festival last year. Always good to know a few facts.

sxsw-2013

 

This is the only major film festival in the US that is a FOR PROFIT.  As of this writing, it is also the only one that does not provide grant and/or distribution support directly to at least some of their films. In addition, the festival coincides with a tech conference where companies like Twitter were launched and it is the largest music festival in the United States.  All of the above can make it very easy for films to get lost in the shuffle.

With all that said, slightly over 2/3 of films that world premiered at the festival last year secured some form of domestic distribution. While these numbers might seem bleak, they aren’t as bad as they appear.   Noticeably absent from last year’s list are the big indie players like SPC, Focus Features and TWC. These companies often exhaust their funds at Sundance and EFM looking for bigger tent-pole releases. Still the festival is one of the best launching pads for an indie film in North America. IFC, Magnolia, Factory 25, Phase 4, Go Digital, Anchor Bay, Cinedigm, and Snag Films all acquired multiple films. I expect many of these companies to be in play again this year as well as a lot of distributors that were outbid on films during the buying frenzy at Sundance this year.

From last year’s premiere crop that were not studio releases, there have been three films that have grossed over $100,000 in domestic box office (though I expect one more to reach that mark).  Roadside Attractions acquired rights to Blue Like Jazz before the festival and the film has far and away the highest grossing theatrical revenue with $595,018 for 8 weeks on a max screen count of 136 . The film notably raised $345,992 on Kickstarter, almost 3x its stated goal. Adapted from Donald Miller’s memoir, the film came with a large fan-base already attached and was widely supported by the Christian community. Take heed of this fact!

PDA self-released the child chess documentary Brooklyn Castle after raising funds via Kickstarter. The film also sold remake rights for a TV series. To date it has grossed slightly over $200,000 after 11 weeks in theaters with a max screen count of 13 which, while out performing all other documentaries from the festival, makes it the lowest grossing PDA release.

Beware of Mr Baker, meanwhile, has become something of a surprise hit and just passed the century mark at the box office. It is now available on iTunes where it is in the top 100. A little under ½ the film’s tally came from one theater in NYC. So far, it has played 12 weeks in a maximum of 15 theaters. This doc is exactly reflective of the film one expects to see at the festival. It is a music focused film with a young director and edgy subject matter. Snag Films holds all digital rights to the film. This is notably much better than fellow Snag Films doc, Decoding Deepak, which reported opening weekend grosses of $9100 on 3 screens and quickly faded out of the theater. Both have most likely done solid numbers on digital platforms as marquee titles for Snag.

Like Blue Like Jazz, Fat Kid Rules The World was massively successful on Kickstarter raising $158,000 for its theatrical release. Matthew Lillard made his directorial debut with this film based on an award winning book that has many shades of his punk music upbringing. The film’s production budget was reportedly $750K. However, the film only grossed $41,457 in a one week run according to reported theatrical box office numbers. The theatrical consisted of a dozen cities with additional screenings supported by TUGG. It was released in partnership with Arc Entertainment.

Music Box Films has steered Starlet to over $88,000 with the film still playing in theaters, but near the end of the run. So far it played 12 weeks at a max screen count of 10. While not great numbers, the film about a unique friendship between an elderly recluse and a young porn star features real sex, which made it inaccessible to a number of theaters. Also still in theaters is the doc Gregory Crewdson: Brief Encounters about the notorious photographer. Zeitgeist keeps slowly adding dates and the film has steadily passed the $50k mark after 17 weeks with a max screen count of 3.

Performing on a smaller level were some well received documentaries. Oscilloscope’s Tchoupitoulas with $19,375 after 5 weeks on a max of 6 screens and Samuel Goldwyn’s Waiting for Lightning which got only $21,577 for one week on 11 screens.

On the narrative side, Cinedigm took horror film and midnight audience award winner Citadel to $13,377 in theaters for 9 weeks on a max of 7 screens and Red Flag Releasing handled the theatrical for the long delayed Duplass brothers film The Do-Decca Pentathlon. That film grossed $10,000 in its opening weekend on 8 screens and Fox Searchlight handled all other aspects of distribution.

TFC client Gayby was acquired for six figures out of the festival by Wolfe Releasing. The film grossed $14,062 from four screens and was the highest grossing gay comedy of the year. It played two weeks in Manhattan where it out-grossed all other films screening at The Cinema Village combined and later had a bonus run in Brooklyn. It also included a number of unique approaches. Most notably instead of a week-long theatrical in San Francisco, we held two special screenings at the Castro Theater. The gross for those screenings was higher than that of the entire run in the LA market. Though only out on DVD/Digital a few months, the film has already been profitable for Wolfe Releasing.

A lot of SXSW films embraced the youthful component of the festival and eschewed theatrical distribution entirely.

Documentaries: The Announcement, The Central Park Effect (Music Box has DVD rights), Uprising: Hip Hop & The LA Riots, and Seeking Asian Female premiered on ESPN, HBO, VH1, and PBS respectively.

Booster is available for download on iTunes/Amazon. Daylight Savings did a DIY digital, Extracted was released on digital platforms courtesy of Go Digital and Anchor Bay acquired The Aggression Scale, but opted to go straight to DVD.

Factory 25 just put Pavilion into release. They released The Sheik and I at the end of 2012, but did not report grosses. It played in four theaters with only Seattle lasting more than a week.

3,2,1…Frankie Go Boom (Phase 4),The Tall Man (Image), $ellebrity (DIY), King Kelly (Go Digital) and The Jeffrey Dahmer Files (IFC Midnight) also opted not to release grosses and all were out of theaters in a week (except for King Kelly which lasted 2) with a tally of under $10,000 likely for each. A few of these are in Amazon Instant Video’s top 25 list though.

Funeral Kings (Freestyle) and Beauty Is Embarrassing (DIY) did not release grosses, but played in far more theaters. The latter likely finished comfortably over $25,000. Kings is in the top 100 list on iTunes.

Meanwhile, several films failed to break $10k. Notably, they are all non-competition narrative films. All except for The Last Fall had rotten ratings on rottentomatoes.com, many below 10%. Perhaps they fared much better on digital and VOD for which numbers are not available.

These films included Crazy Eyes, bought pre fest by Strand Releasing and grossed $6,106 on 5 screens in 3 weeks. Cinedigm’s In Our Nature, a family drama starring Zach Gilford, Jena Malone, John Slattery, and Gabrielle Union grossed $6,543 in 2 weeks on 1 screen. The critically panned Magnolia comedy Nature Calls grossed a paltry $646 on 2 screens in its entire run. The Last Fall, a life-after-football drama, only reported its opening weekend gross of $6,100 on 1 screen.  Of these films, it came the closest to covering basic costs of a theatrical run.

Millenium Entertainment dumped comedy The Babymakers into the marketplace on 11 screens where even with the help of TUGG it only amassed $7,889. Anchor Bay’s generic horror film, Girls Against Boys, grossed $7,529 and went right to digital and VOD after 1 week in theaters. However, it is one of the top 100 horror films in DVD and Amazon instant video. They acquired the film for seven figures! Rec 3: Genesis, the third film in this successful horror series, was pre bought by Magnolia and lasted 4 weeks in theaters, but never had a PSA over $1k and bowed out at $9,600.

In the yet to be released category– IFC’s jury winning narrative film Gimme the Loot will be released March 22.  Phase 4 is sitting pretty on the audience award winning Eden and See Girl Run. Tribeca has Somebody Up There Likes Me queued for VOD release on March 12. Magnolia just bought Big Star which screened as a work in progress at the fest. Small Apartments bought by Sony Pictures Worldwide is also waiting in the wings for release sometime in 2013. Factory 25 has Sun Don’t Shine geared up for April 29 release.

BONUS TIDBIT: KICKSTARTER

At least 20 films at SXSW this year raised funds on Kickstarter. That is slightly more than 15% of the films playing at the festival. 22 features from last year’s festival used Kickstarter with a number of those campaigns held post fest. I anticipate this year’s fest to ultimately have over 30 feature films using the crowdfunding platform. Obviously crowd-funding is a huge boost for indie filmmakers as it provides the luxury of not having to worry about paying back investors. And this list does not include films that have used other sites like Indiegogo…In no particular order…

Mr. Angel 12 O Clock Boys, Improvement Club, Continental, Linsanity, Swim Little Fish Swim, Big Joy (x2), Our Nixon, Good Ol’ Freda, I Am Divine, Good Night, Fall and Winter, Medora, Maidentrip, White Reindeer, Bayou Maharajah (x3), All the Labor, This Ain’t No Mouse Music!, The Punk Singer, Finding the Funk

From last year’s festival, the list of Kickstarter funded films include ½ of the competition titles: Gayby, Gimme The Loot, Booster, The Taiwan Oyster (x2), Bay of All Saints, Seeking Asian Female, Welcome to the Machine, and The Jeffrey Dahmer Files,  and also Girl Walk/All Day, Brooklyn Castle (x2), Pavilion, The Last Fall, Blue Like Jazz, Fat Kid Rules The World, Beauty is Embarrassing, Code of the West, Tchoupitoulas, Leave Me Like You Found Me, La Camioneta, Electrick Children, Wonder Women! The Untold Story of American Superheroes (x2), Trash Dance (x2)

March 8th, 2013

Posted In: crowdfunding, Digital Distribution, Distribution, Film Festivals

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The Sundance narrative films are always the hot properties going into the festival, but many of these star-studded films fade while starless films often surprise. Here’s a look at how the narrative films from the 2012 festival performed.

THE BIGGER PLAYERS

FOX SEARCHLIGHT

They acquired the audience and jury prize winners from the US Dramatic competition and both have scored Oscar nominations. The Sessions was acquired for worldwide rights for $6 million and with a $4 Million P&A (prints & advertising) minimum. It has grossed $5,818,544 in North America an additional $3,135,887 overseas. The film has since sold to dozens of territories. Beasts of the Southern Wild, meanwhile played in theaters for a whopping 20 weeks and despite never being in more than 318 theaters (60% of the max count for The Sessions at 516) grossed more than every Sundance film from 2012 except for one. Its gross stands at $11,539,605. Furthermore, it was bought at a bargain of under a $1,000,000. It has also been released in over a dozen countries that have reported box office grosses with many more sure to come in light of its best picture Oscar nominations insuring that the film will more than make back its $1.8 million dollar budget.

SONY PICTURE CLASSICS

SPC is really known as the best company for foreign films in the US and being the latest champion of Woody Allen, but they continue to be very prominent at Sundance. They snatched up two high profile narrative films that performed on extreme opposite ends of the spectrum.

Smashed was acquired for $1,000,000 on the strength of Mary Elizabeth Winstead’s performance. Unfortunately, it is not easy to market a serious movie about 20 somethings attempting to get sober. Despite decent if not great reviews, it will max out at under $400,000 gross even though it received the typical maximum playout that SPC has to offer with its run peaking at 50 screens. Once P&A are accounted for this film is pretty much a loss for SPC.

Celeste and Jesse Forever performed much better at the box office grossing $3,094,813, but it went as wide as 586 screens and only had 5 weekends where it averaged a  PSA (per screen average) of over $1k. Acquired for $2,000,000, this film is most likely a slight loss for the distributor, but a big profit to the filmmaker who had a reported budget of under $900,000. It has grossed just over $200,000 from releases in 8 other countries.

OSCILLOSCOPE

28 Hotel Rooms barely played in more than 10 theaters and grossed $18,869. With so few locations, the focus was clearly on digital/VOD. For a NEXT film (meaning micro budget), it is far from a terrible gross and given poor to okay reviews. Hello I Must Be Going was an opening day film at the festival, but despite playing in more theaters during its run and not being available on VOD, it only managed $106,709. At its widest, it played in 15 theaters, but the expansion was too quick and the film fizzled fast.

IFC/IFC MIDNIGHT/SUNDANCE SELECTS

There are really two types of IFC releases in theaters. One is play a week at IFC Film Center in New York City and maybe one more location and the rest of the run is on VOD. The other is a theatrical push. In most cases, any late acquisitions announced well after a festival has wrapped fall into the former. Later acquisitions Price Check (2 theaters,$7,413 gross), Young and Wild (2 theaters, $5,514), and Save the Date (2 theaters, $5,719 gross)  have all grossed less than $10k in one week of theatrical release. Also not passing that threshold are The Pact and Why Stop Now (3 theaters, $2,432 gross) . As a horror film, The Pact likely performed much better on VOD, covering its mid six figure acquisitions price. The other films were targeting minority communities (Young and Wild) or relying on stars (Save the Date and Why Stop Now ) to push ill-reviewed films. VOD was not reported, but most likely these other films were all acquired for under $100,000. They should all eventually prove profitable for IFC, but not the filmmakers.

In contrast Liberal Arts has grossed $327,345 which is more than Josh Radnor’s  prior film Happythankyoumoreplease, but that film was dumped into the marketplace over a year after it won the audience award. Liberal Arts had the hot young actress Elizabeth Olson as a co star and produced a so-so gross for its over $1,000,000 acquisition price, meaning it had to do stellar on VOD, foreign and other ancillaries to be profitable

Sleepwalk With Me meanwhile  relied on a built in audience to get the message across and is truly something unique that is not easily duplicated by other indie films. It had the boost of winning Best of NEXT Audience Award at Sundance, a prime follow up at SXSW, Birbiglia’s comedian following and with, Ira Glass as producer, a tie in to “This American Life” which has a very loyal following. The film grossed $2,266,067 on 135 screens at its peak, stayed in theaters for 3 months and was followed very closely by a cable VOD release.  

This has not been a particularly strong year for IFC, but Sleepwalk With Me is its highest grossing film theatrically and the filmmakers themselves heavily promoted the film instead of relying on higher cost promotional/marketing methods as the central way of getting out the word. All parties worked overtime to push the film and it is not a model that an unknown would be able to ever duplicate.

MAGNOLIA/MAGNET

Magnolia admitted that part of the reason it was not financing the awards campaign for Ann Dowd for Compliance was because the film lost money. While this controversial film is the third highest grossing film ever from the Next section and $319,285 is nothing to cry about, the film was also not released day and date VOD as is typical for the distributor. In its first week it amassed $43,346 on one screen, but it did not hold up well in expansion. It topped out at 21 screens in its fourth week and while the acquisition price wasn’t reported, it most likely was no more than low six figures. I think this is a case of unrealistic expectations.

V/H/S played in almost as many theaters and only grossed $100,345 (releasing in October, naturally), but as with The Pact its money came from VOD and a sequel (S-V/H/S) was quickly put through which was at this year’s fest (picked up for release by IFC). Even though $1,000,000 was spent to acquire it, this film should prove to be pretty profitable.

Meanwhile, Nobody Walks was only in theaters for 5 weeks and never played on more than 7 screens, grossing a measly $25,342 . It was acquired for mid-high six figures and the focus was clearly always on VOD. While VOD was not reported, given the cast and producing powers it is likely to have recouped.

Magnolia also released 2 Days in New York, the sequel to 2 Days in Paris to the tune of $633,210 and Magnet came to the festival with Tim and Eric’s Billion Dollar Movie which did okay theatrically with $201,406.00 and both likely had a robust life in the digital sphere.

TRIBECA FILM

Tribeca Film released two US Dramatic entries. For Ellen grossed $12,396 on 3 screens for 7 weeks despite the presence of Paul Dano. The Comedy however has grossed     $41,113 on 4 screens for 8 weeks and the bulk of that coming from one screen in NY capitalizing on its Brooklyn setting. Both did day and date, but I imagine The Comedy outperformed For Ellen there too.

THE ONE OFFS

Keep the Lights On and Middle of Nowhere did almost identical business. Middle of Nowhere was released by writer/director Ava DuVernay’s distribution company AFFRM and played in a mix of major urban megaplexes and arthouse theaters, grossing $236,806 on 25 screens for a total of 9 weeks in theatrical release. Keep the Lights On had the backing of Music Box Films and relied heavily on screens from Landmark and specialty houses in LGBT dominant markets. The film grossed $246,112 on 10 screens for a total of 16 weeks in theatrical release. Red Hook Summer hired Variance Films for its DIY theatrical and grossed $338,803 on 41 screens for total of 11 weeks in theatrical release. The Spike Lee feature was made for under $1,000,000. While it grossed more than the two films above, it did so with a brand name director.

Safety Not Guaranteed was acquired by Film District for over $1,000,000 and grossed $4,010,957 on 149 screens for a total of 19 weeks in theatrical release. The film only cost $750,000 to make and has had some international success too.

Focus Features paid over $2,000,000 for worldwide rights to For a Good Time Call but the film only grossed $1,251,749 in the US and a little over $100,000 in the UK. This may seem bad, but the film was available on VOD when it opened and has been a top performer on iTunes. It never played in more than 107 theaters. The film cost $1,300,000 to make so it also turned a nice profit for the producers.

The $2.5 Million budgeted Robot and Frank was acquired by Sony and Samuel Goldwyn for over $2 Million and grossed over $3.3 Million theatrically. It has grossed another almost $500,000 internationally.

But the big success is Roadside Attraction’s Arbitrage which they paid over $3,000,000 for and chose to do VOD/Theatrical. It has grossed almost $8,000,000 and equaled that on VOD.

Lastly, The Words was the only Sundance 2012 film to get a wide release, 2801 screens. CBS bought the closing night film for $2,000,000. It managed $11,494,838 barely out performing Beasts of the Southern Wild.

THE BIT PLAYERS

Image debuted the star studded film Goats on four screens to a PSA of under $500 and its theatrical run quickly ended in one week. The film was acquired for almost $1,000,000 coming nowhere close to the film’s $5,000,000 Budget. A loss for all involved.

California Solo is still in theaters, but with a current gross of $15,433 on 2 screens for the last 6 weeks, it is not a breakout for Strand Releasing. Unlike a lot of recent Strand acquisitions from Sundance, it actually received a theatrical release.

Teddy Bear is one of the few world dramatic films to sell and though it only grossed $16,138  for Film Movement, this is a notable success. It is a foreign mumblecore film with no name actors and it out grossed other films that have been released from the same programming section.

Sony Worldwide’s release of The First Time will likely be its last since the film couldn’t get over $25k despite opening in 19 theaters. The theatrical only lasted one week.

Madrid, 1987 and That’s What She Said did not report grosses. The latter shared screens in LA and NY then immediately went digital courtesy of Phase 4. The Film Collaborative handled the theatrical for Mosquita Y Mari. While it grossed under $15k, it is the highest grossing Lesbian narrative of 2012 that received theatrical release.

THE VOD OVERPAY

TWC Radius release Lay the Favorite is a domestic theatrical flop and not likely to justify the acquisition price of over $2,000,000. Lay the Favorite grossed only $20,998 theatrically in the US and has barely grossed over $1,000,000 abroad. Considering the production cost was $20,000,000, there are probably a lot of angry investors.

Their second acquisition, Bachelorette, cost a fraction of that production budget at $3,000,000 and has grossed almost $10,000,000 overseas ($447,954 domestically) and debuted at #1 on iTunes. The advance cost was $2,000,000. It will recoup for investors and may ultimately do so for TWC thanks to the likes of Rebel Wilson.

Millennium meanwhile is probably questioning paying just under $4,000,000 for Red Lights which grossed a puny $ 52,624 at the box office. With the star power and being a genre film, it is likely to have performed much better on other outlets, though the path to profit would be daunting at that acquisition price.  It has made over $13,000,000 overseas theatrically. Despite that, it is possible it won’t make back it $17-20 Million production budget.

RECAP

  • While VOD adds costs to a theatrical, it is often a win-win for distributors and filmmakers.
  • NEXT films are doing better at the box office, but still not measuring up to the box office of the US Dramatic films.
  • 9 of the 38 Narrative releases grossed over $1,000,000 (5 premiere, 3 US Dramatic, 1 Next)
  • 8 of the 38 narrative releases failed to gross over $10k at the box office (3 Premiere, 2 World Dramatic, 1 US Dramatic, 1 Next, 1 Midnight)



BLOG EXTRA

Sundance received over 12,000 submissions for under 200 slots at the 2013 festival. You are more likely to get into Harvard than you are into Sundance. Yet a number of people manage to do it multiple times and even in the same year. Here are the double and triple players.

David Lowery co-wrote and co-produced Pit Stop and also wrote/directed Ain’t Them Bodies Saints and edited Upstream Color. All were official selections at Sundance this year.

James Franco and Vince Jolivette each have Interior. Leather Bar, Lovelace, and Kink. Jolivette is a producer on all three films. Franco co-wrote and stars in Interior. Leather bar, stars in Lovelace and directed Kink.

Mary Elizabeth Winstead stars A.C.O.D and The Spectacular Now. Her costar in The Spectacular Now, Brie Larson, is also in Don Jon’s Addiction.

Juno Temple is in Afternoon Delight and Lovelace.

Casey Wilson co-wrote and stars in Ass Backwards and is also in C.O.G

Amy Seimetz is not only one of the stars of Pit Stop, but this indie darling is also in Upstream Color.

Table for your reference of the docs and narratives from Sundance 2012

Film Company Deal Amount Terrtitories Sales Company Box Office/Release Section Budget Other Theatrical Countries with reported grosses Additional Countries with a release International Grosses
Bestiaire Kimstim Films US $1,428.00 New Fron NA NA  NA
Putin’s Kiss Kino Lorber N/A North America N/A $9,114.00 world doc NA Denmark  NA
The Law in These Parts Cinema Guild US Liran Atzmor, Produce $10,309.00 World Doc NA NA  NA
China Heavyweight Zeitgeist N/A US EyeSteelFilms $10,550.00 World Doc NA Japan  NA
Payback Zeitgeist N/A US N/A $17,979.00 World Doc NA Canada  NA
The Ambassador Drafthouse Films N/A US Trustnordisk $28,102.00 World Doc NA NA  NA
West of Memphis SPC N/A Worldwide Peter Jackson and Ken Kamins $46,307 Doc Premiere NA Portugal, United Kingdom  NA
The Invisble War Cinedigm and New Video N/A North America The Film Collaborative $62,649.00 US Doc NA NA  NA
5 Broken Cameras Kino Lorber N/A US CAT&Docs $74,571.00 World Doc $250,000 United Kingdom Canada, Japan, Sweden $36,372.00
Escape Fire Roadside N/A US CAA $87,577 US Doc NA NA  NA
Marina Abramovic Music Box N/A US Submarine $86,637.00 us doc Austria, Italy, Poland, Russa, Ukraine France, Germany, Ireland, United Kingdom $57,127.00
How To Survive a Plague Sundance Selects High Six Figures North America Submarine $123,814.00 US Doc NA NA  NA
The Other Dream Team Film Arcade & Lionsgate Mid Six Figures North America WME $135,228.00 US Doc NA NA  NA
The House I Live In Abramorama US Theatrical $186,059 US Doc United Kingdom $8,407.00
Something From Nothing: The Art of Rap Indomina Over $1,000,000 Worldwide UTA $288,312.00 doc premiere United Kingdom NA $45,388.00
Detropia DIY $377,219 US Doc NA NA  NA
Ai Weiwei: Never Sorry Sundance Selects N/A North America Cinetic Media, Victoria Cook $489,074.00 US Doc Austria, Germany, Russia, United Kingdom Denmark, Sweden, Taiwan $334,911.00
Shut Up and Play the Hits Oscilloscope N/A North America WME $510,334.00 Midnight United Kingdom Germany, Portugal $118,773.00
Chasing Ice Oscilloscope N/A US  (Non TV) Submarine $940,300 US Doc NA NA  NA
The Imposter Indomina N/A North America A&E Films $898,317.00 World Doc Denmark, Russia, United Kingdom Australia, France, Ireland, Kuwait, Netherlands, New Zealand, Sweden $1,870,940.00
The Queen of Versailles Magnolia Mid Six Figures North America Submarine $2,401,999.00 US DOC United Kingdom NA $93,707.00
Searching for Sugar Man SPC Mid Six Figures North America Submarine $3,095,075 World Doc Australia, Denmark, New Zealand, Sweden, United Kingdom, United Arab Emirates France, Germany, Netherland, Norway $2,203,958.00
Indie Game: The Movie HBO And Scott Rudin
(Remake Rights)
N/A TV Film Sales Company B.O. Gross not
Reported
world doc NA Taiwan  NA
Big Boys Gone Bananas DIY Theatrical US B.O. Gross Not Reported World Doc NA Sweden, Canada, UK  NA
Bones Brigade The Film Sales Company/Sundance Artist Services DIY Theatrical and Digital Platforms US The Film Sales Company B.O. Gross Not Repoted Doc Premiere NA Japan  NA
Room 237 IFC Midnight N/A North America Betsy Rodgers 2013 New Fron NA Denmark, Ireland, Sweden, United Kingdom  NA
Under African Skies Snag Films N/A Exclusive Digital A&E Films Digital Doc Premiere NA NA  NA
The House I Live In Snag Films Domestic Distribution Digital US Doc NA NA  NA
Love Free or Die Wolfe US DVD/VOD Cinephil Digital US DOC The film will be available for educational/non-theatrical screenings beginning in October through Kino/Lorber in partnership with Wolfe, followed by airings on PBS stations nationwide as part of the series “Independent Lens.” Wolfe will release the film on DVD/VOD in 2013. NA NA  NA
About Face HBO Doc N/A TV Pre-Fest TV Doc Premiere $500,000 NA Italy  NA
The D Word HBO Doc N/A TV Pre-Fest TV doc premiere NA NA  NA
Chasing Ice National Geographic N/A TV Submarine TV US  Doc NA NA  NA
Marina Abramovic HBO Doc TV Pre-Fest TV us doc NA NA  NA
Me @ The Zoo HBO Doc Mid Six Figures TV Submarine TV us doc NA NA  NA
The Queen of Versailles Bravo N/A TV Submarine TV US DOC NA NA  NA
Ethel HBO Doc N/A TV Pre-Fest TV/B.O. Gross not reported Doc Prem NA NA  NA
Under African Skies A&E Films N/A TV/Theatrical A&E Films TV/B.O. Gross Not Reported Doc Premiere NA NA  NA
A Place At the Table (Finding North) Magnolia US Submarine US DOC NA NA  NA

January 29th, 2013

Posted In: Digital Distribution, Distribution, Theatrical

Tags: , , , ,


Sundance is the preeminent film festival in the world to premiere documentaries. In fact, 10 of the 15 films shortlisted for the 2013 Oscar for best documentary had their debut at the 2012 festival and 4 of the 5 nominees world premiered at the festival.

11 of the documentaries have grossed over $100,000 at the North American box office (with a 12th all but guaranteed). That is just barely less than the number of docs from TIFF, Cannes, Berlin, SXSW, and Tribeca combined that were able to cross the same threshold.

The Sundance Film Festival is an important venue for documentaries

The Sundance Film Festival is an important venue for documentaries

 

At the top are the two docs that were the day one films last year. If I was the producer of Twenty Feet From Stardom, this fact would make me pretty damn happy. Last year’s Searching for Sugar Man and Queen of Versailles both sold for mid six figures and enjoyed enormous success.Twenty Feet sold on Thursday to Radius and the Weinstein Co. in one of the first deals at the festival. It is scheduled to launch theatrically in the States later this year.

Performing well beyond expectations is Searching for Sugar Man which won the world documentary audience award has grossed just over $3,000,000 in the careful hands of SPC. Acquired for mid six figures the film is easily profitable for the distributor and with distribution in at least 11 other countries and an international gross of over $2,000,000 it is also easily profitable for the filmmakers.

As with a number of films we will get to in a bit, this film had a rather slow rollout and opened to a decent, but not spectacular PSA of $9,153 on 3 screens. As with other top grossing docs from prior year’s this film deals with a would-be star, a Cinderella story, and has a bit of a mystery.  For 18 weekends in a row, the film averaged over $1,000 PSA which is nothing short of remarkable. At its widest, it played in 157 screens, but at that point it had already grossed well over a million.

While Queen of Versailles opened to a much higher PSA of $17,109 on 3 screens it also expanded much more quickly and the gross suffered slightly for it. Its widest release was on 89 screens and that happened in its 4th week of release. It had 10 weekends averaging over $1k for the PSA, but basically dropped its count from week 4 on. That said, the run is nothing to complain about and a film of this type was never going to be able to play to the slow burn that Searching For Sugar Man has. What is worth noting, Magnolia chose not to day and date VOD and paid mid six figures for the film. With a total gross of $2,401,999, this film is also quite profitable for the distributor and has been a great performer on iTunes and other digital platforms since its theatrical ended. Internationally it has only been released in the UK where it has grossed $93,707.

The only company to have two documentaries from this year’s fest that grossed over $250k is Indomina. The Imposter and Something From Nothing: The Art of Rap. The latter was a combined deal with BET handling the TV premiere. The total acquisition cost was over $1,000,000.

Two other films that performed surprisingly well are the self-released Detropia and the Oscilloscope acquired concert doc Shut Up and Play the Hits. Detropia left Sundance with offers, but none of which felt right for the ode to those who have stayed in my hometown of Detroit. The filmmakers who are something close to Documentary royalty rose over $60k on Kickstarter. They opened on one screen in Royal Oak (a Detroit Suburb) and grossed $21k for the weekend. While the film has played all right outside of the Midwest, with over 1 month in the big Apple, the bulk of its grosses came from theaters throughout Michigan and the rust belt area. They were able to book both solid art house venues as well as major chains that typically would never screen a documentary. To date, the film has grossed over $377k and is a great model for DIY Theatrical. And while Burn premiered at Tribeca, the doc also did quite well relying on a regional approach. The film about Detroit firefighters has grossed just over $100k with the bulk of it coming from a theater in Chicago and a theater in Metro-Detroit. It too is a DIY, but expanded to far fewer markets.

Shut Up and Play the Hits is a band’s farewell concert doc and so Oscilloscope’s decision to do a special one night engagement at theaters around the country made perfect sense. On 161 screens it grossed $378,751! That total is from one night! It then announced that due to strong demand it would play longer. Though it disappeared from theaters in under a month it managed $510,334 and with fans doing the advertising for Oscilloscope this film is easily profitable.

The Other Dream Team was distributed by the fledgling Film Arcade in partnership with Lionsgate. The film grossed $135,228 during its 7 week run (comparatively short to a number of other films on this list). At its peak, it played in 14 theaters. While not a slam-dunk and most likely at a financial loss to the distributor, this at least shows their potential for future releases.

The Political Issue Docs

The House I Live In sold digital rights to Snag Films, but had a theatrical courtesy of Abramorama and has grossed $186,059 in the US. It opened on two screens to a PSA of $12,122 and has never played in more than 12 theaters. With Snag bound to maximize digital, this is a decent performance that only seems weaker with the high profile names that have gotten on board this film and for winning the Sundance jury prize.

How to Survive a Plague is a major theatrical under performer for Sundance Selects. They paid high six figures for this emotional macro look at Act Up.  With the film currently grossing $132,055 theatrically and most likely out of theaters for good save for a decision to bring it back in thanks to its Oscar nomination. Is grosses are not terrible, but far from great. Despite near universal critical praise, it had a number of barriers that it was unable to get over. Gay audiences are not as theatrically loyal as they used to be. They have shown that AIDS is not something they want to relive in the theaters. And straight audiences usually avoid films anchored by gay content. It will inevitably make the bulk of its money on VOD, but considering its potential, this is nothing short of a disaster. Performing much better for the distributor was Ai Weiwei: Never Sorry which at $489,074 just narrowly missed the ½ million mark. The acquisition price was not stated so we can assume it was below mid-six figures and most likely a decently profitable film for Sundance Selects.

5 Broken Cameras has grossed $75,607 in the hands of Kino Lorber and played in theaters for 22 weeks. It never played wider than 6 screens and 15 of the weeks it was in theaters it only played on 1. With next to no advertising costs and an Oscar nomination to boot, this foreign film should recoup for the budget minded specialty distributor. What remains to be seen is if any new theaters will book the film leading up to the Oscars.

The Invisible War (disclaimer:TFC is the sales agent) is a different kind of success. While the film is the lowest grossing US Documentary film to get a theatrical out of Sundance 2012, it did something none of the other films were able to; the release resulted in changes in governmental policy. There were multiple screenings held at the Pentagon and the film had a fantastic festival run to boot. Just as with the also Oscar nominated micro-budget Gasland, the success shouldn’t be judged simply by the audience, but the changes being implemented to military policy. It is also one of the highest grossing films for Cinedigm and has dwarfed the performance of its other festival acquisitions this year. Box office gross $64,010.

Escape Fire on paper would seem to have a lot going for it.  The film is about a major crisis that factored into a Presidential Election year. It was distributed by Roadside Attractions who maximized more challenging films like The Cove and Project Nim to mid-high six figure grosses. They also partnered with TUGG to spread the word. However, the film had a number of things working against it; some of which could have been fixed. Their social media campaign was something of a hot mess. Less than a month before announcing their deal with Roadside, the production attempted a second Kickstarter campaign to raise funds for the theatrical, yet they simply stopped. That suggests to me that most likely the deal with Roadside was a service deal. Tugg did add some interest in a few cities, but it opened on 26 screens and was down to 2 the following week. At present, it has just barely out grossed Marina Abramovic, but that film played on fewer screens and most of its run took place after it had premiered on HBO. More importantly, Escape Fire has failed to spark legislative change. Box office gross $87,577.

Also underperforming is West of Memphis produced by Peter Jackson. The film came out the end of December and still has 90 or so theaters yet to open in, but its initial response has been tepid at best. With SPC guaranteeing the maximum payoff possible, this film may ultimately be able to gross about $200,000, but even that mark might not be reached. To date, it has grossed only $57,416 on 9 screens. While the acquisition price is not known, just by virtue of advertising costs alone, this film will not be profitable for the distributor. It will also lose out from not making the Oscar shortlist and having a run time of well over 2 hours.

Marina Abramovic: The Artist is Present was released in theaters by Music Box Films who chose to release the film in just 2 theaters before it premiered on HBO to a gross of over $45k. It ended its run with  $86,637 and most of its additional theaters were special engagements at museums and other non-traditional theater venues. This reduced costs for extra markets and as a result of creative thinking, this film is the highest grossing doc to have premiered on HBO this year and outgrossed all the other ones combined.

Barely registering were a number of world documentary films and Doc Premiere films, in the case of the latter it is perhaps a bit surprising when factoring in the range of successes among the general premiere films (which will be addressed in my next post).

World Doc Jury winner The Law In These Parts grossed $11,227 on one screen for one month thanks to Cinema Guild. Putin’s Kiss which premiered at IDFA was even lower at $9,114 on one screen for about 3 months. Grossing just barely more than both of them are Zeitgeist’s China Heavyweight ($10,550 on 4 screens for 3 months) and Payback ($17,979 on 3 screens for 4 months). The total gross of those two films is less than the box office gross of SXSW acquisition Gregory Crewdson which is still in theaters and clocking in at $42,822. The Ambassador managed $28,102 for Drafthouse which considering they have their own theaters to help release the film, makes it possible that the theatrical wasn’t a total financial loss.

Bones Brigade had a DIY theatrical courtesy of The Film Sales Company and did not report grosses, however a complete case study of what they accomplished is now available on the Topspin Media blog. The film is now available on digital platforms. Big Boys Gone Bananas had an Oscar Qualifying run and Indie Game: The Movie did not report grosses but as was covered in an earlier blog post recouped using a number of other creative DIY methods. They also wrote their own case study and published it on their blog.

Love Free or Die has a DVD/VOD deal with Wolfe, The D Word, About Face, Me @ The Zoo, and Ethel are all HBO Docs. Ethel had an Oscar qualifying theatrical and made the shortlist, but did not get nominated. After successfully raising $29741 on Kickstarter for finishing funds, Me @ the Zoo was acquired for $500,000 and the filmmakers recouped.

Be sure to  check in next week for my final post on Sundance 2012 films with a look at the narrative films released over the last year.

 

January 23rd, 2013

Posted In: Distribution, Film Festivals

Tags: , , , ,


Every year there are new companies formed that want to make a big impression in the distribution world. The 2012 crop of new indie distributors is unique in that a lot of them aren’t really new. They include sales companies expanding their reach, Digital companies going theatrical and international companies making a domestic presence with varying levels of success. This post will take a look at how independent film distributors fared over the last year.

indomina logo

Indomina Releasing came out big at the 2012 Sundance Film Festival acquiring four films. They are the only company to have two documentaries from this past year’s fest gross over $250k (The Imposter and Something From Nothing: The Art of Rap). Something from Nothing was a combined deal with BET handling the TV premiere. The total acquisition cost was over $1,000,000, and though it is unknown how the cost was split, it is reasonable to assume that the TV deal was at least half of the paid price. They launched Something from Nothing on 157 screens in the opening weekend and the film grossed $288k. While it is far from their most successful film, by opening as wide as they did and having a partnership with BET, they reduced their liability and at worst it was a modest loss and most likely profitable after digital platforms.

The Imposter only opened on one screen which is where it stayed for its first two weeks racking up almost $50k! It then expanded ever so slowly to 2 then 8 then 13 screens at which point it was in its fifth week of release and had grossed over $150k. From week 5-6 its PSA (per screen average) went up by over 25% and it broke the 250k threshold while playing on 19 screens. At its peak, it played on only 31 screens and was still averaging over $3k PSA. The film, which opened in July, played until early December! When it comes to documentaries with harder to define subjects, it is almost always better to let word of mouth build. With few exceptions, only high profile names should be opened on a larger screen count. With a total North American take of $898,317, this film should be quite profitable for Indomina. The acquisition price is not known, but based on reporting practices, we can assume it was no more than low six figures. It has grossed another almost $2,000,000 worldwide. Finally they released Holy Motors which has soared to the $588k mark in 29 theaters in the US despite being nearly impossible to describe. Not shying away from edgy genre fare or challenging documentaries, the sky is really the limit for this relatively recent entry into the theatrical game.

Also performing quite well is Submarine Deluxe which is a branch of the Braun’s Submarine Entertainment. Following the success of PDA, Submarine has stepped in when top documentaries either didn’t attract the offers they thought they deserved or when things went south with the distributor They recently released Chasing Ice which has grossed over $940k with the $1,000,000 prize in sight. It made the Oscar shortlist for best documentary and though it didn’t make the final cut, it did get an Oscar nomination for best song. It has also targeted some rather untraditional theater choices and markets ranging from Cinemark theaters to one screen arthouses in small towns. They did this with the help of Emerging Pictures. Emerging Pictures has helped with the releases of the four highest grossing docs from Sundance 2012 (Doc distributors take note!) The PSA each week has held relative steady since their major expansion though it did finally see its PSA drop below $1k. It ultimately played on 53 screens. As with some films mentioned above, it has a television deal with National Geographic so this is all just icing on the cake. What remains to be seen though is if Submarine Deluxe will step in for a film that is not also a sales client?

The film arcade logo

Though not quite equaling the success of the above two companies, there are a lot of positives to be said for The Film Arcade. They released two films in 2012 each grossing around $150k. The Other Dream Team and Simon and the Oaks used very similar release strategies. They opened on just 1 or 2 screens then expanded to 7 and then to about a dozen with PSA’s holding relatively steady for a few weeks after the initial second week drop. The problem is, neither film had long theatrical runs where they were able to maximize locations. They have established a solid partnership with Lionsgate that will help the films on other mediums and both films were truly difficult to sell foreign films. The question is, can they produce a true breakout?

Adopt Films finally at year’s end has shown some potential. They have a good eye for quality foreign films, but have failed in converting that into box office success. They literally bought every award winning film out of Berlin 2012 and despite fantastic reviews for Sister and Tabu, they were unable to convert it into audiences. Sister has grossed less than $25k, Tabu opened on one screen with a PSA of about $5k and a new film, Barbara, was released timed for the Oscar shortlist, but it failed to make the cut. Its opening weekend grosses were passable, but based on the awards campaigning costs and the amount of screens they opened on, it is an immense underperformer compared to other awards fare. That said, in one week Barbara has out-grossed all of Adopt’s films combined. Through its 2nd week it had passed the $200k mark. Adopt has chosen not to report grosses online.

Entertainment One is not a new company at all, but is new to the American marketplace as a distributor. They have long been dominant in Canada and after acquiring Alliance, they are clearly the highest profile Canadian indie distributor. In the US, they have released a number of films that have featured big name stars, but mediocre reviews. While they took in $763,556 from Cosmopolis that is far from a great gross for a film from an established director. They opened on three screens and averaged $23,466 which is solid, but when they expanded the following week to 64 screens, their PSA dropped by almost 90% to $2,453. It only averaged a PSA over $1k for four weekends and then quickly faded out. That is much better than Dustin Lance Black’s directorial debut Virginia which ended its run at $12,728. The also star studded Jesus Henry Christ did slightly better on a lower max screen count of 3, but still only pulled in $20,183 by the end of its run.  The 2012 Sundance acquisition Wish You Were Here has yet to be released and it too received less than stellar reviews. That said, even when they have a well-reviewed film, they haven’t always converted it to a success. Carol Channing: Larger than Life was anything but with $22,740. All the more disappointing by the fact that human interest docs are doing quite well as a whole.

They also have A Late Quartet which has quietly grossed over $1.4 mil to date. It has had a PSA over $1k for 9 weeks and will most likely double the gross of Cosmopolis. For a film that stars Christopher Walken, Philip Seymour Hoffman, Catherine Keener, and Imogen Poots this still feels kind of like a flop.

Performing below expectations is TWC-Radius. While this ultra-VOD off-shoot of The Weinstein Company paid $2,000,000 each for Lay the Favorite and Bachelorette, the films combined for a theatrical take of less than $550,000. Bachelorette did debut at #1 on iTunes, but with having to pay the premium price for 60 theaters to book the film and the outsized advertising expense to launch the film and by default the TWC-Radius label, it is at best barely profitable. Despite opening in 61 theaters, Lay the Favorite has grossed less than $25k. Or in simpler terms, the film was seen by more people at Sundance than it was in its entire 61 screen theatrical run. The rest of the titles on the Radius label are basically the leftovers of TWC mistakes including The Details and Butter. None of these have averaged over $1k PSA in their opening weekends.

Looking ahead to 2013, Picturehouse is back and we will see if they strike for anything at this year’s Sundance festival. I also expect Indomina Releasing and Entertainment One to flex some muscle.

Next week, I will look at how the Sundance 2012 documentaries fared in release. Stay tuned!

January 17th, 2013

Posted In: Distribution, Distributor ReportCard

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