Similarly, Netflix bought “Operation Mincemeat” starring Colin Firth, but for North American and Latin American rights only deals made in other territories remain intact.
At the 2021 European Film Market, Netflix paid $18 million for the Liam Neeson title “The Ice Road” - US rights only, since Neeson action films are a hot property and the film was already sold in territories all over the world. Global streamers like Netflix and Apple TV+ generally prefer to buy worldwide rights, although there are exceptions. Said Goretti, “We have no intention to give back these rights now.” Eagle Pictures holds Italian rights on “CODA” for 20 years.
#Coda sundance tv#
Not only did he still plan to release “CODA” for Christmas 2021, he’s already sold Pay TV and free TV rights in Italy. “It would mean taking all the risk on flops and capping our upside on hits.”Īndrea Goretti, CEO of Italy’s Eagle Pictures, told Variety that he received a call from Pathé February 1 inquiring if the distributor would be willing to sell back Italian rights. “If we begin to accept this idea we’d go out of business,” Sun executive director Ricardo Costianovsky told THR. Sun Distribution Group, which bought “CODA” for Latin America, was nonplussed by the Apple buy. Oscars 2023: Best Original Score Predictions 'Emancipation' Trailer: Will Smith Stars in Apple's Slavery Drama Now Headed for December Release 'Emancipation' Doesn't Need a Will Smith Comeback to Get a Best Picture Nomination Those international distributors participated in a bedrock strategy of independent film: Take the risk up front for the potential reward of a hit title. Many Sundance films come to the festival with all rights available - indie films can be a tough sell overseas as well - but “CODA” is the remake of an award-winning 2014 French film, “La Famille Bélier.” Financing on “CODA” came from French companies Vendôme Group, Pathé, and Patrick Wachsberger’s Picture Perfect Entertainment, but territory presales on “CODA” were crucial in getting the $10 million film made without a US distributor.
Nordisk Film, which pre-bought the rights nearly two years ago, confirmed to IndieWire that the company still plans to release the film in the Nordics. When Apple bought worldwide rights to Sian Heder’s “CODA” for $25 million January 30, the financiers planned to make buyback deals with those rights holders. The “CODA” angst belongs to a much larger question: How can Apple hold all worldwide rights to a film that’s already sold to territories all over the world? The fear isn’t that streamers’ deep pockets will make it impossible for others to compete, although that’s certainly a possibility. The record-breaking Apple Studios acquisition of “ CODA” is still creating anxiety weeks after the Sundance Film Festival ended.
0 kommentar(er)
