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by Paula Bernstein
September 30, 2013 11:58 AM
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DirecTV Goes Indie with new A24 Deal: Satellite Operator Will Co-Finance and Market Independent Films

There's a new player in the independent film business, DirecTV. The satellite operator has partnered with independent film studio A24 to acquire films, which A24 will release theatrically. DirecTV will get the rights to offer the films on-demand 30 days before their theatrical release, the Wall Street Journal reported.

DirecTV has committed $40 million to the partnership, a relatively small portion of the satellite operator's total revenue ($7.7 billion in the second quarter of 2013), according to Variety.

"Enemy," starring Jake Gyllenhaal, directed by Denis Villeneuve and based on Javier Gulon's adaptation of Jose Saramago's novel "The Double," was the first film the two companies jointly acquired (at the Toronto Film Festival). DirecTV has plans to debut "Enemy" in early 2014.

A24 also acquired North American rights to Steven Knight's Tom Hardy-starring thriller "Locke" and Jonathan Glazer's moody sci-fi thriller "Under the Skin," starring Scarlett Johansson, out of the Toronto International Film Festival. The New York-based company was founded in August 2012 by David Fenkel, Daniel Katz and John Hodges to acquire and produce films, with the goal of releasing eight to ten films annually. Recently, A24 has released James Ponsoldt's "The Spectacular Now," Harmony Korine's "Spring Breakers" and Sofia Coppola's "The Bling Ring."

The deal is a sign of the increasing importance of VOD for indie titles. It will also give A24 more leverage when bidding on films. "What we're seeing here is a powerful partner who's not just incentivized to maximize transactions, but to invest in the movie's long-term value," David Fenkel, a partner at A24, told the Wall Street Journal.
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3 Comments

  • Clinton Gallagher @virtualCableTV | October 2, 2013 11:31 AMReply

    This move makes business sense considering the apparent fact that Google is going to take over the NFL and sports packages beginning 2014.

    The best thing about this trend to finance independent productions is the fact that it finally makes it possible to pull the parasitic Hollywood Jews and their New York cousins the Jews that control TV studios and productions off of everybody's back.

    Most of us know the Jews attached themselves like ticks to suck the life blood out of the TV production and film industry determining who can and who cannot work since they "went legit" with their criminal enterprises during the prohibition era moved into radio, established payola, ripped off and cheated every Negro on the planet and have imposed their racist belief system which has undermined all of America while getting away with blainmg it all on Sicilians and the "Mafia" in their movies specious and fallacious as they have been.

    The end of the control of the Jewish hegemony will one day make one of the best docudrama movies of all and I can only wonder who --now that they have the freedom to do so-- will have the integrity to tell the truth once and for all.

  • POM POM PICTURES CORPORATION | September 30, 2013 2:20 PMReply

    FROM POM POM PICTURES CORPORATION
    CHAIRMAN NESBIT SCOTT MCCULLOUGH JR.
    1709 STAUB STREET
    PHOILADELPHIA PENNA. 19140

    DEAR SIR,

    I WOULD LIKE TO HAVE INFORMATION SENT TO ME ABOUT DOING INDEPENDENT FILMS FOR YOUR COMPANY.


    THANK YOU

    NESBIT S. MCCULLOUGH JR.

  • Matt Beickert | September 30, 2013 2:15 PMReply

    I heard that films weren't selling at festivals? Sounds like Toronto was a hit for several filmmakers and more content is being scooped up by more providers. Those are good economic indictors, I'd say.