A24 is reportedly looking to begin searching for more 'action and big IP' movies and television series to distribute.
, A24 — the film and television production and distribution company largely known for putting out smaller-budget, character-focused projects — is beginning to search for more commercial movies and shows to distribute.
A top agent familiar with the company told The Wrap that the A24 is “deemphasizing the traditional character/auteur-driven dramas.” Another individual involved with the company countered this by saying the studio wasn’t necessarily going to stop putting out these types of “auter-driven” films. Rather, they said A24 is “doing more” by looking at bigger projects and “widening the aperture.”
According to sources speaking with The Wrap, A24 lost a significant amount of money over the past several years on projects such as 2019’s “Everyone in the independent film space is aware that A24 needs to pivot to more commercial films alongside its arthouse slate,” a distribution executive said. “With a $2.5 billion valuation, it’s pretty obvious that they need to expand into more commercial films.”Founded in 2012, A24 has put out a number of highly-regarded dramas over the years. Two A24 films have won Best Picture at the Academy Awards, 2016’s.
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