Facing the uncertainty of an indie market in limbo (and following abox office flop for indie hopeful 'Moonfall,') buyers and sellers logging into the European Film Market long for the days when dealmaking was a more personal affair: 'You just want to sit across the room and talk to someone again.'
, the upcoming biopic starring Michael Shannon as the infamous red-baiting U.S. Senator Joseph McCarthy, including sales to The Jokers for France, Tohokushinsha for Japan, and Vértice Cine for Italy, Spain, Portugal and Latin America., Michael Mann’s long-in-development biopic about the legendary Italian car designer, withstar Adam Driver stepping in to replace Hugh Jackman in the title role and Penélope Cruz and Shailene Woodley joining the cast.
Also shortly before Berlin officially kicked off, arthouse streaming group MUBI picked up multiple territory rights on select unsold territories, including in Latin America, India, the Middle East and Africa, for Ryusuke Hamaguchi’s multi-Oscar nomineeBut, notes Vilsmaier, virtual markets favor certain films, movies with recognizable names that fit into clear genre categories. A movie like Protagonist’s— a low-budget Norwegian supernatural horror — needs a physical market to generate buzz.
Berlin, traditionally, has been the market to launch big-budget indie projects, but shifts in the global market — particularly the drop-off in big pre-buys out of Asia — mean there will be few, if any, $100 million-plus packages on offer at EFM 2022. “For the really big films, the $150 million-plus, you go directly to a streamer or a studio for a worldwide deal,” notes one top financier. “The indie world can’t shoulder those kinds of numbers anymore.”
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