Although some big deals were closed during this first in-person Sundance since the pandemic, the market was “historically slow”. The streamers seem more cost-conscious and less prepared to write checks.
Have we reached a tipping point, and will we see the typical independent production and distribution models revive? How will this affect film production and distribution in 2023?
I look forward to hearing your opinions!
https://variety.com/2023/film/news/sundance-wrap-up-mega-deals-captionin...
I think we'll see less mega deals for sure. Indie films will need to lower their budgets to under $10m to make it easier to secure distribution.