It may just be a sub-division of a "Distribution Deal" (or even the same thing), but does anyone know what exactly it means to be acquired by a streaming platform?
Say the film "Nanny" which was just acquired at Sundance for 7 Million by Blum house and Amazon Prime. Are the filmmakers paid that entire 7 million so they can offer a quick return to their investors? (Like a total buy out of the film, where they don't negotiate regions or a time the distributor holds the film for.,) And if this is the case, do they even get a % of the films success or have they completely sold the rights for good?
Just curious as to how these kind of deals work as opposed to the limited distribution deal with MG.
Thanks so much!
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Acquired would usually mean licensed for distribution. Announcing a summer publicly is strictly for the purpose of marketing buzz, for Sundance and the film. Short of asking the lawyers who are negotiating the deal (and they won't tell), there is no way to know what they figure means, how it's paid, or anything else about it.
**announcing a SUM, not a summer.
Hi Ty C Yachaina - I'm the director of education here at Stage 32, It's great to meet you!
Here are a few recommendations on distribution eduction we offer that you may find helpful:
https://www.stage32.com/classes/Navigating-Distribution-Finding-the-Righ...
https://www.stage32.com/webinars/Netflix-Distribution-101
https://www.stage32.com/webinars/Amazon-Distribution-101
Email me back at edu@stage32.com if you'd like any other suggestions or if you ever need any help on your Stage 32 education journey.
Cheers!
Sam