![]() ![]() Independent films – now so reliant on film festivals – spawned the birth of the festival circuit. The growth of commercially viable independent films began. Midnight Cowboy (the only x-rated film to win the Oscar for Best Picture) and Apocalypse Now followed. Completely removed from Hollywood, the film was nominated for two Oscars. The birth of independent film popularity can be traced back to Easy Rider, a film by Dennis Hopper. For instance, if an independent film hits it big at any of the major film festivals, it may need help with distribution for wider release, and partnering up with one of the biggies is the way it’s typically done. Which isn’t to say an independent house doesn’t occasionally partner with the big boys. Independent Production Housesįor many independent production companies, outside financing is required to get the movie made and released, either via an investment firm, a few wealthy individuals, or by the filmmaker(s) themselves. For example, Disney owns Marvel Comics and the rights to the movies, comics, action figures, and games. With this business plan, parent companies are able to keep all the revenue from different streams. operate several different divisions, making movies, television programs, video games, video production, and so on. For the larger production houses, the funds are made available from the parent company.Įntertainment companies like Warner Bros. Production houses are tasked with securing finances for a feature film as well as scripting, casting, and even the marketing of a film. While some independent movies like “Skinamarink” and “Evil Dead Rise” were first expected to be released on demand exclusively, their successful theatrical runs are proof that there is still an audience willing to pay to see independent films on the big screen.Usually operating under the umbrella of a major studio like 20th Century Fox, either as a sister company, subsidiary, or division, production companies are responsible for getting movies made. Even though distributing an indie movie on a video on demand platform seems like a safer option, it also risks getting lost in expanding and highly curated movie catalogues. Customers quickly grew accustomed to it, so much so that an increasing number of adults prefer enjoying movies at home rather than going to the movie theater. Is the future of indie filmmaking online?Īnother consequence of the pandemic is the boom of video-on-demand streaming. The film’s viral dance sequence inspired many TikTok users to recreate it, contributing to the success of the movie. Blumhouse’s horror sensation “M3GAN” was 2022’s most profitable movie with a total profit of 78.8 million U.S. ![]() Another way of sticking out is hoping for the virality only social media can offer. The independent studio was the most successful of the night, bringing home the highly coveted Best Picture Oscar as well as all the acting awards. Released in 2022, the acclaimed sci-fi drama “Everything, Everywhere, All at Once” won a total of seven Academy Awards during the 2023 ceremony and became A24’s highest grossing movie yet. Some independent films manage to stand out from the crowd and achieve mainstream and critical success. The number of indie movies released and the revenues they generated have dropped severely in 2020, but the tide is starting to turn as the industry slowly bounces back. ![]() While only a select few independent movies are usually picked to be released on the big screen, an even smaller number make it big – a trend that only became more pronounced during the pandemic. However, this limited offering is a reason why many moviegoers do not go back to theaters as much, or at all. In an effort to keep afloat and prevent further closures, movie theaters are counting on crowd-drawing movies, especially from well-known and beloved franchises, which are almost guaranteed to garner high box office revenues. An increasingly risk-averse cinema landscapeĭespite most COVID-19 restrictions being lifted, a sizable number of people are reluctant to make their way back to theaters.
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