Acquisition prices down at Sundance this year

This trend has been going for several years now. Toronto Film Festival sales have also shown the same trend.

Michael
 
Doesn't sound like good or bad news to me, specifically.

Just a change in the market, but one that states that the market is still alive and the right production can benefit.

I'm down.
 
(for anybody who cares of course) - looks like some films are selling well on the other hand though. A film called Silent House sold for $3 million: http://www.thewrap.com/movies/colum...ddell-acquires-horror-film-silent-house-24189 and the Weinstein Company bought a film called "My Idiot Brother" for $6 million (all US and International rights). I hope more people get great sells this year. it'll be a good sign that things aren't as bleak as they seem in terms of the buying climate out there.
 
From IMDBPRO: Update: The Weinstein Company indeed closed this deal, and here are the details. I'm told the minimum guarantee was $7.5 million, with a P&A commitment upwards of $10 million. That makes The Details the largest minimum guarantee of the festival so far, though TWC's deal for My Idiot Brother (between $6 million-$7 million m.g.) had a larger P&A commitment, around $15 million. Summit's bid for domestic rights was between $4 million and $5 million. TWC's acquisition team of Peter Lawson, Laine Klein and David Glasser made the deal with CAA and UTA, which co-repped the picture. Earlier Exclusive, 6:48 Pm: A marathon bargaining session is near a close, and it appears The Weinstein Company will acquire worldwide distribution rights to The Details, the Jacob Aaron Estes-directed dark comedy that stars Tobey Maguire, Elizabeth Banks, Laura Linney, Ray Liotta, Dennis Haysbert and Kerry Washington. TWC and Summit Entertainment have been battling vigorously all night, »
 
Giriki said:
What baffles me, is that these Sundance flicks that sell for ridiculous amounts of money usually have couple of known names who have done the project because it's so "quirky and different". And then these films flop at the box-office. It's almost like these distribution companies aren't looking for marketable products that can actually make some profit, but just bid blindly on films that have at least some kind of names. Yes, some of those films are great, some of them even make money, but majority of them... yeah.
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Agree completely. Interesting side note, in the book Super Crunchers (by Ian Ayres) they talk about some of the studies by Epagogix which found that in general big stars have little to do with box office success. (Link to the part: http://www.epagogix.com/pdf/Super_Crunchers_Epagogix_2007.pdf)
 
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