^ a b Donato, Jerry (January 22, 2018).^ 'Changing Partners (2017) - Budget'.Others were more reluctant, including director Ricki Stern of “Joan Rivers - A Piece of Work,” who said “it’s wonderful that movies can get out to the masses on the Internet,” but quickly added that she still preferred cinemas.CP The tracks consists of seven songs were played throughout the film and the theatre play. Some wondered whether a conflict of interest might arise if a festival promoted their own films more than ones they did not acquire.ĭirector Josh Sternfeld, whose “Meskada” played in the festival, told Reuters he thought filmmakers should “keep their minds open to how films get seen” but also recognized watching a film in a theater was “special.” Tribeca filmmakers gave VOD and Web downloads mixed reviews and said they hoped audiences would still be able to see their films on the big screens for which they were made. Still, Tribeca organizers and industry executives agree the old financial model of a film creating buzz at festivals and being acquired for theatrical release needs changing.įestival organizers aren’t yet saying how many people paid to watch the movies, but its experiment followed other, smaller efforts including one at the recent Sundance Film Festival, which offered five movies for rental at $3.99 on YouTube. The total revenue has not been up until now anything resembling financially compelling,” said Eamonn Bowles, President of Magnolia Pictures. “They (VOD and Web downloads) have generated meager revenue at best. But market players said VOD and online sales are not likely a financial game-changer anytime soon for the beleaguered independent film industry that in recent years has fallen on hard times as too many indie movies competed for space in too few theaters. Typically, film festivals screen movies, not distribute them.Īs the festival wound down earlier this week, the success of Tribeca’s effort was still unknown. Last month, the Tribeca Film Festival launched an unusual effort to acquire films and release them on video-on-demand (VOD) in an effort to help kick-start the market. NEW YORK, May 5 (Reuters) - Like an actor waiting for a big break, the nascent market for watching independent movies on TV video-on-demand channels or online via streaming or downloads still needs a big hit to make believers out of moviemakers.
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