Self-distribution de-mystified

Big thanks to Chris O’Falt, writing on IndieWire, for shedding some needed light on feature film self-distribution.

In his article he shares the dilemma faced by SXSW Film Festival Grand Jury Prize winner Jim Cummings: take a $100K all-rights deal or gamble and D-I-Y.

“Thunder Road” cost Cummings $200K. What to do?

Because he received a Sundance Creative Distribution Fellowship grant, he decide to self-distribute:

“Sundance encouraged us to try all these different things a smaller distributor would have never done. It’s been a total learning experience — some things I never would have guessed would work have, some haven’t, and we adjusted.”

For instance, becoming a theatrical hit in France, by parlaying exposure at Cannes to the Deauville American Film Festival and finally to opening on 67 screens.

The trade-off? Cummings has to be fully transparent and allow Sundance to publish a case study of his self-distribution, like the one for “Columbus”.

My take: This (and the “Columbus” case study) should be required reading for anyone with a prize-winning feature film. Every film has an audience and its creators are probably more motivated than anyone to find it. Just be forewarned that it will take you at least a year, and there’s no guarantee of success.

del Toro and Besson make deals

Two interesting developments in the realm of auteur filmmaking to report today.

Firstly, Adam Epstein writes on Quartzy that Guillermo del Toro is “getting his own film label at Fox Searchlight, the studio where he directed this year’s best picture winner, The Shape of Water.”

As quoted by The Hollywood Reporter, del Toro says:

“For the longest time, I’ve hoped to find an environment in which I can distribute, nurture and produce new voices in smart, inventive genre films and channel my own. In Fox Searchlight, I’ve found a real home for live action production — a partnership based on hard work, understanding of each other and, above all, faith.”

Secondly, Charles Barfield writes on The Playlist that Luc Besson‘s company is in talks to be bought:

“According to French media outlet Capital.fr , EuropaCorp is in advanced talks to be purchased by none other than Netflix. There’s no terms to the agreement, and honestly, the report is very heavily leaning on unnamed sources, but the structure of the deal is clear. EuropaCorp, founded in 2000 by filmmaker Luc Besson and Pierre-Ange Le Pogam, would be purchased by Netflix, with Besson to stay on to oversee the creative side of the company. The goal is to have the deal worked out by the summer.”

My take: once upon a time, this might be considered selling out. Now it’s monetizing your celebrity in exchange for a promise to keep moving in the same direction. It shows just how much money mini-majors and Netflix have to invest in building up their artistic credibility and aligning with like-minded creatives. That’s the short play — the long play is betting on which streaming service will rule them all.