Brian Beckmann: Celebs Rumors

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At EFM, Indies Strive to Adapt to Disruption of Global Film Market

Angus Finney As the film industry braces for a colder-than-normal Berlinale, the indie sector faces a rising level of pain points, now exacerbated by leaner and meaner commercial terms on offer from territorial and domestic distributors for indie titles. Pre-pandemic overproduction, problems with minimum-guarantee payments (commonly referred to by the acronym MG), delays in payments, a decline in theatrical box office and even the deleterious effects of tastemakers ceding control to algorithms give international sellers headed to the European Film Market headaches — despite some giddy deals struck at Sundance. “It’s a complete shitstorm,” states a leading global financier of indie content. “Buyers have been trying to get out of paying the industry’s long-standing minimum-guarantee precedent of a 20% deposit, offering 10% and, in some cases, even zero.
variety.com

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