WrathOfHan Posted July 13, 2021 Share Posted July 13, 2021 Well... https://variety.com/2021/film/news/inside-a24-billion-dollar-sale-1235018988/ Some highlights: Quote While one top content broker said the company founded in 2013 by Daniel Katz and David Fenkel had “hung a billion-dollar price tag around its neck,” A24 has been internally hesitant to cross the finish line and hand over the keys. ... Possible scenarios for a deal have included merging with standalone players or an outright absorption by a tech giant. A24’s tires were kicked by Apple, with whom it signed a multi-year film slate deal in 2018 that has yielded titles like Sofia Coppola’s “On the Rocks.” Though some sources said the Apple acquisition talks happened closer to the slate announcement, two other insiders said talks were much more recent. ... This is not the first time A24 has been out in the market looking for capital and potential partnerships. Following the success of “Moonlight,” which won the Oscar in 2016 for best picture, the company engaged in a roadshow with some of the major studios, one knowledgeable source said, seeking significant financing and some form of joint venture. Talks ended quickly as A24 was unwilling to offer any equity in their business, added the source. Quote Link to comment Share on other sites More sharing options...
Eric Duncan Posted July 13, 2021 Share Posted July 13, 2021 How will the Film Twitter hipsters survive this chilling news? Spoiler Okay this is honestly kind of a bummer that really kind of cramps the studio's style 1 Quote Link to comment Share on other sites More sharing options...
Ryan Reynolds Posted July 14, 2021 Share Posted July 14, 2021 their films don't make money, its probably a money laundering scheme 1 2 1 Quote Link to comment Share on other sites More sharing options...
Ronin46 Posted July 14, 2021 Share Posted July 14, 2021 6 minutes ago, Ryan Reynolds said: their films don't make money, its probably a money laundering scheme Lady Bird $79M Box Office 10 Mill Budget Hereditary $81M Box Office , 10 million Budget Moonlight 65M Box office, 4 million Budget Some of there films have done quite well. Quote Link to comment Share on other sites More sharing options...
Ryan Reynolds Posted July 14, 2021 Share Posted July 14, 2021 2 minutes ago, Ronin46 said: Lady Bird $79M Box Office 10 Mill Budget Hereditary $81M Box Office , 10 million Budget Moonlight 65M Box office, 4 million Budget Some of there films have done quite well. not worth 75% the sale of Lucasfilm 1 Quote Link to comment Share on other sites More sharing options...
HouseOfTheSun Posted July 14, 2021 Share Posted July 14, 2021 Just now, Ryan Reynolds said: not worth 75% the sale of Lucasfilm lucasfilm was one of the biggest bargains in the history of IP acquistion. you cant really judge based on that 1 Quote Link to comment Share on other sites More sharing options...
Ronin46 Posted July 14, 2021 Share Posted July 14, 2021 5 minutes ago, HouseOfTheSun said: lucasfilm was one of the biggest bargains in the history of IP acquistion. you cant really judge based on that Also was done 9 years ago. things have changed quite a bit since then and other studios/streamers want content now. Why is this and Reese Witherspoons company and Lebrons company all looking to sell now. What did Amazon just pay for MGM. The market is inflated right now. Not sure that makes A24 worth 3 Billion but I guess you dont get if you dont ask. Anyway my point was some of there films have done pretty well. Which is a little different than "there films dont make money". Quote Link to comment Share on other sites More sharing options...
Fullbuster Posted July 14, 2021 Share Posted July 14, 2021 I don't think Disney will buy them, they're still digesting Fox. 1 Quote Link to comment Share on other sites More sharing options...
SpiderByte Posted July 14, 2021 Share Posted July 14, 2021 Apple seems like a likely bet. Amazons already in the middle of an acquisition with MGM, Sony can't afford it, Disney's nursing Fox. Apple has the money and the need for a big buy. 2 Quote Link to comment Share on other sites More sharing options...
Ryan Reynolds Posted July 14, 2021 Share Posted July 14, 2021 22 minutes ago, HouseOfTheSun said: lucasfilm was one of the biggest bargains in the history of IP acquistion. you cant really judge based on that What's next , someone will pay 5 billion for Tyler Perry ? Quote Link to comment Share on other sites More sharing options...
Porthos Posted July 14, 2021 Share Posted July 14, 2021 18 minutes ago, SpiderByte said: Apple seems like a likely bet. Apple and A24 have been connected for quite a while. If one is a betting person, it's Apple vs The Field, IMO. If anything it comes down to just how much Apple really cares about its streaming service. If they care? They got the cash (and then some) to make a deal happen (if not at the 3b price point). Quote Link to comment Share on other sites More sharing options...
jimisawesome Posted July 14, 2021 Share Posted July 14, 2021 Great for them that some sucker is throwing around 3 Billion but even in this world of overvalued assists 3 billion for a company that has not even produced a half billion in box office is freaking steep. Quote Link to comment Share on other sites More sharing options...
CoolioD1 Posted July 14, 2021 Share Posted July 14, 2021 Hope someone buys them just to shut them down.💖 Quote Link to comment Share on other sites More sharing options...
SLAM! Posted July 14, 2021 Share Posted July 14, 2021 The Pros of Apple Buying A24 More money can be poured into various A24 projects, giving a higher budget to projects that may require it. It gives more content to a promising streaming service that, honestly, needs more content. The Cons of Apple Buying A24 Commercialism. I've seen that the vast majority of AppleTV+ films and series (both already released and in development) are marketed and presentable in a way that caters to the Barnes-&-Noble-ish "general audience" entertainment market. This is somewhat true for stuff like Palmer, Greyhound, Wolfwalkers, Schmigadoon!, Central Park, The Morning Show, and The Snoopy Show. This is a statement that I'm making irrespective of the various levels of quality or acclaim that each film or series has been able to reach. But it's a concern when it comes to A24 because there's quite a few films that are artistic, bold, daring, etc. in a way that the average Barnes-&-Noble-ish "general audience" story isn't. I would be happy to see the A24 catalog find a concrete home, but I'm worried that being under Apple's banner would change the way certain A24 films are made and dissuade filmmakers from sprucing films similar to Uncut Gems, Lady Bird, and Ex Machina with the directorial and technical traits that made them special in the first place. This can be seen as a smaller problem than I'm making it out to be considering how a solid amount of A24 films already seem like a good fit for Apple. Room. Minari. Last Black Man in San Francisco. There's just enough A24 films that feel like natural fits for an AppleTV+ catalog to make Apple's purchase of A24 seem like a good idea on paper. And the last thing I want for A24 is for it to go the way of Orion or Miramax, where they spearhead many of their era's greatest films only to fall out of the equation due to financial woes. Like, we're talking about the same streamer that's pumping money money into Killers of the Flower Moon, and also the one that's proudly presenting CODA, which will be seen as one of the best independent films of 2021. I just hope that a thirst to cater to "everyone" or "more viewers than ever before" doesn't get to the A24 executives' heads over the next few years. Yeah. Quote Link to comment Share on other sites More sharing options...
BK007 Posted July 15, 2021 Share Posted July 15, 2021 They aren't worth that. How many movies do they even own? Quote Link to comment Share on other sites More sharing options...
Porthos Posted July 15, 2021 Share Posted July 15, 2021 1 hour ago, BK007 said: They aren't worth that. How many movies do they even own? Just coz they're asking for 3 bil, doesn't mean they're gonna get it. Quote Link to comment Share on other sites More sharing options...
Cap Posted July 15, 2021 Share Posted July 15, 2021 31 minutes ago, Porthos said: Just coz they're asking for 3 bil, doesn't mean they're gonna get it. Bottom Line 1, Ask for 3, Compromise at 2. 1 Quote Link to comment Share on other sites More sharing options...
BK007 Posted July 15, 2021 Share Posted July 15, 2021 9 hours ago, Cap said: Bottom Line 1, Ask for 3, Compromise at 2. 103 films though and the majority didn't even make much money. MGM has like thousands. I guess if you look at it as a permanent acquisition - and the fact that most are widely unknown they could be sold as new, maybe it make sense in a market where content is premium, but still seems super expensive. I'd think they'd be worth less than 1B. Quote Link to comment Share on other sites More sharing options...
jimisawesome Posted July 15, 2021 Share Posted July 15, 2021 37 minutes ago, BK007 said: 103 films though and the majority didn't even make much money. MGM has like thousands. I guess if you look at it as a permanent acquisition - and the fact that most are widely unknown they could be sold as new, maybe it make sense in a market where content is premium, but still seems super expensive. I'd think they'd be worth less than 1B. Agree completely and yet I think Apple still buys it for 2 Billion give or take because this kind of money has no effect anymore for Apple and Apple might as well target the A24 groupies. But yeah compared to MGM. Its not like anything in the A24 catalogue is a franchise. While its not bad to have a Moonlight and Lady Bird as a catalogue titles its not billion nice. Quote Link to comment Share on other sites More sharing options...
grey ghost Posted July 15, 2021 Share Posted July 15, 2021 What a rip off. Disney bought Marvel for 4 billion. You can't make multi-billion dollar franchises and theme parks based on Moonlight and Ladybird. In fact, there's not much more money to be made from those movies. Well not compared to Marvel and Star Wars films. Quote Link to comment Share on other sites More sharing options...
