It’s a real seller’s market for movie studios these days, with companies like Amazon, Netflix, and Apple scrambling to fork out ridiculous amounts of money for big-name movies or even entire big-name studios, with Netflix. throwing $ 450 million to get of them Knives Out suites, Apple pays hundreds of millions of dollars for a film by Martin Scorsese, and Amazon throwing nearly $ 9 billion in Leo The Lion’s lap buy MGM. All of this makes Disney’s decision to give George Lucas $ 4 billion for Star wars almost seems like a good deal, so it’s no surprise that other movie studios are looking to cash in and get a few billion dollars on their own – studios like independent powerhouse A24, which reportedly recently looked at a possible sale. and asked potential buyers to float something in the rage of $ 2.5 billion to $ 3 billion.
A24 is a studio that has been involved in almost every independent animated release of the past five years in television and film, from Frame and euphoria at Hereditary, Uncut gems, Moonlight, and Lady Bird (and the recently released Zola and the next one Green knight). This news comes from Variety, who says that A24 has been “engaged with many suitors for over 18 months”, although it is “not clear” if any of these discussions are still ongoing or if an actual sale is still on the horizon. table. Apparently, the site’s sources say that A24 is currently “focused on expansion” rather than a sale, but that doesn’t necessarily mean it won’t happen or that it wasn’t close to happening at one point. given moment in the past.
the Variety coin spends a lot of time explaining how and why A24 would have been valued at $ 3 billion (which, again, is almost as much as Disney paid for Star wars, and A24 is not Star wars). The general consensus seems to be that A24’s Hollywood cachet is valuable, as it not only has a bunch of Oscar nominations under its belt, but all of its releases also get a certain automatic buzz due to the fact that they ‘ regarding A24 movies, especially horror movies, where the A24 logo involves a certain amount of heartbreaking and cerebral dread to be hoped for. the Variety quotes “a competitor” as saying that “you never hear a word about [A24’s] flops, and they certainly have them ”, because“ all that matters is what they do next ”.
Of course, if a sale did happen, it probably wouldn’t mean much to the average person, assuming you’re not the type of average person who could spend $ 3 billion on a hip movie label (you could make high horror movies just for you!). What is that would have means, potentially, a point of sale that locks in exclusive control of an entire brand of artistic films, as Disney did with the Darth Vadors and Iron Mans films. This sort of thing is rarely good for consumers, unless you say something like knives outside 2 wouldn’t happen at all without Netflix footing the bill (which is fair), but – again – A24 isn’t Star wars or MGM. Nobody would buy this to be able to control a big movie franchise, they would buy it pretty much just for the sake of weight … which is probably why no one pulled the trigger on this $ 3 billion deal.