we don't have a good idea of their yearly revenue either as the most recent stats were from 2012 estimating around $20 million, but that wasn't putting into account pure profit only the overall gross of all the films released that year. Were always cognizant of trying to sell the film by not selling it, said marketing exec Jesse Patrone-Werdiger, speaking to A24s rare faculty for promoting around the product its trying to push, shifting the tectonic plates of culture in the hopes of giving rise to a mountain. Surely theyve learned by now that theres a ceiling for arthouse films these days. And they were like the third guy at the company. So I suppose the question now surrounding A24 is what Fenkel and Katz plan to make of it. Theres music labels I can think of as well. We sit in. Asif Kapadia (director, Amy): I suppose most filmmakers have had bad experiences in the past where you do all the hard work, and then these guys in slick suits come along and theyre like, We know what were doing now! Not heyday. Franco: I remember the South by Southwest festival, the screeningit was like a rock concert. And on some level, honestly, I was afraid to go out on my own and try to make it work. Lets go wide! Logo by GrandArmy Photos via A24. Since 1957, GQ has inspired men to look sharper and live smarter with its unparalleled coverage of style, culture, and beyond. Jeanie Igoe (production, A24): None of us really knew what we were doing. The movie was Spring Breakers, it played like a Kesha music video as directed by Terrence Malick on MDMA, and it debuted to the highest per-screen average of any film released that year to date. And David cannot stop perspiring. Right after we did those three films, I dont think we had really purchased a film for the following year. Ainzenberg: I remember I went and had to meet with Selena Gomezs team to prove that we were real people and we were gonna be legitimate in releasing the film. It was like Broadcast News. Despite lacking any pre-defined structure, episodes generally contain discussions around recent works of the two guests, allowing for branching discussions to other areas. John has been a trusted partner who helped conceive A24 and for that we will always be grateful, A24 noted. It was like two hours before, and they were like, Hes not gonna make it. Information. Her film The Invitation" plays on agitation and insecurities between a group of old friends and some suspicious strangers at a lavish dinner party. ALL RIGHTS RESERVED | TERMS OF USE|SUBSCRIBE|CONTACT. And the guy asked me, Is there anything we might find suspicious in there? I said, Theres an art piece inside in the shape of a gun. And literally the entire security department was like, What is wrong with you? Long story short, it made it through. A24 is an American independent entertainment company founded on August 20, 2012, by Daniel Katz, David Fenkel, and John Hodges and based in New York City. Aizenberg: Nine to ten people walked out. When you can get a distribution company that likes the film for the same reasons that people that made it like the filmIve found that rare. Its funny. A24 was set up ten years ago by David Fenkel, John Hodges and Daniel Katz, all veterans of New York's independent film business. Were gonna get there on time. Fenkel: Charlie Sheen was in this interesting place where maybe he was on the verge of a comeback, and Im saying that with a straight face. The End of the Tour freed Jason Segel from the succubus of network sitcoms by allowing him to inhabit the image of an iconic American writer. Sacco: To engrave the Spring Breakers logo onto the glass-gun bong. Like, standing ovation, fucking applause in the middle of the movie. Well handle it! And if it works, its them; if it doesnt work, its all your fault anyway. He was calling me. Films distributed by A24 ended up getting nominated for seven Academy Awards that year, including Best Picture (Room), Actress (Brie Larson), Documentary (Amy), and Original Screenplay (Ex Machina). It specializes in film distribution, and film and television production. A24 is not like other entertainment companies. Fenkel: One thing we notice is now people are saying, Oh, good job. It was, like, every time another person walked out, I was like, Oh, there goes another one!, Sacco: All my friends and family, they kept asking about this new company. From It Follows to The Babadook, these horror gems didnt have blockbuster budgets. It was millions in one day. Scott didnt say anything. Said Korine: They saw that marketing was a creative act that could be entertaining in and of itself. Thats very unusual. Maybe we werent geniuses with Spring Breakers, but we were the ones who said, Lets put it in theaters, because we could build on that. People liked Spring Breakers. Photos courtesy A24, by Alberto E. Rodriguez/Getty Images, and Janette Pellegrini/WireImage/Getty Images. That broke the film out., For Room director Lenny Abrahamson, working with A24 on his films campaign has been a dramatic change. All Rights Reserved. A24 founding partner John Hodges announced that he will be leaving the indie studio that he helped launch nearly six years ago, the company announced Monday. Tinder was yelling at us. Although A24's actual net worth is not known. Aizenberg: That Oscar-nomination morning, I remember walking into the office that day, and I was like, Please, dear God, just let Amy and Brie get nominated. All three had grown up admiring the rich world of 90s independent cinema, and they noticed a void where those movies had once been. A24, which was founded in 2012, said that no additional changes in management will be made. It is based in New York City. Across 96 films released at the time of this article, the average Production Budget on each film rounds out to a cool $6 million, with the Box Office revenue across the 96 films adding up to $798 million. Lets run there. Colin Farrell (actor, The Lobster, The Killing of a Sacred Deer): They have such a great eye for these small little films and rich and unique stories that may have not found it to the big screen if it wasnt for them. Ravi Nandan (co-head of TV, A24): Paramount Vantage, which had released, like, There Will Be Blood and a bunch of other movies, was [folded into] Paramount. We wanted to deliver in a meaningful way. Aizenberg: I remember that Sunday we all got on the phone and were like, Were going over a thousand screens.. And we just hounded him. The company is behind instant fan favorites like Uncut Gems, Ladybird, The Lighthouse, and Everything Everywhere All at Once. The company said he will exit to focus on "future opportunities," but did not clarify beyond that statement.. As one of the founding members of the New York-based company, Hodges played a key role. And we still have a great relationship now. Its exciting. This was not a first-look deal, meaning that A24 can continue to produce and acquire films to release outside of the deal, and that it would not affect previous deals that A24 had signed with other companies. The films were darlingsincluding David Michds The Rover, starring Robert Pattinson; Denis Villeneuves Enemy, starring Jake Gyllenhaal; and Jonathan Glazers Under the Skin, starring Scarlett Johanssonand, by and large, box-office underperformers. Katz: Some of it was probably misplaced, dont you agree? When your audience does the work for you. IP & Literary Intern, Literary & IP Acquisitions at Amazon Studios, Assistant, Physical Production at Lionsgate, Executive Assistant/Production Office Coordinator for iONE Digital (NY), Manager, Scripted Film and Television, Cond Nast Entertainment. But I do remember finally looking over, because I didnt know where they were sitting, and I spotted Dan Katz and Dave Fenkel, and, man, the smile on their faces! There has been speculation for the past six months that the company is for sale. [27], A24 distributes and produces around 18 to 20 films a year. A24 has an estimated net worth of about $1.89 million. A24 is an American independent entertainment company founded on August 20, 2012, by Daniel Katz, David Fenkel, and John Hodges and based in New York City. Variety and the Flying V logos are trademarks of Variety Media, LLC. Jennifer Kents drama is a psychological heavyweight that examines how parents feed their demons to quell the pain. Katz: Tusk, we were like, oh, Kevin Smith! Whatever lingering reservations I had about the VOD side of A24s business were dismantled by the recent rumblings of a demonically possessed goat: The DirecTV logo may still be lurking toward the bottom of The Witchs teaser poster (which accurately identifies and champions Black Phillip as the movies breakout star), but at some point along the way it was decided that this crowd-pleasing, pants-ruining work of art has the makings of a communal sensation, and A24 pivoted. I was like, I think I need to find another job., Aizenberg: They were basically like, Dont release this movie.. But I put no limitations on what theyre capable of. But I remember vividly that they had chosen some specific movies, one of which was Under the Skin. All rights reserved. Sacco: Its sobering and motivating in a different way. And then there was another one where hes deep-throating the gun, and we replaced it with a gold statue. Aizenberg: Yeah. You know, theyre big-time. It was like being in some kind of arena. The first: Barry Jenkins Moonlight, which chronicles a gay mans coming of age across three stages of his life in war on drugsera Miami. Wanna follow A24 (company)'s net worth? That was tough. No additional changes in management will be made, said A24, which will continue to develop and produce a growing slate of content across film and television. Franco: I actually did win some awards. You want to have a grown-up conversation about the best way to get your work to the people who would spend money to see it, Abrahamson concludes. John Hodges (co-founder and co-head of TV, A24): It was one of those conversations where it was always like, How would we do it differently? And it was usually fueled by beer and things scribbled down on napkins and a lot of bravado. As of April 2022[update], twenty-seven episodes had been released. In 2023, A24 became the most nominated single studio of that year's awards with 18 total nominations between 6 of its films (Everything Everywhere All at Once (11 nominations, the most nominated film of that year's awards, including Best Picture), The Whale (3 nominations), Aftersun, Causeway, Close, and Marcel the Shell with Shoes On (each with 1 nomination)).[5]. While there is speculation in the trades that A24 may be on the block, I get the impression that sale rumors are just that rumors. Then he had this very high-tech, nuanced process, which was printing out a spreadsheet, and then when he would book a theater, he would write it down on the spreadsheet, and then when the spreadsheet was full, hed push it over from his desk to my desk. Denis Villeneuve (director, Enemy): I never saw them as businessmen. Like, you believe in something, you fall in love with it, and then you work for three months on trying to make it work. Since then, A24's success has been immeasurable, especially for an independent Production company founded the same year The Avengers came out. They had heart to them.Harmony Korine, Sacco: I wouldnt say I got it. On the most literal level, an A24 film is budgeted from anywhere between $1 million (Obvious Child) and $20 million (A Most Violent Year). I love Moonlight, said as much before it won the Oscar, and Ill say it again now - I showed it to my daughters early and they loved it. [He won at least six.] Kapadia: Theyve won Best Picture. By surgically inserting each release into the zeitgeist, it has paved a new road for provocative, modestly sized cinema, bridging the gap between microbudget indies and monolithic studio products in much the same way Italys Autostrada A24 connects Rome to Teramo. Over the past six years I have been fortunate to work with a diverse group of talented storytellers across film and TV and look forward to continuing those collaborations in my future endeavors.. According to Ponsoldt, who recently became the companys first repeat filmmaker: A24 films run the gamut of genre and style, but they all seem to be incredibly specific, personal visions.. Everybody wants to be A24. With Hodges leaving, the. Hodges, along with Katz and Fenkel, largely shunned the spotlight, giving few interviews even as A24 made a name for itself by releasing edgier, filmmaker-driven fare from directors such as Lenny Abrahamson, Alex Garland, and the Safdie Brothers. I dont even look at him. Fenkel: More than 50 percent chance La La Land. Youre incredible. 10001 NEW YORK, USA. So everyones wrapping up this gift basket that Im supposed to deliver to Megan [Ellison, one of the producers of Spring Breakers, who was on location in Pittsburgh] and say, like, This is why you should go with us. Sacco: It was my first festival ever. (Joy, Annapurnas only 2015 title, arrives in theaters on Christmas Day.). I was like, Fuck yeah!, Sacco: I think its inspiring and motivating to a younger generation: Oh, that movie cost this, and it did this. Fenkel: It actually went very well, for what the movie was. Since then his contributions to growing the company have been invaluable and we cant wait to see what he does next., Added Hodges, I am incredibly proud of the company we created and of the amazing team at A24 that has been integral to its success. At the time of my visit, however, A24 still looked more like a startup than a movie studio, and you could find the countrys fastest-growing film companys actual HQ only by following the flimsy paper signs that had been taped up along the 17th-floor hallway outside its headquarters. [18] In June, the company, along with Oscilloscope and distributor Honora, joined BitTorrent Now to distribute the work of their portfolio across the ad-supported service. (He won the Los Angeles Film Critics Association award for Best Supporting Actor). John Hodges will be leaving A24 to pursue other opportunities, the indie distributor announced Monday. Katz: It was early in the relationship. Itd be very unlikely for that to happen. And so anytime you speak with someone whos not a pure accountant, is not a pencil pusher? Sasha Lane (actress, American Honey): They were like, You guys are who you are and were not going to change that. No one had to be perfected for anything. And even this public face represents the companys nonhierarchical structure: Thats only funny, Beyer once observed, because youre not quite sure whos saying it. The fact that we were able to sign any movies out of that office is absurd. Fenkel: Lenny [Abrahamson, for Room] beats out Ridley Scott! SIGN UP FOR OUR FREE DAILY NEWSLETTER, FIRST TAKE, Sundance, SXSW Comedy 'Never Goin' Back' Sells to A24. And check out the haunting synth score by Disasterpiece. We just had to catch up to that idea. Genre hounds stoked by the Sundance hype would surely seek it out, but Eggers extraordinary debutabout a family of early American pilgrims who get banished to the wrong forestwould never be given the opportunity to meaningfully connect with its audience and worm its way into the culture. This is before Wolf of Wall Street came out, but Margot Robbie, I didnt know her, but she was working with somebody that knew my costumer or something, and got in touch with me and was like, Can you print me a photo of the tattoos in detail, so that I can get this costume perfectly? Because she was fucking Alien that year. In 2013, A24 released their first five films: Sally Potters Ginger & Rosa, Harmony Korines Spring Breakers, Sofia Coppolas The Bling Ring, James Ponsoldts The Spectacular Now, and Roman Coppolas A Glimpse Inside the Mind of Charles Swan III, starring Charlie Sheen. I think he was in Hawaii on his honeymoon or something while it was all going down, so I felt terrible. An A24 project is far more likely to be female-driven than a film released by another company, and it is typically directed by a major filmmaker (Sally Potter, Sofia Coppola, Noah Baumbach) or a filmmaker on the cusp of becoming one (J.C. Chandor, James Ponsoldt). . Far left, from left: A24 founders David Fenkel, John Hodges, and Daniel Katz. People want to see movies. A24 knew that Slow West was great well before it premiered to rave reviews, but the company also recognized that it was an odd duck, neither broad enough to be a prestige picture nor strange enough to galvanize a legion of fans. Sacco: We probably saw 20 versions. [17] In April, the company acquired all foreign rights to Swiss Army Man, distributing the film in all territories, and partnering with distributors who previously acquired rights to the film, a first for the company. It made me crack up. Beginning with hedonistic images of Disney starlets gone wild, the campaign consisted of producing Facebook ads that could also function as contentpeople wanted to share this stuff. The Hollywood Reporter is a part of Penske Media Corporation. And we got Best Picture [also for Room]. And in that moment I was like: Now its time to go do this. I am incredibly proud of the company we created and of the amazing team at A24 that has been integral to its success. They have a very good understanding of the Zeitgeist. And I think A24 and companies like that areyou know, people want to go to the cinema. Heavey: He didnt really use a computer. Sacco: And people on planet Earth, you know, they go see movies that they need to want to see or hear about. Villeneuve: If my memorys good, I was amongst their, not their first movies, but they were a young company at the time. BREAKING: John Hodges, one of the founding members of A24, has announced his departure from the production and distribution studio to focus on future opportunities. The Rover found a mentally deficient Robert Pattinson singing Keri Hilsons Pretty Girl Rock in the deserts of post-apocalyptic Australia. We werent doing anything like that. Since then his contributions to growing the company have been invaluable and we cant wait to see what he does next, said A24 in a statement. Noah Sacco (head of acquisitions and production, A24): I think some of our biggest movies had no stars in them at the time of releaseEx Machina, Moonlight, The Witch, Room, The Spectacular Now. I think he would say something now. At a time when young people are increasingly going to the movies only for blockbuster spectacle, A24 has established itself as the film industrys most forward-thinking company by releasing the kind of midsized, stylish, quality films that seemed on the verge of going extinct, transforming them into a collective theatrical experience, and aiming them squarely at a demographic that would rather watch movies on their phones. Theyre just on it. I woke up one morning to an e-mail from Daniel that was sent at three in the morning: Can you go to Pittsburgh? I come into the office, and there are interns running around like in some crazy factory. Like Under the Skin, Locke, Enemy. The deal excludes films that are already part of the Apple partnership. So it was strange, if you were a moviegoer in 2013, to see the A24 logo pop up again and again before movies as varied and weird as Harmony Korines Spring Breakers and Sofia Coppolas The Bling Ring, James Ponsoldts The Spectacular Now and Roman Coppolas A Glimpse Inside the Mind of Charles Swan III. We tried to put together a slate in, like, four months, as opposed to just really growing it, building it in the right way. [Sofia] was like, Oh, will you at least partner with Harvey? We were like, No!. But A24 has the money to acquire a steady slate of releases, the model to support them, and the chutzpah to make nearly each one into a mini-phenomenon. You get a movie with them and it represents something. Theyre on the tarmac, and were having to find a new jet for them within twenty minutes. The bottom line is that there were 677 new releases in 2013, and that number is only getting bigger. Katz: I think if you had asked us beforehand, we would have said, you know, La La Lands gonna win. And I think it is down to companies like A24. Korine: I dont think I was there, but I heard people were walking out. Fenkel: You dont know how to control yourself. I just I won, I think, L.A. Film Critics and maybe one other. Your vision is incredible.. Four short years later, the companys first original production, Barry Jenkinss Moonlight, won the Academy Award for Best Picture. That Oscar win came within five years of A24s launch, but so did Open Roads win for Spotlight, and now that company is part of the larger entity Global Road. In 2021, A24 won the Academy Award for Best Supporting Actress (Yuh-jung Youn in Minari, who became the first Korean actress to win an Oscar). Katz: Yeah! And that takes time. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Notable guests on the show have included Bo Burnham, Paul Schrader, Sofia Coppola, Alia Shawkat and Martin Scorsese. Katz: We have a better relationship with him now. Its such a really fucking well-executed movie. A24s television division released The Carmichael Show.. Whoa! Because theyd made a curated, awesome, crafted film. Mahershala Ali (actor, Moonlight): I definitely have a lot more opportunity right now than Ive ever had before. But then also do things that other companies arent doing. [23], On March 26, 2018, co-founder John Hodges announced that he was exiting the company. And it just kept getting better and better and better. II was tasked. And then over the course of, like, four months, we bought a lot of movies. For the company's filmography, see, 20142017: Television and later productions, 2018present: Management changes, partnerships. How great it was. John Hodges (co-founder and co-head of TV, . And so with [The Rover], they took that into account, and instead of blowing loads of money, [they did] more targeted marketing and also really sophisticated online campaigns and stuff. Steven Spielberg publicly predicted the implosion of the film industry, which is sort of like God telling you to brace for rain. Starring Splits Anya Taylor-Joy, Robert Eggers creates a world devoid of God in this thunderous and bleak religious melodrama. It could be the CEO or an intern.. Lady Bird remains its biggest success, earning $49 million domestically to date. That suits a company whose websites About page consists of nothing beyond an Eadweard Muybridge plate of a cockatoo flapping its wings. And we broke records. Gif excerpt from the film Ex Machina via A24 Films. Please, just let those two!. I think my sisters still only seen one A24 movie: Spring Breakers. [13] That same year, A24 entered a deal with Amazon Prime, where A24-distributed films would be available on Amazon Instant Video after becoming available on DVD and Blu-ray. Memphis, Tennessee, United States. It wasnt disrespectful. For a medium-size film to succeed without a marketing blitz twice the size of its production budget, its not enough for it to be goodit has to have a hook. They didnt have a ton of movies, you know? When it happens again and again, thats very, very intelligent work and planning. Fenkel: I just cannot stop. Hodges, who previously served as head of production at the indie production company Big Beach (Little Miss Sunshine), did not announce any immediate career plans. Annapurna Pictures/courtesy Everett Collection, Moonlights Mahershala Ali Picks His Own Oscar Winners. Animated photo illustration by Lisa Larson-Walker. A24 (company) net worth 174 Million Millions of dollars 99% Net worth score Disclamer: A24 (company) net worth displayed here are calculated based on a combination social factors. Dave Franco & Alison Brie Take a Couples Quiz, Heres a First Look at Daniel Lees Burberry, Bubba Wallace and Daniel Suarez Are Shaping NASCAR's Future, Inside Daniel Lee's Burberry Debut, London Fashion Week's Biggest Show. Take its efforts on Spring Breakers, for example. And it was the hair and makeup people. [laughs] I mean, I doubt that, because I know the people that work there. All Rights Reserved. All Rights Reserved. Harvey Weinstein (via email): A24 is a great company. Jenkins: I dont know if [Moonlight] was a glittering jewel of a project. The next day it was like, Anythings possible.. I actually tied with Jared [Leto], who obviously won the Oscar that year, for L.A. Film Critics. Were good. John Hodges is leaving A24, the Oscar-winning indie studio that he co-founded. A24 will. Subscribe for full access to The Hollywood Reporter, As one of the founding members of the New York-based company, Hodges played a key role in putting A24 on the map, culminating with last year's best picture winner, 'Moonlight.'. The exceptionand basically the only part of A24 that has any public profile at allis the companys social media presence.
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