Streaming
Fewer Films, Fewer Fans: TIFF 2024 Highlights the Trouble with Theatrical Distribution
The Toronto International Film Festival (TIFF) has long been a vibrant showcase, especially for films seeking a U.S. distributor, but it faces a much harsher reality this year. The rise of streaming platforms has further complicated TIFF’s sales environment. This challenge is emblematic of a deeper problem in the industry.
Streamers Shift Focus Overseas Spelling Trouble for U.S. Production Output
Netflix and Amazon Studios are the powerhouses of the streaming industry, commanding the majority of content production and licensing activity. However, the bulk of their productions are increasingly taking place outside the United States. This international trend raises concerns about the future of Hollywood’s dominant production status.
From Blockbusters to Bust: Why the Film Industry is Fading Fast
The film industry is transforming with declining revenues, reducing film output, and a shift in consumer preferences. Major studios are consolidating and struggling, while television emerges as a dominant medium. Theaters face over-leveraging challenges. Streaming services haven’t compensated for theatrical declines.
UK’s New Film Tax Credit Attracts US Producers Igniting Optimism
The UK’s Independent Film Tax Credit (IFTC), starting April 2025, offers a 53% Audio-Visual Expenditure Credit for films under £15 million. While boosting UK interest at Cannes, concerns about financing and costs remain. Rising US streamer influence and production expenses challenge UK independents, demanding global strategies for sustainability.
Inside Cannes 2024: Adapting to Struggles and Shifts in the Independent Film Market
At this year’s Cannes, there’s a mix of optimism and weariness. High asking prices and low theatrical demand are notable. Streamers like Apple and Netflix lead significant acquisitions, sidelining traditional distributors. The market remains cautious, focusing on star-driven projects and strategic financial planning.