Act of Valor
Courtesy of IATM LLC Act of Valor, an independently financed film, made it to the top box office spot, helping support the market for mid-sized movies.Size matters at TIFF â" especially mid-size.
While the big players chase the big productions, thereâs an alternate universe where an army of mid-sized buyers fights over a wide array of viable, affordable commercial titles.
Variety magazine is predicting deals galore for the more modest productions at the 37th incarnation of the festival.
âThere are a lot of very good movies for sale (at TIFF),â WME Global head Graham Taylor told the magazine, adding itâs been an especially strong year for independent film.
Taylor, a top dealmaker in distributing independent films, noted the market for mid-size works is supported by the fact that independently financed films â" such as Act of Valor, The Grey and The Woman in Black â" keep landing No. 1 at the box office.
âThese are commercially viable films,â says Taylor, whose company is one of the worldâs largest talent agencies. âAs studios become more focused on (larger films that will sustain their cash flow and revenue), itâs an ideal time for independent film as it creates an opportunity for the $10 million to $60 million film.â
Variety says some of the hot properties on the block this year include Neil Jordanâs Byzantiumâ John Carneyâs Can a Song Save Your Life, Noah Baumbachâs Frances Ha, Sally Potterâs Ginger and Rosa, Ariel Vromenâs The Iceman, Shari Springer Berman and Robert Pulciniâs Imogene, Derek Cianfranceâs The Place Beyond the Pines, Mira Nairâs The Reluctant Fundamentalist and Stuart Blumbergâs Thanks for Sharing.
The Hollywood Reporter agreed TIFF is filled with incredible works, but at least one indie sales agents said any film would have to be âperfectâ to play mainstream this year.
That doesnât mean it canât or wonât happen.
In 2008, Fox Searchlight grabbed and quickly launched Slumdog Millionaire and TheWrestler after TIFF â" and the rest is history.
Some industry experts say the success of the smaller indie-financed productions is simply due to the fact that movies such as Rian Johnsonâs Looper and Paul Andersonâs The Master have the look and feel of studio fare.
TIFFâs indie sector has been hyped for the past month with announcements and profiles indicating a healthy market that will continue on even after the festival closes.
The Hollywood Reporter agrees with Varietyâs picks but also says other films that could catch fire include: Midnightâs Children, Much Ado About Nothing, No One Lives, Reincarnated, To The Wonder and What Maisie Knew
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