Franco-Tunisian film and TV entrepreneur Tarak Ben Ammar is expanding the scope of his Italian operations by buying local unscripted production outfit Blu Yazmine, while also entering talks to build a large studio complex in Rome. Though Ben Ammar’s ambitious plans to build sprawling new filming facilities in the Italian capital are in advanced talks […]
Apple Paid $25 Million for Worldwide Rights to CODA Here s Why That s a Problem msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Inside the Record-Breaking Deal for Sundance Favorite CODA
Matt Donnelly, provided by
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Park City, Utah is home to some stunning $25 million mountain estates but it’s a jaw-dropping price for an indie movie to come out of the ski town’s preeminent American film festival, Sundance.
But there was “CODA,” a touching drama that kicked off 2021’s virtual edition of the event, landing a record-smashing $25 million deal from Apple Studios, or the cost of one of those palatial getaways. The victory followed a bidding war that, according to nearly a dozen sources who spoke to
Variety, revealed much about Hollywood’s priorities, cashflow and boundaries in this moment of streaming disruption and pandemic chaos. It also encapsulated the way that the old indie film business, one that relies on box office performance and television licensing, is being subsumed by the rise of streaming services that aren’t as dependent on those totems of success.