Despite touting record attendance, headlines regarding deals have been conspicuous by their absence.
In the weeks leading up to the recent American Film Market, we (along with lots of other sites) published a few stories about projects that would be going up for sale at the annual event. However, the days since the AFM have been noticeably quiet on the deals front, despite the organisers stating that the event recorded record attendance figures.
This has been put down to a few factors.
Firstly, in the post-pandemic era, studios are more likely to use Zoom and other means to close deals after the event, whilst this year’s shorter festival is also being stated as a reason why more deals are being worked out in the aftermath of the AFM.
With regards to UK deal-making, along with Europe the weak exchange rate against the dollar is said to be a key factor in negotiations as well. Still, over 500 companies were present but we haven’t yet seen much in the way of splashy deal-making headlines that we’re used to. Perhaps these announcements will roll out in the days and weeks to come, but with fewer A-list projects available, it’s possible that this year’s event simply won’t feature as many high-profile deals as we’ve seen in the past.
Two higher-profile projects that have reported multi-territory sales are the Joel Kinnamon-led action thriller, The Silent Hour and the planned WWII action espionage movie from Guy Ritchie, The Ministry for Ungentlemanly Warfare. We’ll let you know of any more breaking deals as we hear them.
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