Sundance Created a Market for Indie Films. Moviemakers Say It’s No Longer Working
The number of hit indie movies is in decline. Some blame the Sundance Film Festival, but the problems run much deeper.
Joana Vicente, chief executive officer of the Sundance Institute, during the Bloomberg Screentime event in Los Angeles on Oct. 12, 2023.
Photographer: Kyle Grillot/BloombergGood afternoon from Park City, home of the Sundance Film Festival. I’ve been running around the past few days with my colleague Thomas Buckley. Bloomberg hosted a reception last night, so thanks to those of you who came.
We’re going to spend some time today talking about the general pessimism surrounding the film business (and the media business writ large).
The Los Angeles Times is about to fire about 20% of its journalists, a sad moment in a terrible century for my hometown’s great newspaper. That’s still better than the fate of Sports Illustrated, which is firing what’s left of its editorial staff. Bryan Curtis examined the wreckage of the “age of media annihilation.”