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How will Hollywood adapt in 2018? |
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In 2018, can we expect to see studios focusing more on the quality of content? Will there be more collaboration between tech and entertainment sectors? Can we expect to see the focus of talent shift from the actor to the director? What type of real impact will the #TimesUp movement make? And can we expect to see viable market opportunities for mid-level studios? Let’s take a look at what worked and what didn’t in 2017 and how we can plan for the year ahead.
DO - Focus on the cinematic experience.
Catching the likes of “Pennywise” on an IMAX screen isn’t the only thing dragging audiences away from their streaming apps and into the theaters. “Dunkirk”, one of the summer’s most unlikely hits, managed to break through the competition because of its focus on the cinematic experience. The film was shot with IMAX cameras, which gave it a sense of scope and drama that needed to be experienced on a wide screen - a mobile phone could not have contained the action. In addition, the film’s director Christopher Nolan, also used his media tour to advocate on the importance of movie theaters. (Source: The Verge)
DON’T - Discount New Apps.
MoviePass, which aims to be the Netflix of cinema going, has attracted more than 1 million subscribers to its service by charging $9.95 a month in exchange for enabling customers to see a movie a day. “Young people have been abandoning theaters, but they make up our first wave of customers,” said MoviePass CEO Mitch Lowe. While the company is not currently making money, what they do hope to do is gather all the data on its customers and be able to monetize the information. (Source: NY Times)
DO – Invest in Women.
Just this past week, Director/Writer Greta Gerwig won the Golden Globe for best motion picture – musical or comedy with “Lady Bird”. This year has also been a big breakthrough for many female directors including Patty Jenkins, whose film “Wonder Woman” became the highest grossing title of the summer, Dee Rees with amazing vision and leadership on “Mudbound”, and her Director of Photography, Rachel Morrison who has stirred up a great deal of Oscar buzz. (Source: Deadline) |
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WORD ON THE STREET:
Monetizing on Cryptocurrencies |
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If you’re still trying to wrap your head around the blockchain phenomenon, bitcoins, ICOs and entertainment industry applications of cryptocurrencies, get a snapshot of the entire market, a breakdown of how leading sectors are using blockchain and gain a deeper insight on why this really matters to the industry.
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We Want You to Thrive
The Entertainment Finance Forum is a collaborative event for strategic and creative minds. In our tenth year, we’re celebrating this special event right before the Oscars on March 1-2, 2018 and through a partnership with the AFCI. Expect a bigger and a more global forum this year. In addition to keynotes, workshops and panel discussions, you’ll also have access to a more interactive networking experience with speakers and attendees. So whether you’re an investor, creator, producer, distributor, innovator, strategy executive or advisor in the entertainment industry – join our unique platform to help you connect, evolve and thrive in this rapidly-changing market.
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DEALMAKER SPOTLIGHT:
Meet Sophia K. Yen |
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Sophia Yen is a Partner at Manatt’s Entertainment and Media Team, representing clients in a variety of commercial and industrial sectors, Sophia counsels lenders and borrowers in debt financing transactions. She works with film and television industry clients, as well as financial institutions and hedge funds, in equity and debt finance deals, distribution and licensing deals, and branded entertainment matters. She also advises independent production companies, high net worth individuals, producers and other parties who operate in film production, financing and distribution. In addition, she has experience in film foreclosures, dispute settlements, and purchasing distressed entertainment assets, and is well versed in the emerging fields of the entertainment industry, with a specialty in recognizing for clients the strategic value of the digital media and China entertainment sectors. Sophia is a strong advocate for Step Up, a non-profit organization which propels girls from under-resourced communities to fulfill their potential by empowering them to become confident, college-bound, career-focused and ready to join the next generation of professional women.
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About  |
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Winston Baker produces conferences globally for the entertainment industry addressing strategies for finance, growth and innovation. In particular, Winston Baker is the leading producer of film finance conferences, successfully creating and organizing the Film Finance Forum® Series and hosting sold out conferences across the US, Europe, Pacific Asia, China, and Latin America. |
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© 2018 Winston Baker, Inc. All rights reserved. |
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