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See what happens.. How Much is A24 Studios Worth? : boxoffice - Reddit Sacco: Its sobering and motivating in a different way. I dont mean it that way. This is before Wolf of Wall Street came out, but Margot Robbie, I didnt know her, but she was working with somebody that knew my costumer or something, and got in touch with me and was like, Can you print me a photo of the tattoos in detail, so that I can get this costume perfectly? Because she was fucking Alien that year. Fenkel: So hes booking, what, fifteen hundred screens? We just had to catch up to that idea. Franco: I hope they dont get too big that they forget what got them started. What are you working on? Not like we should have paid more. All Rights Reserved. The films backers will be made whole, its makers will get another chance at bat, and its distributors will continue to enjoy the financial solvency provided by the DirecTV dealnot to mention the $50 million line of credit the company secured last fall. And weve been so consistent about thanking them. Like, standing ovation, fucking applause in the middle of the movie. Zach Baron is GQs staff writer. We tried to get the Union Square movie theaterwe didnt have a theatrical booking yet. Theres aesthetic and political values to the people behind the company. Without the same star power or effects as your typical studio horror film, these scary movies rely on mood, style and character to create a feeling of dread, rather than jump scares. The company may be a lovely acquisition target for a buyer seeking an arthouse pipeline,but A24 is still building itself as a brand one that is synonymous with quality. I say, Dont go there. Because what happened was, someone ran out with a red envelope. Thus far, A24 hasnt made any of the movies its released, but its made all of them A24 movies. You get a movie with them and it represents something. When you can get a distribution company that likes the film for the same reasons that people that made it like the filmIve found that rare. John has been a trusted partner who helped conceive A24 and for that we will always be grateful, noted A24 in a statement. He was calling me. When I was explaining to people what I was doing, it felt like a political campaign. 2023 Variety Media, LLC. Fenkel: Do you have to be a genius to do Sofia Coppolas movie, or Harmonys? There has been speculation for the past six months that the company is for sale. Katz: In LAwhatever just transpired last month, you feel it in LA. . Aizenberg: I think we knew we had something at South By. And, I mean, there was one moment in the movie when my character was booed and hissed so vociferously, I felt as though I was in a Roman arena and my life was at stake. Were always cognizant of trying to sell the film by not selling it, said marketing exec Jesse Patrone-Werdiger, speaking to A24s rare faculty for promoting around the product its trying to push, shifting the tectonic plates of culture in the hopes of giving rise to a mountain. Surely theyve learned by now that theres a ceiling for arthouse films these days. There is no Tinder for Room! Lets run there. I think we lost control. There are exceptions to this rule, such as Miramax, the company that upended indie cinema in the 90s, backing then unknown filmmakers like Steven Soderbergh and Quentin Tarantino. The fact theyre vampires might just be an excuse for them to wear sunglasses indoors. Katz came from a film finance group, while Fenkel and Hodges both left positions at other independent film companies. Signed on as producer beginning with the second season. in the past 3 years a24 has managed to make from 90 - 110 million at the yearly box office. Its not remarkable that A24 had set such a goalits remarkable that the company is accomplishing it. And the guy asked me, Is there anything we might find suspicious in there? I said, Theres an art piece inside in the shape of a gun. And literally the entire security department was like, What is wrong with you? Long story short, it made it through. John Cornelius Hodge (Squatty Roo, Jeep, Rabbit) was born on 25 July, 1907 in Cambridge, MA, is an American saxophonist. Katz: It was early in the relationship. Then he had this very high-tech, nuanced process, which was printing out a spreadsheet, and then when he would book a theater, he would write it down on the spreadsheet, and then when the spreadsheet was full, hed push it over from his desk to my desk. A24 was set up ten years ago by David Fenkel, John Hodges and Daniel Katz, all veterans of New York's independent film business. Over the past six years I have been fortunate to work with a diverse group of talented storytellers across film and TV and look forward to continuing those collaborations in my future endeavors.. It made me crack up. Earlier this year I was drinking in a hotel bar with the head of another distribution company at a film festival. Apply Bed Bath and Beyond Coupon and save 25% Off your entire purchase, Target Circle: up to 50% Off with Target promo code, Save 25% on your purchase of Spring Styles with Asos Coupon, Michael Kors Promo Code: sign up for KORSVIP + Get 10% Off on First Order, 2023 Cond Nast. It was crazy. Fenkel: And they were like, You cant do that! A24 thinks hard about the landscape of distribution, and they think hard about the models, and the models are changing. Fenkel: And the Spring Breakers trailer dropped the first day of Sundance, and MTVs servers fucked up, because we gave them the exclusive, and they stopped serving the video. A24, which was founded in 2012, said that no additional changes in management will be made. So that was like their heyday. Sacco: Youre not like, Oh, we got a Best Picture winner! Youre just like, Oh, we got a great movie.. The story behind the studio that brought you Moonlight and It Comes At Night, as told by Barry Jenkins, Sofia Coppola, James Franco, Robert Pattinson, and the founders of A24 themselves. In 2016, films distributed by A24 won Academy Awards for Best Actress (Brie Larson in Room), Best Documentary Feature (Amy), and Best Visual Effects (Ex Machina). As one of the founding members of the New York-based company, Hodges played a key role. A24 has only managed to turn each of its main-slate films into an event because the companys been ruthless and visionary when it comes to determining the difference. [18] In June, the company, along with Oscilloscope and distributor Honora, joined BitTorrent Now to distribute the work of their portfolio across the ad-supported service. Its a film about guilt that forever haunts you and the fear of being watched. Since then his contributions to growing the company have been invaluable and we cant wait to see what he does next., Added Hodges, I am incredibly proud of the company we created and of the amazing team at A24 that has been integral to its success. All rights reserved. Theyre on the tarmac, and were having to find a new jet for them within twenty minutes. I Was Like, Fuck Yeah!Barry Jenkins. Ali Herting (acquisitions and development, A24): We were never gonna get Place Beyond the Pines. A24 has an estimated net worth of about $1.89 million. They kept shutting us down. We tried to put together a slate in, like, four months, as opposed to just really growing it, building it in the right way. A24 was founded in 2012 by Daniel Katz, David Fenkel and John Hodges. And the interns are running around trying to find a glassblower. Of the 174 million impressions that the movie made in the weeks leading up to its debut, 49 percent were organic, meaning that you were just as likely to learn about a new Harmony Korine film from your weird aunts personal page as you were from a promoted update in your news feed. I just trust, you know, Drag City or Merge or SST or Dischord. You lost. But I feel that the fact that it was their first filmthere was a lot of idealism around the process. Genre hounds stoked by the Sundance hype would surely seek it out, but Eggers extraordinary debutabout a family of early American pilgrims who get banished to the wrong forestwould never be given the opportunity to meaningfully connect with its audience and worm its way into the culture. All Rights Reserved. Activity. You know, theyre big-time. But I do remember finally looking over, because I didnt know where they were sitting, and I spotted Dan Katz and Dave Fenkel, and, man, the smile on their faces! And then its like on the biggest stage, I didnt thank anybody! Memphis, Tennessee, United States. Zoe Beyer (marketing, A24): Spring Breakers had a whole Oscar campaign. January, February, we didnt know we had The Lobster. I want to be A24, he said. The bottom line is that there were 677 new releases in 2013, and that number is only getting bigger. Fifty-six-year-old guy. God bless em. If theaters are to remain something more than a repository for superhero movies, everybody might have to be. Animated photo illustration by Lisa Larson-Walker. But more independent existed then. Daniels like, Okay. And it was like. There are more glamorous things to be, in Hollywood, than an independent distribution company. Johns experience and taste is evident in the films he has developed and produced over the years. Beyer: It was all about this tension between, like, trying to legitimize ourselves as a real company that can handle working with, like, big. So when I saw that, I was like, Okay, those guys, they know what they are doing.. . You could tell that they wanted to be great. You prepare like for your dissertation at Harvard. On the most literal level, an A24 film is budgeted from anywhere between $1 million (Obvious Child) and $20 million (A Most Violent Year). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Katz: I was very concerned that people were gonna think Room kind of stepped into shit and got lucky with awards. Aizenberg: Nine to ten people walked out. But we liked them. Katz: And we were all like, You know what? And, like, within two blocks, I have to stop. Likewise, A24 loves Sundance acquisition Mississippi Grind, a tremendously appealing riff on Robert Altmans California Split that co-stars Ryan Reynolds and Ben Mendelsohn as compulsive gamblers on a road trip to nowhere. The companys expansion into film is a natural progression as the company continues to produce scripted and non-scripted television as well as stand-up comedy specials. I think when we started [2016], it was another, like, what Id consider a building year. TV production powerhouse Jax Media is expanding into film and tapped John Hodges, one of the founding partners of A24, as its new head of film. Hodges. Were gonna put it in theaters, and were gonna find a way to keep it there. Now, look, at that point, none of us were thinking, Hey, were gonna win Best Picture! But we wanted to give the movie the chance to have as much of a life as we possibly could. A Glimpse Inside the Mind of Charles Swan III, Frankenstein's Monster's Monster, Frankenstein, Would It Kill You to Laugh? The only monsters we ever see in "It Comes at Night" are the ones that live under one roof. Coppola: That was the worst. It was another way of getting the message out there. Nandan: I remember seeing a screener of [The Witch], and yeah, it was like, oh, right, howd that movie not sell for more money? Starring Splits Anya Taylor-Joy, Robert Eggers creates a world devoid of God in this thunderous and bleak religious melodrama. Drinking champagne at nine in the morning. When your audience does the work for you. The company has laid the groundwork to evolve from just another upstart distribution label into a multiheaded ministudio capable of developing its own contentand so far theyve done it by releasing movies that tend to earn more cultural cachet than they do money. (Blindsided teens, many of whom had been intrigued at the thought of seeing former Disney star Selena Gomez in a more mature performance, assailed the Internet with complaints that they had paid to see the Worst Movie Ever Made.) Like, no way in hell. Tinder was yelling at us. New York, no one gives a shit. GQ may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. A24 Co-Founder John Hodges Exits - Yahoo A24 is not like other entertainment companies. A24 was founded on August 20, 2012, by film veterans Daniel Katz, David Fenkel, and John Hodges. John Hodges (co-founder and co-head of TV, A24): It was one of those conversations where it was always like, How would we do it differently? And it was usually fueled by beer and things scribbled down on napkins and a lot of bravado. David Fenkel and I have had some great conversations about film - the whole A24 team have a great and deep love for cinema. Losing a movieI wanted to jump off a bridge. The tech titan is reportedly in the midst of dropping $1 billion on original content, but has yet to make a major film market move. [11][12], In September 2013, A24 entered a $40 million deal with DirecTV Cinema, where DirecTV Cinema would offer day-and-date releases 30 days prior to a theatrical release by A24; Enemy was the first film to be distributed under the deal. So Im showing up to the airport with no luggage and a cardboard box with duct tape wrapped around it. And I think it is down to companies like A24. We want to go two thousand screens. It was a perfectly good jet! And [my producer] kept saying it, and I kept thinking, Okay, at some point Ill figure out what hes talking about. I kept calling the guy. Garland: Under the Skin is exactly the kind of movie that you would not see distributed by a major studio. And so anytime you speak with someone whos not a pure accountant, is not a pencil pusher? And then, in 08, the bubble burst, and the economic downturn probably had a little bit of impact. His relationship with talent and creators is exceptional and we look forward to having him make Jax his new home.. Worst case, youll get the trench-coat crowd. You know what the trench-coat crowd is?

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a24 john hodges net worth