Sundance 2020 may not match last year's deal frenzy. Here's why [Los Angeles Times (CA)]
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Source: Los Angeles Times
Generations of filmmakers have headed to the tiny resort town of Park City, Utah, for the Sundance Film Festival with dreams of landing big deals and launching their careers. Maybe it’s the thin mountain air, but the festival has a long history of bidding wars that often end with distributors paying hefty sums for hot-ticket movies. While some become profitable hits and Oscar candidates, many struggle to make their money back at the box office. The 2020 edition of the festival, which begins Thursday and runs through Feb. 2, may be less of a gold rush for dealmakers, after a number of pricey acquisitions faltered in the past year and many films are arriving at the festival with distribution already in place. Fewer than 100 feature films are coming to Sundance seeking distribution, according to data compiled by United Talent Agency and other industry sources. That’s down 14% from the 116 that came to the festival without a distributor in 2019. The total number of features being shown, 1
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