The film industry is transforming with declining revenues, reducing film output, and a shift in consumer preferences. Major studios are consolidating and struggling, while television emerges as a dominant medium. Theaters face over-leveraging challenges. Streaming services haven’t compensated for theatrical declines.
The UK’s Independent Film Tax Credit (IFTC), starting April 2025, offers a 53% Audio-Visual Expenditure Credit for films under £15 million. While boosting UK interest at Cannes, concerns about financing and costs remain. Rising US streamer influence and production expenses challenge UK independents, demanding global strategies for sustainability.
Despite the challenges at AFM, TIFF, and EFM in restoring pre-lockdown attendance levels, Cannes has flourished, showing consistent growth and culminating in its largest market in years. Following the first day of Cannes, the atmosphere remains upbeat as sales agents and producers indicate strong interest from international buyers.
After years of declining demand for independent films, producers, sales agencies, and distributors report a significant pre-sales market resurgence heading into Cannes. Download Your Free Cannes Film Festival Cheat Sheet Below with Titles, Directors, Sales Representatives, Deals Signed, Links to IMDbPro, and More.
Universal Pictures bifurcates the 18-month Pay-One Film Licensing Window for its streaming service Peacock and Amazon. After four initial months on Peacock, Universal’s live-action films will stream exclusively on Amazon’s Prime Video for ten months before returning to Peacock for the final four months.
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