The head of the VC firm that invested several hundred million dollars in A24 a year ago says the indie producer-distributor’s “extraordinary” momentum could lead to a large international busi…
, leading the first institutional financing since the studio was founded in 2012. The deal valued the company at an eye-popping $2.5 billion.
That brand recognition is key. The company has forged a young fanbase seemingly as loyal and fervent — if considerably smaller — as Marvel. “I think A24 could be an acquirer,” he added of the company, which was once seen as a potential acquisition target. Deadline reached out to more than a dozen industry sources, all of whom preferred to speak on background given the competitive nature of things.is that the company’s already hefty valuation will only climb. But perhaps not in the current financial climate.
The film’s box office gains helped jump-start the indie box office during a particularly challenging period for indie theatrical releasing, not least because of Covid. The result was borne out of a confluence of marketing and publicity chops, and organic talent and audience enthusiasm., the previous movie directed by Daniels , helped the A24 team understand the directors’ tastes and preferences.
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