Data shows that spending on indie films rivals the major movie studios
Entertainment Media Partners and Cultural Weekly are pleased to announce the release of an in-‐depth infographic exploring the state of independent filmmaking by looking at key data associated to The Sundance Film Festival. Although the info graphic is below on the post, you can also access the full analysis here:
http://www.culturalweekly.com/sundance-infographic-2014/
“This is the first time anyone has tried to quantify the amount of money spent producing independent films every year,” said Adam Leipzig, CEO of Entertainment Media Partners. “The numbers are huge— over $3 billion per year—even though each film is financed one at a time.” The infographic provides an eye-‐opening look at the importance of The Sundance Film Festival and the movies screened there, by visualizing data on films submitted, films accepted, financial investment, and how many people work on indie movies. It also offers box office data associated with films that have sold for the most money at the festival, and those that served as opening night premieres.
Leipzig identified these key findings:
• Over $3 billion is spent annually to produce independent films, rivaling the production expenditure of major movie studios.
• Less than 2% of that $3 billion will be recouped.
• Over 4,000 films are submitted to Sundance.
• 400,000 people work creating films submitted—a number more than double the population of Salt Lake City.
• Sundance provides up to $80 million in economic impact for Utah. Now in its 36th year, The Sundance Film Festival runs January 16 – 26, in Park City, Utah. It is the most important film festival in the United States, and the most significant independent film festival in the world. For more information, visit: http://www.sundance.org/festival/
About Entertainment Media Partners
EMP works closely with clients to successfully navigate Hollywood’s talent, financing and distribution systems. It provides exceptional creative and financial returns, by maximizing the value and visibility of your entertainment content and investment.
About Cultural Weekly
Cultural Weekly is a digital magazine with a mission to draw attention to our cultural environment, illuminate it, and make it better through rich conversations. Coverage includes film, theatre, music, television, dance, architecture, art, poetry, literature and much more.
