The exceptionand basically the only part of A24 that has any public profile at allis the companys social media presence. [13] That same year, A24 entered a deal with Amazon Prime, where A24-distributed films would be available on Amazon Instant Video after becoming available on DVD and Blu-ray. The End of the Tour freed Jason Segel from the succubus of network sitcoms by allowing him to inhabit the image of an iconic American writer. Thats someone else. Moonlight is nominated for eight Academy Awards, including Best Picture, Best Director, and Best Supporting Actor, but loses Best Picture to La La Landwait, what? We want to go two thousand screens. Trey Edward Schultz's moody, atmospheric thriller plays on our country's present division and how mistrust in others can come back to harm us. I think he would say something now. When the film comes out in early 2016, it will arrive exclusively in theaters, and its trial by fire will be exclusively in theaters. So that was like their heyday. [24], On November 15, 2018, A24 and Apple announced that they had entered into a multi-year partnership where A24 will produce a slate of original films for Apple. Katz: There was still, I think, the element ofthey thought we got lucky. IP & Literary Intern, Literary & IP Acquisitions at Amazon Studios, Assistant, Physical Production at Lionsgate, Executive Assistant/Production Office Coordinator for iONE Digital (NY), Manager, Scripted Film and Television, Cond Nast Entertainment. A24 has an estimated net worth of about $1.89 million. I felt like we were all on the same team. Please only use it for a guidance and A24 (company)'s actual income may vary a lot from the dollar amount shown above. And they did. Lets go wide! The films were darlingsincluding David Michds The Rover, starring Robert Pattinson; Denis Villeneuves Enemy, starring Jake Gyllenhaal; and Jonathan Glazers Under the Skin, starring Scarlett Johanssonand, by and large, box-office underperformers. At the same time, we get a call saying that Selena and Ashley [Benson], their hair and makeup team hadnt gone on the private jet we had got for them, because they didnt think it was big enough or secure enough. Fenkel: I think we had to sell them on, like, Hey, were gonna push this thing.. That suits a company whose websites About page consists of nothing beyond an Eadweard Muybridge plate of a cockatoo flapping its wings. Or a screenwriter. Right after we did those three films, I dont think we had really purchased a film for the following year. Worst case, youll get the trench-coat crowd. You know what the trench-coat crowd is? Your vision is incredible.. In between, A24 went from being a tiny, disorganized room of eight or so people to being the place where big stars like Robert Pattinson and Scarlett Johansson go to make small, strange movies, and auteurs like Jonathan Glazer and Denis Villeneuve go to make deeply personal films unmolested by studio notes or clueless executives. It took us ten minutes to get a block. a24 john hodges net worth. . Theirs is a potent brand that Ive admired for a long time, and their reputation as innovative partners to talent is second to none.. Sacco: It was my first festival ever. Daniel Katz and David Fenkel will continue to oversee the NYC-based indie. Everybody wants to be A24. Garland: I didnt know what Tinder was until the festival. 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. (For context, the Spring Breakers Facebook page has 1.1 million likes, while that for Fox Searchlights Best Picture-winning Birdman has only 289,000.) And that question is the birth of fandom. In this newly created role, Hodges will be tasked with overseeing and growing all of Jax Medias film projects. Katz: By the way, a thousand times out of a thousand, youre wrong. PARK CITY, Utah At the Sundance Film Festival here in January, executives at A24, the upstart movie and television studio, stood in the back of a makeshift theater looking as if . Johansson plays something between an android and alien symbiote who seduces men in order to envelop them in a dark, infinite pool of nothingness. Ask for forgiveness. I think it just showed that we cared about these movies so much. And then we drank a huge amount of red wine. I didnt think it was terrible. And I think theyre creating a kind of renaissance in filmmaking. We literally didnt know what to do. Deploying for Major CAT Events, tornadoes . Fenkel: We may have had to fire a fake intern for that. Whatever lingering reservations I had about the VOD side of A24s business were dismantled by the recent rumblings of a demonically possessed goat: The DirecTV logo may still be lurking toward the bottom of The Witchs teaser poster (which accurately identifies and champions Black Phillip as the movies breakout star), but at some point along the way it was decided that this crowd-pleasing, pants-ruining work of art has the makings of a communal sensation, and A24 pivoted. John has been a trusted partner who helped conceive A24 and for that we will always be grateful, A24 noted. Katz: We have a better relationship with him now. An Industry Arts Company. And we just hounded him. We took a risk on the movie, and it fucking paid off, so why should we cut down our back end? And it was like a snowy and rainy day, and there was a ton of traffic. 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That Oscar win came within five years of A24s launch, but so did Open Roads win for Spotlight, and now that company is part of the larger entity Global Road. Love that movie. When it wasnt us. Theres aesthetic and political values to the people behind the company. If its gonna be released the same way by another company, we usually dont go after it. A24 is not like other entertainment companies. The company is behind instant fan favorites like Uncut Gems, Ladybird, The Lighthouse, and Everything Everywhere All at Once. I think what theyve understood is theres a sufficient number of people out there who want more challenging or different material. 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. A24 Founding Partner John Hodges to Exit Daniel Katz and David Fenkel will continue to oversee the NYC-based indie Thom Geier | March 26, 2018 @ 10:08 AM A24 founding partner John Hodges. Eggers: In the very beginning, when we went to Sundance initially, I didnt think that this was going to have such a large audience. Its exciting. Franco: I remember the South by Southwest festival, the screeningit was like a rock concert. Focused on High Net Worth Policy holders where policy coverage exceeds $1 million. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. It was also that A24 was releasing these films not with a sigh and a shrug, but with panache, style, and humor: bright neon colors, guerrilla marketing tactics, and in the case of James Francos Britney Spears-loving gangster character from Spring Breakers, an actual Oscar campaign. Youre incredible. I think when we started [2016], it was another, like, what Id consider a building year. And that was our communication for booking theaters. All Rights Reserved. Jon Hodges CEO at Evergreen North America Industrial Services League City, Texas, United States 2K followers 500+ connections Join to connect Evergreen industrial services and GEM mobile. [6] The name "A24" was inspired by the Italian A24 motorway Katz was driving on when he decided to found the company; coincidentally, the motorway is also renowned in Italian film history as the setting of many small Abruzzan towns and rural landscapes employed in the films of neorealist and surrealist masters. [17] In April, the company acquired all foreign rights to Swiss Army Man, distributing the film in all territories, and partnering with distributors who previously acquired rights to the film, a first for the company. If the cost of helping great movies find their theatrical audiences and lure them into theaters is to release other great movies that audiences have to find for themselves, thats probably a price most of us are willing to pay. Theyre super-smart people. 2023 Variety Media, LLC. There are more glamorous things to be, in Hollywood, than an independent distribution company. All rights reserved. We allowed them to come on set to see what was happening, and they in turn were sharing their release plans and their marketing materials, and we were commenting on that. That shift points to a greater move afoot at A24, as the company begins to develop its own projects from within. Denis Villeneuve (director, Enemy): I never saw them as businessmen. When I was explaining to people what I was doing, it felt like a political campaign. And there are studio subdivisions, like Fox Searchlight, that have consistently guided films like 12 Years a Slave and Birdman to Academy Awards and box office success over the past twenty years. Sacco: I show up at the airport. Dont get left behind. The photo has been replaced. Pattinson: Theyre definitely the place to be now. Across 96 films released at the time of this article, the average Production Budget on each film rounds out to a cool $6 million, with the Box Office revenue across the 96 films adding up to $798 million. When it happens again and again, thats very, very intelligent work and planning. Im thrilled to be joining the team at Jax, Hodges said. We all go nuts for a few minutes, and then were all like, Okay, what do we do?. Here's who: Daniel Katz, David Fenkel, John Hodges and James Schultz. And I felt with these guys it was a dialogue. We were about to have two movies [Ex Machina and While Were Young] with him. Aizenberg: I was at the Q&As at the ArcLight [in Los Angeles], and I remember taking a picture of the screen, and then all of a sudden it was like every screen at the ArcLight: Spring Breakers, Spring Breakers, Spring Breakers. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Four short years later, the companys first original production, Barry Jenkinss Moonlight, won the Academy Award for Best Picture. For a start, it was founded on the wrong coast - New York, not Los Angeles - by three relatively young arthouse film executives, Daniel Katz, David. 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.. Daniel Radcliffe (actor, Swiss Army Man): Ive had experiences on films in the past where they get bought by somebody who sees something in it that they like, which is nice, but it also happens to be notand is sometimes antithetical towhat the people who made the film wanted it to be. Katz: Some of it was probably misplaced, dont you agree? Franco: All the distributors knew it was great. [10] The company's first theatrical release was Roman Coppola's A Glimpse Inside the Mind of Charles Swan III, which had a limited release. But then also do things that other companies arent doing. If the companys success continues apace, it might not be long before a profitable mid-budget movie no longer seems like a unicorn, and it might not be much longer until being an A24 film is the only hook a film needs. I remember the thing that got him was like, Listen. Correction, Sept. 30, 2015:This article originally contained a photo of John Hodges, a film producer, rather than John Hodges, co-founder of A24. Hodges. Sasha Lane (actress, American Honey): They were like, You guys are who you are and were not going to change that. No one had to be perfected for anything. 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. A24, which was founded in 2012, said that no additional changes in management will be made. A24 took Ex Machina to the 2015 South by Southwest festival and built a Tinder chatbot with the face of Alicia Vikander to help promote the film. 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. Its like, oh, this person has no idea what Moonlight is, and it just won Best Picture. Its a film about guilt that forever haunts you and the fear of being watched. The second title was Life After Beth, the domestic theatrical haul of which was a paltry $88,273. In the last few years, there have been a spate ofindie horror films that have broken into the mainstream. You want to have a grown-up conversation about the best way to get your work to the people who would spend money to see it, Abrahamson concludes. Katz: Maybe even greater. That was just acting! It was not like being in a cinema. [25], On November 13, 2019, A24 entered into a premium cable television broadcast deal with Showtime Networks, covering all film releases through November 1, 2022. 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Rowling More Grace and Listen to Her, Britain's $4 Billion Boss: ITV Chief Carolyn McCall Bets It All on Talent, 2023 Music Festivals: How to Buy Tickets to Coachella, Governors Ball, Lollapalooza and More. We spoke with the companys friends, collaborators, and employees to make sense of how A24 became the most interesting, creative, and reliable film company of the 21st century. Its funny. Or a director. Hodges, who previously served as head of production at the indie production company Big Beach (Little Miss Sunshine), did not announce any immediate career plans. By subscribing, I agree to the Terms of Use and Privacy Policy. Sacco: Youre not like, Oh, we got a Best Picture winner! Youre just like, Oh, we got a great movie.. John Hodges. Well handle it! And if it works, its them; if it doesnt work, its all your fault anyway. And they were like the third guy at the company. An A24 project is far more likely to be female-driven than a film released by another company, and it is typically directed by a major filmmaker (Sally Potter, Sofia Coppola, Noah Baumbach) or a filmmaker on the cusp of becoming one (J.C. Chandor, James Ponsoldt). Aizenberg: That Oscar-nomination morning, I remember walking into the office that day, and I was like, Please, dear God, just let Amy and Brie get nominated. March 3, 2018. Other similarly sized outfits tend to flood the flooded marketplace with a steady barrage of quality independent and foreign fare in a way that can feel indiscriminate: Send the DCPs to Film Forum and let God sort em out. I still think that its morally questionable, but now I realize that the publicity people do stuff, and that stuff is real.. Coppola: I was a little nervous about not going with a company that I knew had a track record, but I knew that they were going to really do their best. All Rights Reserved. We just had to catch up to that idea. But its present success and continued survival are dependent on a massive deal that seems to directly contradict everything thats made the company so special. Whoa! Because theyd made a curated, awesome, crafted film. The initial agreement covered 12 films, the first of which was Denis Villeneuves jaundiced doppelgnger freakout, Enemy, starring Jake Gyllenhaal. A mother undergoes reconstructive facial surgery, but her two twin boys dont recognize the woman beneath her bandages. A24s initial funding came via an infusion of capital from Guggenheim Partners, the investment firm at which Katz previously oversaw film financing. When I arrived at A24s office, in an anonymous building so close to the western lip of lower Manhattan that it can practically taste New Jersey, my fears that the company might be growing too fast werent exactly assuaged by learning that within weeks it was moving to an enormous office closer to midtown. Igoe: Even with Ex Machina at the time, we were getting bigger, but we still had that kind of start-up mentality that I dont know wed be able to get away with now. Aizenberg: I think we knew we had something at South By. They dont have the personality of movie executives. It was like Broadcast News. Aizenberg: Yeah. [8][28] Its five highest grossing films are Everything Everywhere All at Once ($107.2 million), Hereditary ($82.5 million), Lady Bird ($79 million), Moonlight ($65.3 million) and I asked him what he wants his company to be. Meanwhile, A24 has already been building an ark. Your eyes dont gloss over James Franco as a trap music Jesus. Sign up for THR news straight to your inbox every day. Prior to A24, all had worked extensively in film and production before leaving their current positions to co-found the company, originally A24 Films, which specialized in film distribution. I was like, Fuck yeah!, Sacco: I think its inspiring and motivating to a younger generation: Oh, that movie cost this, and it did this. The company said he will exit to focus on "future opportunities," but did not clarify beyond that statement.. A24 is an American independent entertainment company founded on August 20, 2012, by Daniel Katz, David Fenkel, and John Hodges and based in New York City. 2023 The Hollywood Reporter, LLC. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. John Hodges is leaving A24, the Oscar-winning indie studio that he co-founded. Nandan: I remember seeing a screener of [The Witch], and yeah, it was like, oh, right, howd that movie not sell for more money? And you can really see over the past few years, it really, really hasnt at all. Sure, were talking about an aggressively uncommercial director whose previous feature was called Trash Humpers, but the success of Spring Breakersand how it was achieveddemonstrated that theres still an audience for the kind of challenging and essential medium-budget movies that most in the business left for dead. But A24, it became clear when I spoke to the companys employees, saw Spring Breakers as a Trojan horse for progressive cinemathe company less concerned about the nine kids who found the film too weird than they were the one kid who went home and rented Gummo. As of 2023[update], the company's films had received a total of 49 Academy Award nominations. Notable guests on the show have included Bo Burnham, Paul Schrader, Sofia Coppola, Alia Shawkat and Martin Scorsese. Take the fate of John Macleans Slow West, one of the years best films, a neo-Western starring Michael Fassbender as a bounty hunter. More recently, it expanded from being an acquisitions-only distributor to producing home-grown fare as well as branching into TV. Anything in between is dead in the water. Daniel Katz, David Fenkel and John Hodges have unveiled New York-based A24 as a distribution, financing and production company with plans to release eight to 10 titles annually. Suddenly, in order to be financially viable, a project has to cost less than $2 million or more than $200 million. Kapadia: Theyve won Best Picture. The optimistic way to view this situation is that A24 is getting much better at buying good movies for its DirecTV deal, rather than filler like Barely Lethal. You dont watch something like Spring Breakers or Under the Skin without thinking: Where the hell did that come from? How do we get Spring Breakers? And then Noah got Spring Breakers. That was a thing. Fenkel: And they were like, You cant do that! How A24 is Disrupting Hollywood. Key grip. Thats an achievable budget number for me. You know what I mean? And weve been so consistent about thanking them. Her film The Invitation" plays on agitation and insecurities between a group of old friends and some suspicious strangers at a lavish dinner party. In recent years, the recession and the concurrent rise of VOD streaming services have already torpedoed the midbudget movie. Kleiner: They had the movie, I want to say, 22, 23 weeks in theatrical release? Still, A24 has never enjoyed a box-office breakout hit. Activity. None Of Us Thanked Them. How do you know when an ad campaign is working? Hodges had been an integral part of the studio since its inception in 2012, along with co-founders David Fenkel and Daniel Katz. All Rights Reserved. That company and the old Miramax and Fox Searchlight had a real brand and a hold on their audience. Hes not gonna be able to do this right now. Our first release. Next year theyll re-team with While Were Young director Noah Baumbach on his brilliant doc about Brian De Palma, distribute one of the best horror films since The Shining, and release the first of the films theyve financed themselves. In 2012, Fenkel, Hodges, and Katz left their jobsat Oscilloscope, Big Beach, and Guggenheim Partners, respectivelyto start A24. Prior to joining Jax in 2019, John was a founding partner of A24, where he helped oversee acquisition and distribution on some of the company's roster of more than 70 films, which includes Spring Breakers, Ex Machina, Amy, Lady Bird, and Best . Beyer: It was all about this tension between, like, trying to legitimize ourselves as a real company that can handle working with, like, big. For Ponsoldts latest, A24s marketing efforts followed the films example of approaching a highbrow topic with a low bar for entry, partnering with Medium.com for a project called Just Words, for which writers, artists, and other intellectual types collectively celebrated the life and work of David Foster Wallace. you never leave your partner especially in a fire villas san angel rosarito a24 john hodges net worth. So whos to say that, you know, A24 wont become Warner Brothers five years from now? And yeah, I just think that it takesit doesnt happen that often that a new studio starts. [29][30], "A24 Films" redirects here. Slate is published by The Slate Group, a Graham Holdings Company. And, you know, partly as a filmmaker, youre like, My God! I open the curtains when Im in L.A., and everywhere I see films on billboards. The division of labor is clear, but there arent any titles for the companys employees, who all work elbow to elbow in a single room. The gross guysand hes like, All right. Katz: Tuesday morning, I remember, we had a little whiskey for him. At a time when young people are increasingly going to the movies only for blockbuster spectacle, A24 has established itself as the film industrys most forward-thinking company by releasing the kind of midsized, stylish, quality films that seemed on the verge of going extinct, transforming them into a collective theatrical experience, and aiming them squarely at a demographic that would rather watch movies on their phones. Sacco: We were on our way to the bathroom. 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Fellow founding partners Daniel Katz and David Fenkel will continue to oversee the NYC-based indie studio, which has seen great success with Oscar-winning films such as Room, Ex Machina and last years surprise Best Picture winner Moonlight.. This field is for validation purposes and should be left unchanged. We get credit for it even when we have nothing to do with it. Fenkel: Look at The Witch. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. Theyre just on it. Sacco: And people on planet Earth, you know, they go see movies that they need to want to see or hear about. Set in 1630s New England, a family is banished from their village and starts to unravel when their baby vanishes. His relationship with talent and creators is exceptional and we look forward to having him make Jax his new home.. Login to view all information @ 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. It was like two hours before, and they were like, Hes not gonna make it. Zoe Beyer (marketing, A24): Spring Breakers had a whole Oscar campaign. Jul 2021 - Present1 year 7 months. And check out the haunting synth score by Disasterpiece. a24. And Im not saying theyre magicians. Fenkel: I remember we were just getting to know Scott Rudin. That was where I learned what Tinder was. Daniel Katz (co-founder, A24): We used to always talk about Oh, theres gotta be a better way..
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