Five days into the Toronto International Film Festival and things seem to be off to a rocky start in the film industry. With no one buying any films for wider distribution, it seems that people are now relying on online VOD platforms such as Netflix and Amazon.
Two of the most highly-anticipated titles, Michael Moore’s ‘Where To Invade Next’ and the new Aretha Franklin documentary ‘Amazing Grace’ are the top two contenders among Netflix and Amazon. According to reports from The Hollywood Reporter, Moore has already rejected the offer from Netflix, awaiting a theatrical release.
With these two films still up for grabs, it suggests that there is a weak market for films this year and things are not going as smoothly or successfully as anticipated.
“I’ve never seen it so quiet. There’s nothing to buy,” said another indie distributor. “It’s not just Toronto. Cannes was quiet too.”
With VOD becoming such a main player in the US market, it seems that larger companies are changing how they operate for American audiences.
The Hot Zone will keep you posted on how the festival develops.