DirecTV Pacts with Indie Film House A24 for Early-Release VOD Titles

Toronto Film Festival Top Deals

Deal gives satcaster access to pics on VOD 30 days before theatrical release

DirecTV is officially in the film biz: The satcaster is teaming with indie studio A24 to jointly acquire films for U.S. distribution, with DirecTV getting rights to offer the films on-demand 30 days prior to theatrical release.

Initially, DirecTV is committing $40 million to the partnership with A24 — a baby step, to be sure, given that the amount represents a small fraction of the No. 1 satellite operator’s total revenue ($7.7 billion in the second quarter of 2013).

That $40 million covers the initial investment of the first phase of DirecTV’s Cinema Exclusive Premiere program, which will offer 12 films, according to a rep.

The first film for the duo is “Enemy,” starring Jake Gyllenhaal and directed by Denis Villeneuve, based on Javier Gulon’s adaptation of Jose Saramago’s novel “The Double.” DirecTV and A24 acquired the U.S. rights to “Enemy” at the Toronto International Film Festival for between $1 million and $2 million, the Wall Street Journal reported, citing an anonymous source.

DirecTV expects to debut “Enemy” in early 2014, with seven-day rentals for early-release VOD titles to be priced at between $10.99 and $12.99.

New York-based A24, formed last year with backing from Guggenheim Partners, also closed deals at the Toronto fest for Tom Hardy’s drama “Locke” and Scarlett Johansson’s science-fiction vehicle “Under The Skin.”

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 2

Leave a Reply

2 Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Thank you, I’ve recently been looking for info approximately this topic for a long time and yours is the best I have came upon so far. However, what concerning the conclusion? Are you sure in regards to the supply?

  2. andtew silvestri says:

    Ho andtew we have films if interested a24 inc 718 370 1687

More Biz News from Variety

Loading