You will be redirected back to your article in seconds

Cannes feeds IFC’s library

Acquisitions marked for day-and-date release

IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.”

All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets.

Launched in January 2006, First Take is essentially a library play, aiming for 24 releases a year. After paying generally five-figure sums for films, it debuts them simultaneously in theaters, on VOD and, in some cases, on iTunes.

IFC Entertainment prexy Jonathan Sehring says the venture was born of economic change.

“We saw a lot of (festival) movies that we fell in love with, but realized that the economic model for a traditional theatrical distribution was really tough,” he says. “We hated to see these movies not getting distribution and we wanted to make them work.”

Of the banner’s 30 releases to date, its biggest theatrical hit is 2006 Palme d’Or winner “The Wind That Shakes the Barley,” which has grossed $1.6 million this spring. “The Trouble With Men and Women” took in only $967.

“We are not making money hand over fist,” Sehring says, “but we are not losing money.” IFC’s corporate ties to Cablevision and Rainbow Media made VOD a natural outlet, though the company won’t disclose specific download figures.

Other day-and-date believers are trying to take the concept broader, as Magnolia will with Brian De Palma‘s “Redacted” in the fall.

But Sehring vows to “stick to our knitting” with indie and foreign fare. Due June 22 is a New Zealand cult fave from last year’s Toronto fest, “Black Sheep.”

More Digital

  • JAMES FARRELL

    Amazon Names James Farrell Head of International Originals

    IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.” All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets. Launched […]

  • Super Deluxe

    Turner Shuts Down Super Deluxe, Citing Duplication With Other WarnerMedia Units

    IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.” All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets. Launched […]

  • NBA Finals Game 1 ratings Warriors

    Oculus to Stream NBA Games for Free in VR, Starting With Sunday's Warriors vs. Nuggets

    IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.” All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets. Launched […]

  • Hulu With Live TV Full Channel

    Hulu Extends Sprint Pact to Drive Live TV Subscriptions

    IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.” All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets. Launched […]

  • Nick Clegg

    Facebook Hires Ex-British Politician Nick Clegg as Head of Global Communications

    IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.” All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets. Launched […]

  • Lena Dunham, Jennifer Konner - Lenny

    Lenny Letter Shuts Down: Lena Dunham, Jenni Konner Post Farewell Note to Fans

    IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.” All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets. Launched […]

  • Lena Dunham and Jenni Konner

    Lena Dunham and Jenni Konner's Lenny Letter Is Shutting Down (Report)

    IFC raised eyebrows in Cannes by grabbing three films, including Palme d’Or winner “4 Months, 3 Weeks & 2 Days” and Gus Van Sant‘s “Paranoid Park.” All are bound for the company’s fledgling day-and-date banner First Take, a fest fixture whose raison d’etre remains a bit murky for even the most seasoned Croisette vets. Launched […]

More From Our Brands

Access exclusive content