Ted Hope: “The Indie Film System Is F**ked” — Locarno

Ted Hope: “The Indie Film System Is F**ked” — Locarno


Veteran indie producer Ted Hope opened Locarno’s business symposium Thursday afternoon with a provocative keynote the place he declared: “The indie film system is fucked.”

The discuss, titled Indie Movies: 50 Years Of Constructing The Mistaken Factor, started with Hope’s pointed declaration earlier than he reassured the viewers of predominantly European business insiders that now could be the time to construct a brand new, self-sufficient indie eco-system.

“There’s a huge chance that we’ve never had before to build something better,” Hope mentioned, including: “And I actually think it’s quite doable.”

Hope has made related assessments up to now. In 1995, the producer, greatest identified for launching the careers of indie filmmakers akin to Ang Lee, Nicole Holofcener, Todd Discipline, and Michel Gondry, revealed the seminal essay Indie Movie is Lifeless. As we speak, nevertheless, Hope mentioned his previous thesis wasn’t fairly proper. On the time, he mentioned he hadn’t realized that there has by no means been “such thing as a stable indie film system.”

“It might’ve been rife with biases and prejudices, but the model worked,” Hope mentioned. “It was prey to different trends and certain people’s manipulations. That, to me, is the old indie. And that’s what we have to say is over.”

Hope added that the primary enterprise failure that has contributed to the demise of outdated indie cinema is that business exes usually solely base their funding and commissioning selections on the success of previous initiatives, which has saved the business stagnant. Nonetheless, this mannequin has been disrupted by streaming platforms, which now have a lot broader audiences they have to cater to.

“The goal is to delight the customers, and people want to see themselves and their issues portrayed,” he mentioned. “You cannot rely on what has worked before. But when you sit down with any buyer of a corporation that is still 100% what they’re thinking. I think that is a recipe for failure.”

Illustrating his philosophy, Hope spoke about his work producing Ang Lee’s movie, The Marriage ceremony Banquet, which he mentioned was “uniformly rejected initially for being gay and Chinese” by the business. However when the movie was ultimately launched and have become a hit with audiences, choosing up a Greatest Internationa Oscar nom, he turned away from the Hollywood studios and used the worldwide gross sales firm method in addition to money from Focus Options to fund 45 additional options.

“It’s about recognizing the system, and when you do, it gives you greater freedom to start to change both the subject of your movie and your process,” he mentioned.

Later throughout the session, Hope turned his consideration to the 2 present strikes in Hollywood towards the studios, one by the WGA and one by SAG-AFTRA. The producer mentioned some of the important battle strains between the studios and placing employees is across the transparency of information from streamers and the studios.

“We need to own the data of the work we create,” Hope mentioned. “If we don’t have this, we as artists and entrepreneurs can’t course correct when we make a mistake. We can’t say we didn’t connect with an audience with this film.”

Hope added that when he joined Amazon in 2015, he heard individuals within the firm say “they would never share” viewing information with creators and producers. Hope joined Amazon in 2015 as head of the Growth, Manufacturing, and Acquisitions crew, and he was elevated to co-Head of Films in July 2018. He left the corporate in 2020, returning to his work as an indie producer. Nonetheless, he later added that he believes a shift is on the horizon, with studios softening their perspective to sharing information with artists. Hope mentioned he thinks this can probably occur first in Europe, which the Hollywood studios and streamers will inevitably find yourself following.

With that mentioned, Hope concluded that his time working at Amazon had been each pleasing and fruitful.

“I believe in change from the inside. They’re not the enemy. I worked at Amazon. I was super happy to be there, and they treated me really well,” he mentioned. “Every movie we made was profitable. They were successful films, even the ones people thought weren’t successful. They served the business goals of our company along the way.”

Hope concluded his keynote by saying with the entire earnings raised for the streamers and studios from profitable movies, artists should get a lower of the backend presently loved disproportionately by execs.

“Denying back-end participation is a violation of human rights,” he mentioned. “I think this is a place for government. Sharing in the success is an absolute necessity for what we do.”

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