Amazon Acquires Rights to 40 Films From SXSW, Paying $1.9 Million-Plus in Cash Bonuses (Variety)

from Variety,

Amazon has swept up streaming rights to 40 films that screened the 2017 SXSW Film Festival — including “Most Beautiful Island,” the Grand Jury Award winner for narrative feature — saying it will pay out at least $1.9 million in upfront cash bonuses for the titles.

The ecommerce giant snagged the SXSW selections through Amazon Video Direct’s Film Festival Stars program, designed to be a streamlined, no-haggle way for independent filmmakers to get paid for digital distribution. Amazon acquired 15 films from this year’s Sundance Film Festival under the program; it extended a similar offer to entrants in the Tribeca Film Festival and plans to take it to the Toronto International Film Festival, too.

Among the 40 titles that opted in are festival award-winners “Most Beautiful Island,” a gritty drama starring and written and directed by Ana Asensio (pictured above) about an undocumented immigrant struggling to get by in NYC; “The Light of the Moon,” SXSW Audience Award for narrative feature; and “The Untold Tales of Armistead Maupin,” SXSW Audience Award for documentary spotlight. Other films include “A Bad Idea Gone Wrong,” special jury recognition for best ensemble; “I Am Another You,” special jury recognition for excellence in documentary storytelling; and “Maineland,” special jury recognition for excellence in observational cinema.

Very excited to see the Armistead Maupin documentary as well as many other films.

Reed the full article on Variety.

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