A24 Films LLC
A24
FormerlyA24 Films (2012–2016)
TypePrivate
IndustryEntertainment
FoundedAugust 20, 2012 (2012-08-20)[1]
Founders
  • Daniel Katz
  • David Fenkel
  • John Hodges
Headquarters31 West 27th Street,
Manhattan, New York City
,
United States
Number of locations
2 (2016)
Area served
Worldwide
Key people
  • Daniel Katz (Chairman)
  • David Fenkel (CEO)
Products
Services
OwnerDaniel Katz
Number of employees
295[2] (2021)
DivisionsA24 Music
A24 Television
A24 International
A24 All Access (AAA24)
Subsidiaries2AM (backing)
Websitea24films.com

A24 is an American independent entertainment company that specializes in film and television production, as well as film distribution. The company is based in Manhattan.[1]

The company was founded in 2012 by Daniel Katz, David Fenkel, and John Hodges.[3] Prior to A24, all had worked extensively in film and production before leaving their positions to co-found the company, originally A24 Films, which specialized in film distribution. Starting off moderately in 2013 with A Glimpse Inside the Mind of Charles Swan III, the company's growth started with the release of Spring Breakers later that year. In 2014, A24 picked up the U.S. rights to Ex Machina and Room in 2015, before obtaining worldwide rights to The Witch (2015). They entered into deals with Amazon Prime Video and DirecTV Cinema in late 2013, with some films distributed through them, and the name was changed to A24 in 2016.[4] In 2022, A24 distributed the film Everything Everywhere All at Once, which won Academy Award for Best Picture and six other awards.[5]

A24's television division has produced numerous programs, including At Home with Amy Sedaris (2017–2020), Beef (2023), The Carmichael Show (2015–2017), Euphoria (2019–present), I'm Sorry (2017–2019), Irma Vep (2022), Mo (2022–present), Mr. Corman (2021), Ramy (2019–present) and Ziwe (2021–2022).[6]

The company has also frequently worked with artistically minded writer-directors, including Darren Aronofsky, Ari Aster, Sean Baker, the Daniels, Robert Eggers, Alex Garland, Rose Glass, Joanna Hogg, Yorgos Lanthimos, David Lowery and the Safdie brothers.[7][8][9]

A24 has developed a reputation as a powerhouse in independent film with a passionate fanbase.[10][11][12] Its projects have also had a major influence on style in contemporary horror and arthouse films, among other areas.[13][14][15] A24 is also known for the originality of films it produces, generally shunning the style of films produced or released by the Big Five studios.[5][15][16]

History

2012–2013: Founding and early years

A24 was founded on August 20, 2012, by film veterans Daniel Katz, David Fenkel, and John Hodges.[3] Katz formerly led the film finance group at Guggenheim Partners, Fenkel was the president, co-founder and partner at Oscilloscope, and Hodges served as "Head of Production and Development" at Big Beach.[3] The name "A24" was inspired by the Italian A24 motorway Katz was driving on when he decided to found the company.[17]

Guggenheim Partners provided the seed money for A24. The company was started to share "movies from a distinctive point of view".[18] In October 2012, Nicolette Aizenberg joined as head of publicity from 42West where she was senior publicity executive.[19]

The company began its distribution of films in 2013.[20] The company's first theatrical release was Roman Coppola's A Glimpse Inside the Mind of Charles Swan III, which had a limited theatrical release. Other 2013 theatrical releases included Sofia Coppola's The Bling Ring, Harmony Korine's Spring Breakers, James Ponsoldt's The Spectacular Now, and Sally Potter's Ginger & Rosa.[17][21][22][23]

In September 2013, A24 entered a $40 million deal with DirecTV Cinema, where DirecTV Cinema would offer day-and-date releases 30 days prior to a theatrical release by A24; Enemy was the first film to be distributed under the deal.[24] That same year, A24 entered a deal with Amazon Prime, where A24-distributed films would be available on Amazon Instant Video after becoming available on Blu-ray and DVD.[25]

2014–2017: Television and later productions

In May 2015, A24 announced that it would start a television division and began producing the USA Network series Playing House, as well as working to develop a television series that would later become Comrade Detective, produced by Channing Tatum. The company also announced that they would also finance and develop pilots.[26]

In January 2016, Sasha Lloyd joined the company to handle all film, television distribution and business development in the international marketplace.[27] The company, with cooperation from Bank of America, J.P. Morgan & Co. and SunTrust Banks, also raised its line of credit from $50 million to $125 million a month later to build upon its operations.[28] In April, the company acquired all foreign rights to Swiss Army Man, distributing the film in all territories, and partnering with distributors who previously acquired rights to the film, a first for the company.[29] In June, the company, along with Oscilloscope and distributor Honora, joined BitTorrent Now to distribute the work of their portfolio across the ad-supported service.[30]

In January 2017, the company acquired the United States and Chinese distribution rights for their first foreign language film: Menashe.[31]

2018–2019: Management changes and partnerships

On February 28, 2018, A24 launched a podcast titled "The A24 Podcast".[32] Episodes are based around a discussion between two members of the film industry. Guests on the podcast have included Bo Burnham, Sofia Coppola, Paul Schrader, Martin Scorsese, and Alia Shawkat. Despite lacking any pre-defined structure, episodes generally contain discussions around recent works of the two guests, allowing for branching discussions to other areas. The first two guests were Barry Jenkins (director of A24's Moonlight) and Greta Gerwig (director of A24's Lady Bird), who both discussed what it's like to make a movie about the place they grew up.[33] As of October 18, 2023, 38 episodes have been released.[34][35][36]

On March 26, 2018, co-founder John Hodges announced that he was exiting the company.[37] On November 15, 2018, A24 and Apple announced that they had entered into a multi-year partnership where A24 will produce a slate of original films for Apple. This was not a first-look deal, meaning that A24 can continue to produce and acquire films to release outside of the deal, and that it would not affect previous deals that A24 had signed with other companies. It is currently unknown if this slate of films will have a theatrical release or be exclusive to Apple's streaming service: Apple TV+.[38]

On November 13, 2019, A24 entered into a premium cable television broadcast deal with Showtime Networks, covering all film releases through November 1, 2022. The deal excludes films that are already part of the Apple partnership.[39]

2020s–present: Academy Awards triumph, further agreements, and expansion

In July 2021, A24 explored a possible buyout for between $2.5 billion to $3 billion.[40] In January 2022, former HBO and Amazon Studios TV executive Nick Hall joined A24 to oversee creative for the company's growing television slate.[41] In April 2022, the company released its membership "AAA24" for subscription; members' benefits include early access to merch drops, exclusive merch for members only, monthly merch discounts for members, and a zine every four months.[4]

In March 2023, A24 became the first independent studio to sweep Best Picture, Best Director, and all four acting categories in a single year at the 95th Academy Awards.[42][43][44] That same month, the company bought distribution rights to two older films released before the company's inception, starting with Darren Aronofsky's Pi (1998) and Jonathan Demme's Stop Making Sense (1984), both of which are remastered versions.[45][46][47][48]

In May 2023, Leonine Studios, a German independent film distributor, partnered with A24 to set up a joint label called "A24 | Leonine Studios", which will distribute films in Austria and Germany.[49] The next month, it was reported that former Disney General Entertainment Chairman Peter Rice signed a deal with A24 as an independent producer, agreeing to co-finance films for global distribution.[50]

In July 2023, amidst the SAG-AFTRA/WGA strikes, A24 was approved to continue filming and promotional activities since they do not have ties to the Alliance of Motion Picture and Television Producers (AMPTP).[51]

In October 2023, TheWrap's Umberto Gonzalez exclusively reported that A24 is planning to expand its "strategy from arthouse gems to more commercial films", including "action and big IP projects". According to one production executive from the company, A24 "took a beating on dramas, especially the ones they made," the top agent said. The production exec added that A24 would still acquire dramas, but would move away from making as many of them. "The auteur business is a lousy, high-risk business that does not attract potential buyers ... That's a big problem if you're looking to sell or seek additional investment," another top agent told TheWrap. This decision has been met with mixed responses from some journalists; Jordan Ruimy, creator/writer/editor-in-chief of the website World of Reel, wrote: "I just hope this isn't a total reversal of A24's indie production sector into full-on commercial movies. Hopefully, the broader strategy of acquiring good movies and platforming them is still intact."[52][53][54] That same month, A24 forged an exclusive output deal with "Happinet Phantom Studios" covering the distribution in Japan of A24's upcoming releases; this marks A24's first major international theatrical output deal. The companies will also build A24 brand awareness across the region, and deepen relationships with local talent and audiences off screen beyond film releases.[55]

In association with Prime Video and Fox Entertainment's Bento Box Entertainment, A24 will launch its first animated project: the adult musical comedy series Hazbin Hotel. The eight-episode first season is set to premiere in January 2024, with an exact date yet to be announced, on Prime Video; it has received a two-season order. The series, which has been long in the works, is based on series creator Vivienne Medrano's animated pilot released on YouTube in 2019. Hazbin Hotel follows Charlie Morningstar (voiced by Erika Henningsen), the princess of Hell, as she pursues her seemingly impossible goal of rehabilitating demons to peacefully reduce overpopulation in her kingdom. After a yearly extermination imposed by angels, she opens a hotel in the hopes that patrons will be "checking out" into Heaven.[56][57][58] At the 2023 New York Comic Con, the cast was unveiled and it was announced that fans will be able to get digital access to the first two episodes at "HazbinHotel.com" before they release on Prime Video, plus exclusive merchandise only available during this presale; early access episodes will also be available to stream for a limited time on the A24 App.[59]

Film library

A24 produces and distributes about 18 to 20 films annually.[18] It has also served as producer or distributor for several dozen television shows, including At Home with Amy Sedaris (2017–2020), Beef (2023), The Carmichael Show (2015–2017), Euphoria (2019–present), I'm Sorry (2017–2019), Irma Vep (2022), Mo (2022–present), Mr. Corman (2021), Ramy (2019–present), and Ziwe (2021–2022).[6]

Budgeted at $35 million, Beau Is Afraid (2023) is currently the most expensive feature film for A24, a feat likely made possible by the way director/writer Ari Aster's rising career has contributed to the company's success.[60] The film received generally positive reviews from critics, but was a box-office bomb, grossing only $11 million; TheWrap reported that the film took a $35 million loss.[61][62][63] Aster was disappointed by the film's reception and told Vanity Fair that the film found an "indifferent" audience instead of moviegoers fully engaged with his "divisive" film.[64]

Highest-grossing films

Everything Everywhere All at Once (2022) is currently A24's highest-grossing film and the first film of the company to cross the $100-million mark worldwide.[65]

Highest-grossing films in North America
RankTitleYearDomestic grossRef.
1 Everything Everywhere All at Once 2022 $77,191,785 [66]
2 Uncut Gems 2019 $50,022,787 [67]
3 Lady Bird 2017 $48,959,272 [68]
4 Talk to Me 2023 $48,299,434 [69]
5 Hereditary 2018 $44,069,456 [70]
6 Moonlight 2016 $27,855,933 [71]
7 Midsommar 2019 $27,424,363 [72]
8 Ex Machina 2015 $25,444,959 [73]
9 Priscilla 2023 $20,865,910 [74]
10 The Iron Claw 2023 $20,357,141 [75]
Highest-grossing films worldwide
RankTitleYearBox office grossRef.
1 Everything Everywhere All at Once 2022 $144,370,485 [66]
2 Talk to Me 2023 $92,039,205 [69]
3 Hereditary 2018 $82,850,595 [70]
4 Lady Bird 2017 $78,989,474 [68]
5 Moonlight 2016 $65,171,616 [71]
6 The Whale 2022 $54,883,205 [76]
7 Uncut Gems 2019 $50,022,787 [67]
8 Midsommar 2019 $48,060,188 [72]
9 The Witch 2016 $40,424,949 [77]
10 Ex Machina 2015 $37,393,626 [73]

Styles and themes

The company produces artistic, psychologically disturbing, and mind-bending horror films often referred to as "elevated horror".[14][78][79][80] Most of these films share a similar approach, including ambiguity, bleak atmosphere, disruptive formulas, outbursts of violence, psychological dilemmas, and realistic character drama; these include Hereditary (2018), It Comes at Night (2017), The Killing of a Sacred Deer (2017), Men (2022), Under the Skin (2013), and The Witch (2015).[81]

Ari Aster (left) and Robert Eggers (right)

Auteur filmmakers Ari Aster—writer-director of Hereditary (2018), Midsommar (2019), and Beau Is Afraid (2023)—and Robert Eggers—writer-director of The Witch (2015) and The Lighthouse (2019)—are both notable for their contribution to and influence on modern horror, and partial reinvention and redefining of the genre.[9][82][83][84][85][86] Their films have dealt with and share a lot of similarities in some way, including folklore or supernatural forces. Even with their strong similarities, there are differences as well; all three of Eggers' films are period pieces while Aster's all take place in modern times. Aster also seems to take conventional horror and put his own modern spin on it to inspire some genuinely uncomfortable fear in viewers while Eggers takes conventional horror and throws it out the window to transport viewers to another world with his dialogue and cinematography.[9][87][88] Both have been cited as two of the top horror directors of the 2010s while their films have received widespread critical acclaim and deemed as some of the best horror films of the 2010s.[89][90][91]

In 2023, Martin Scorsese described Aster as "one of the most extraordinary new voices in world cinema".[92] Furthermore, in an interview with The Irish Times in October 2023, Scorsese revealed that Aster's films helped to inspire the tempo of his own film Killers of the Flower Moon (2023), adding that timing is crucial for a film that's three-and-a-half hours long, stating: "I very much like the style and pacing of good horror films like Ari Aster's Midsommar or Beau Is Afraid. The pacing of those films goes back to the B films of Val Lewton, Jacques Tourneur's Cat People or I Walked with a Zombie. Just going a little slower, a little quieter." Scorsese again name checked Aster in another interview that same month, this time with Spanish outlet SER, saying: "I think the rhythm of good horror movies, such as those of Ari Aster, Beau Is Afraid or Midsommar, is here ... It has to do with the fact that they allow me to make the pace calmer."[93][94][95]

Accolades

As of the 95th Academy Awards, A24 has received a total of 49 Academy Award nominations, winning 16 overall.[43]

Additionally, A24 has been nominated and won numerous British Academy Film Awards, Critics' Choice Awards, Golden Globe Awards, Independent Spirit Awards, and Screen Actors Guild Awards.[100][101][102]

Reception

"A24 is a business whose aspirations are unlimited," said one high-level Hollywood executive. "They're not trying to become Focus [Features]. They want to become a big media company."[103]

Filmmaker David Lowery (director of A24's A Ghost Story and The Green Knight) praised A24, saying: "The great thing about A24 is that they're always up for a challenge. They remain undaunted; they'll take the most difficult, unsaleable aspect of your movie and turn it into its greatest asset." Fellow filmmaker James Ponsoldt (director of A24's The End of the Tour and The Spectacular Now) also applauded the company, saying: "A24 is remarkable at championing specific cinematic voices because they genuinely adore their films — and that enthusiasm is reflected in the creativity and laser-like precision of their marketing and releases."[13]

Many of the performances in A24 films have received widespread critical acclaim, with many critics and reviewers describing these actor/actress' performances as some of the best of their career.[104] Such performances include: Mahershala Ali's in Moonlight (2016),[105] Awkwafina's in The Farewell (2019),[106] Toni Collette's in Hereditary (2018),[107] Brendan Fraser's in The Whale (2022),[108] Mia Goth's in Pearl (2022) and X (2022),[109] Tom Hardy's in Locke (2013),[110] Brie Larson's in Room (2015),[111] Robert Pattinson's in Good Time (2017) and The Lighthouse (2019),[112] Joaquin Phoenix's in Beau Is Afraid (2023) and C'mon C'mon (2021),[113][114] Florence Pugh's in Midsommar (2019),[115] Saoirse Ronan's in Lady Bird (2017),[116] Adam Sandler's in Uncut Gems (2019),[117] Anya Taylor-Joy's in The Witch (2015),[118] Alicia Vikander's in Ex Machina (2014),[119] and Michelle Yeoh's in Everything Everywhere All at Once (2022).[120]

References

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