Jaraa'idJaraa'id
Notification Show More
Latest News
Rahul Gandhi barred from India’s parliament following conviction over Modi remarks
Business
‘A big surprise’ – Germany stunned by Bayern Munich sacking Julian Nagelsmann and hiring Thomas Tuchel reports
Sports
America’s online privacy problems are much bigger than TikTok
United States
Chad says it has nationalised all assets owned by Exxon Mobil
Africa
Hong Kong fire forces 3,400 people to evacuate
Asia
Aa
  • Home
  • Local News
  • Africa
  • United States
  • Europe
  • Asia
  • Sports
  • Videos
  • Live Score
  • More
    • Business
    • Market Data
      • Stocks
      • Commodities
      • Cryptocurrency
      • Forex
    • Weather
Reading: Studio A24 captures Oscar spotlight with big wins for best picture, acting
Share
Aa
Jaraa'idJaraa'id
  • Somalia
  • Africa
  • United States
  • Europe
  • Asia
  • Business
  • Sports
  • Videos
Search
  • Home
  • Local News
  • Videos
  • World
    • Africa
    • United States
    • Europe
    • Asia
  • Market Data
    • Stocks
    • Commodities
    • Cryptocurrency
    • Forex
  • More
    • Sports
    • Business
    • Weather
    • Live Score
Have an existing account? Sign In
Follow US
Jaraa'id > United States > Studio A24 captures Oscar spotlight with big wins for best picture, acting
United States

Studio A24 captures Oscar spotlight with big wins for best picture, acting

News Room
Last updated: 2023/03/13 at 2:43 PM
News Room Published March 13, 2023
Share
SHARE

LOS ANGELES, March 13 (Reuters) – Independent studio A24 was the big winner at Sunday’s Academy Awards, taking nine awards out of its 18 nominations, including best picture and all four acting prizes.

The studio’s “Everything Everywhere All at Once” won seven Oscars, the most of the evening, including best picture.

The science-fiction film also took three of the four acting awards. Michelle Yeoh was named best actress, while Ke Huy Quan and Jamie Lee Curtis took the supporting awards.

It was only the third film in Oscar history to win three of the four acting awards, following 1951’s “A Streetcar Named Desire” and 1976’s “Network.” No film has ever won all four acting prizes.

However, Brendan Fraser took the best actor prize for A24’s “The Whale,” which also won for best makeup and hairstyling.

Not since the heyday of Miramax in the 1990s has an independent studio garnered such attention, talent and box office success, entertainment industry insiders say.

At a time when major Hollywood studios have taken refuge in the familiar, releasing sequels and rehashing old ideas, A24 is cementing a reputation for taking risks on original projects that other studios pass on — including the frenetic, chaotic “Everything Everywhere All at Once,” which is its highest-grossing movie at $107.4 million globally.

“In this moment, they are not only the leading indie company, but they also have created a brand that probably resonates more with its customers than any other independent ever – more than Miramax,” said Picturehouse CEO Bob Berney, a well-regarded executive in the world of independent film. “Their biggest achievement is that they’ve created a super-cool brand that has a following.”

This year, A24 will build on that momentum and lift its film, television and documentary production by 30%, according to a source familiar with the matter, riding the wave of industry acclaim and its 2022 box office success.

Forthcoming releases this year include the love story “Past Lives,” which screened to a rapturous critical reception at the Berlin film festival; the dark comedy series “Beef” for Netflix (NFLX.O), in which Ali Wong and Steven Yeun portray two strangers whose lives collide in a road-rage episode; and the Steph Curry documentary “Underrated” for Apple TV+.

“It’s very much a dream studio, because they make movies that feel so auteur-focused,” said playwright and “Past Lives” director Celine Song, who said that the studio enables first-time directors like herself to “speak in their own voice.”

The New York-based company founded by three film executives — Daniel Katz, David Fenkel and John Hodges, who has since departed — got its start in 2012 distributing such films as “Spring Breakers.” Some of its box office success has come from the horror genre, with such critically acclaimed films as “Hereditary” and “Midsommar.” It earned a reputation as a Hollywood tastemaker with such director-driven projects as “Lady Bird,” “Moonlight” and “Uncut Gems.”

This year, A24’s 18 Academy Award nominations were across six films, ranking second only to the giant Walt Disney Co. (DIS.N). It collected its first nods for best animated feature, “Marcel the Shell With Shoes On;” best foreign film, “Close;” and outstanding makeup and hairstyling, “The Whale.” Eight performers in A24 films received first-time acting nominations including Yeoh, Quan, Curtis and Fraser.

EVERYTHING EVERYWHERE

The first film A24 produced and financed, together with Brad Pitt’s Plan B Entertainment, was “Moonlight,” which won the Oscar for best picture in 2017. The studio has garnered 53 Oscar nominations in less than a decade, including best picture nods for “Lady Bird, “Minari” and “Room.”

A24’s film slate has grown at the pace of its cash flow – starting with three movies in 2016 to 15 in 2022. Midway through the global lockdown, it resumed movie making using its in-house production capabilities. This year, it’s on track to produce about 15 films for theatrical release, eight documentaries and 10 television shows.

The studio’s frugal use of capital — A24’s film budgets range from $5 million to $50 million — give it the flexibility to take more creative swings, according to the source close to the studio.

“They are willing to take risks and take chances on filmmakers and on stories that other people might not be,” said Claudette Godfrey, vice president of film and television for the SXSW festival. “I think that is what makes it interesting and I think that’s why we ended up kind of aligning with them.”

The studio, which now employs 200 people working in New York, Los Angeles and London, eschews traditional movie marketing campaigns in favor of digital promotions, like the rubber “hot dog fingers” and googly eyes from “Everything Everywhere All at Once” that took TikTok by storm.

A24’s financial success at the box office has allowed it to expand its creative portfolio.

About nine years ago, it began producing television shows in addition to films, winning critical praise for Hulu’s “Ramy,” a comedy series centered around a first-generation American Muslim, and HBO’s Emmy-winning drama series “Euphoria.”

The studio is developing shows for several streaming services and television networks, including a pair of HBO series: “The Sympathizer,” a $100 million television adaptation of Viet Thanh Nguyen’s Pulitzer Prize-winning novel starring Robert Downey Jr., and “The Idol” from the creators of “Euphoria” and The Weeknd.

It’s also developing “Sunny,” a thriller for Apple TV+ starring Rashida Jones and Hidetoshi Nishijima.

The global reach of the streaming platforms, together with an infusion of $225 million from investors including Stripes and Neuberger Berman, on behalf of client funds, serve to fan A24’s ambitions, as it ramps up production and expands into new genres.

“A24 has over time developed a well-earned reputation as a powerful force in the world of independent cinema,” said Comscore senior media analyst Paul Dergarabedian, “whose name has come to represent quality awards-caliber filmed entertainment and now ranks among the most influential and respected purveyors of quality cinema with both filmmakers and audiences.”

Reporting by Dawn Chmielewski and Mark Porter; Editing by Kenneth Li and Mark Porter

Our Standards: The Thomson Reuters Trust Principles.

Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room March 13, 2023
Share this Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News
Business

Rahul Gandhi barred from India’s parliament following conviction over Modi remarks

News Room News Room March 24, 2023
‘A big surprise’ – Germany stunned by Bayern Munich sacking Julian Nagelsmann and hiring Thomas Tuchel reports
America’s online privacy problems are much bigger than TikTok
Chad says it has nationalised all assets owned by Exxon Mobil
Hong Kong fire forces 3,400 people to evacuate
COVID pandemic erased gains in early autism identification -US report
Gemfields full-year profit rises 2% on record ruby, emerald sales
France postpones King Charles’s state visit as pension protests intensify
- Advertisement -
Ad imageAd image

You Might also Like

United States

America’s online privacy problems are much bigger than TikTok

March 24, 2023
United States

COVID pandemic erased gains in early autism identification -US report

March 24, 2023
United States

Trump warns of ‘potential death & destruction’ if he is charged in hush-money case

March 24, 2023
United States

Trial witness against Theranos’ Elizabeth Holmes sues Disney, Hulu over miniseries

March 24, 2023
  • Somalia
  • Africa
  • United States
  • Europe
  • Asia
  • Cryptocurrency
  • Forex
  • Stock Market

About US

Jaraa'id is your one-stop website for the latest global and local news and updates, follow us now to get the news that matters to you.
Quick Link
  • Privacy Policy
  • Terms of use
  • Press ReleaseSubmit
  • Advertise
  • Contact
Top Sections
  • Business
  • Sports
  • Videos
  • Market DataLive
  • Weather

Subscribe US

Subscribe to our newsletter to get our Latest articles instantly!

I have read and agree to the terms & conditions

2023 © Jaraa'id. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?