AFM: Download THR's Day 3 Daily
The election's market effect, 'Hacksaw Ridge's' global hopes and XYZ Films' co-founder chat.
The Hollywood Reporter has released its third American Film Market daily issue, which features an analysis of the election's market effect, a look at Hacksaw Ridge's global hopes and a chat with the co-founders of XYZ Films.
Election's Market Effect?
Politics has infested AFM with international buyers and sellers discussing the impact next week’s historic vote will have on the business — and the world. "They’re worried about what could happen to the value of the dollar," one exec tells THR. Ironically, for international buyers, the vast majority of which are pro-Clinton and anti-Trump, a victory for The Donald could be a boost to business. A weak U.S. dollar would act like a subsidy on acquisitions for companies paying in euros, pounds, the yen or the yuan. But if a Trump triumph triggers a global anti-American backlash, the USA brand, a big part of what many companies at AFM are selling with its films, could suffer.
High Hopes for Hacksaw
With several big-budget misfires in the independent space this year, international distributors are looking to the release of Mel Gibson’s Hacksaw Ridge, which bows in the U.S. this weekend, with a mixture of hope and trepidation. The Andrew Garfield starrer, which Lionsgate is releasing domestically, is projected to open in the $12 million to $15 million range from 2,800-plus locations. Given that the drama only cost about $40 million, that sort of bow might be enough to satisfy international buyers.
Inside XYZ Films
Nate Bolotin, Nick Spicer and Aram Tertzakian launched their own production and sales banner when they were all just 25 years old, and at this year's AFM, they're selling Baltasar Kormakur’s thriller The Oath and Anders Walter’s graphic-novel adaptation I Kill Giants, starring Zoe Saldana and Imogen Poots. Plus, they’re reteaming with Gareth Edwards on his latest pic, Apostle, which will star Dan Stevens. The trio tell THR about the benefits of Netflix, "ignorance" and nontraditional hires.