US Buyers at the Toronto International Film Festival
US buyers continue to circle the acquisition titles at the Toronto International Film Festival (TIFF), which has delivered a number of low-key deals until the second half of the event. As the festival reaches its one-week mark, many buyers have likely returned to Los Angeles or New York, focusing on negotiations for the most promising films.
Recent Deals and Trends
Some notable deals have been made, including the acquisition of North American rights to Gus van Sant’s film, which received its North American premiere at TIFF after debuting in Venice. Additionally, Schwarzbär’s young US sales department has decided to finance, produce, and sell a film titled Christy. However, despite these deals, the overall pace of acquisitions has been slow, with many buyers adopting a cautious approach.
Challenges in the Film Industry
Sources suggest that the lack of must-have titles in the TIFF selection has contributed to the slow pace of deals. Others indicate that the lack of urgency among buyers is a result of the ongoing COVID-19 pandemic, which has led to a more careful approach to film acquisitions. Furthermore, the reality of the pandemic has made it more challenging for buyers to determine how to release films in North America, with many opting for lowball offers for theater releases.
Popular Films at the Festival
Several films have generated interest among buyers, including Mona Fastvold’s The Will of Ann Lee, which is expected to find a home soon. Other popular films include Kent Jones’ Late Fame, Steven Soderbergh’s The Christophen, Alice Winocour’s Couture, and Bobby Farrelly’s Driver Ed. These films have attracted attention from buyers, and it is likely that further sales will be announced in the coming days.
Buyer Strategies
Dylan Leiner from Sony Pictures Classics commented on the company’s approach to film acquisitions, stating that they invest in films as part of their core business. Leiner also expressed frustration with the trading press’s focus on transactions at festivals and markets. Sony Pictures Classics has a busy slate of eight films at TIFF, including potential awards contenders like Rebecca Zlotowski’s A Private Life and Richard Linklater’s Blue Moon.
Outlook for Future Sales
While the pace of acquisitions has been slow, sources predict that further sales will be announced in the coming days. However, the schedule for potential 2026 releases may take weeks to finalize. As the festival comes to a close, buyers will continue to negotiate and acquire films, shaping the future of the film industry.
