Hi ,
While everyone else is discussing the Smith/Rock incident, let's talk about CODA and what it means for indie film and streaming.
About CODA
"Seventeen-year-old Ruby (Emilia Jones) is the sole hearing member of a deaf family – a CODA, child of deaf adults. Her life revolves around acting as interpreter for her parents (Marlee Matlin, Troy Kotsur) and working on the family's struggling fishing boat every day before school with her father and older brother (Daniel Durant). But when Ruby joins her high school’s choir club, she discovers a gift for singing and soon finds herself drawn to her duet partner Miles (Ferdia Walsh-Peelo).
Encouraged by her enthusiastic, tough-love choirmaster (Eugenio Derbez) to apply to a prestigious music school, Ruby finds herself torn between the obligations she feels to her family and the pursuit of her own dreams."
CODA Financing
CODA was independently financed and produced on a reported $10M budget, sold to Apple at Sundance for $25M. Here's the significance:
- It is the first time a Sundance premiere has won the Oscar for best picture in the festival’s four-decade history.
- Apple is now the first streaming service to win a Best Picture Oscar.
- CODA is also the 15th Indie Film to win the Oscar in the last 16 years.
Indie Film is BOOMING and showing no signs of slowing down.
Director Sian Heder said, “This is a huge moment for independent film. When we went into Sundance, we had no distributor. I just went into Sundance thinking, ‘I hope somebody buys this movie’ and we just won Best Picture. This is the stuff dreams are made of, it’s really been amazing. Yes, to women out there, to indie filmmakers out there, to anybody who’s fighting to tell a story, this is a beautiful moment.”
Producer Philippe Rousselet, who made the original 2014 French Film, Patrick Wachsberger and the French firm Pathé and Rousselet’s Vendome Pictures all financed the film.
Source: Indiewire
Is it time for you to make your film? We laid it all out for you, exactly how the financing came together and what it means for indie film. We love learning from others' success!
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