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This is good for indie filmmakers, Amazon and Netflix are making it rain
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It was the independent film equivalent of a crack of thunder.
After its Sundance premiere on Saturday, “Manchester by the Sea,” a buzzy drama starring Casey Affleck as a handyman coping with family strife, sold not to a traditional studio distributor but to a streaming service. Amazon paid a hefty $10 million for the movie, beating out the likes of Fox and Universal.
After years of dipping their toes into the Sundance water — picking up a documentary here, making an unsuccessful bid for a narrative film there — the big streaming services this time around are driving the deal-making. Halfway through the 11-day festival, which started on Thursday, Amazon had bought four films. Netflix had snapped up three and was chasing several more. Most traditional distributors had yet to buy anything.

In addition to buying “Tallulah,” which stars Ellen Page and Allison Janney, Netflix paid $7 million for the global streaming rights to “The Fundamentals of Caring,” a Sundance road movie starring Paul Rudd, Craig Roberts and Selena Gomez. Other Netflix purchases include “Under the Shadow,” a horror movie set in Iran.
This is good for indie filmmakers, Amazon and Netflix are making it rain
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Netflix bought global streaming rights for its films, while theatrical and distribution are still available - the big 6 aren't happy about that.
Amazon bought streaming and theatrical rights.