Cinetic Has 40 Completed Films, Hoping to Drive Up Price for Content-Starved Studios

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Cinetic Has 40 Completed Films, Hoping to Drive Up Price for Content-Starved Studios

by Beatrice Verhoeven | September 23, 2020 @ 12:55 PM

TheGrill 2020: ”I think if this extends out — and it will — then you have to assume that if you have quality content, you will be in a good position,“ Cinetic Media’s John Sloss says

Longtime indie film sales agent John Sloss, Cinetic Media’s CEO, is gambling that distributors will be so starved for quality content given the pandemic-fueled shutdown of film production that he will have the upper hand in sales negotiations with a host of completed films that are ready to fill the distribution pipeline.

“I’ve got about 40 films that we have not taken to the market, and it was very intentional, and basically we did the mathematical or logical calculation that if Netflix has a content budget in 2020 of $19 billion and there are five or six platforms chasing them and then production seizes for a year, something would have to give,” Sloss told TheWrap’s Sharon Waxman on Wednesday at TheGrill media conference during a producers roundtable, presented by NFP and Lifetime.

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“It’s sad that the theatrical distributors are going through a hard time but if you put that aside and think about the content suppliers and the platforms, you would think that the leverage would shift and become a sellers market,” he explained on his strategy to give filmmakers (and their agents) additional leverage in negotiations with distributors.

So far, though, his strategy hasn’t paid off. “In our experience, that hasn’t happened yet,” Sloss said.
“I think if this extends out — and it will — because production as it begins is still a fraction off what it was, then you have to assume that if you have quality content, you will be in a good position.”

Also Read: Why Indie Film Producers Say Coronavirus Isolation Is Sparking More Creativity | Webinar

Sloss’ Cinetic Media is a talent management, content sales and strategic advisory company in the media and entertainment industries. The company’s credits include “Green Book,” “Moonlight,” “Boyhood, “Knock Down the House,” “A Private War,” “Miss Americana” and “Parasite,” among many more.

But even when companies can head back into production, Sloss said, the real issue may shift to the exhibition side if there’s a stockpile of completed films and theaters continue to stay closed or remain at limited capacity.

“This is finally going to accelerate the collapse of the windows,” he said, suggesting the the pandemic may accelerate the move to shrink the time between when movies open in theaters and premiere on digital or streaming platforms. “If theaters are going to come back — and hopefully they will and hopefully we will band together to get them back — I think the quid pro quo will be the idea of films to be flexible and to shift quickly to platforms.”

Also Read: Kara Swisher, Ben Smith and Cheo Hodari Coker on How the Coronavirus 'Accelerated' Changes in Media (Video)

For over a decade, TheWrap’s Grill event series has led conversations on the convergence between entertainment, media and technology, bringing together newsmakers to debate the challenges and opportunities facing content in the digital age.

TheWrap has created a digital-first experience for TheGrill 2020. This year’s event will focus on the future of theatrical, streaming revolution, building inclusion from within and the growth in podcasting and gaming. Attendees will have access to keynotes, panel conversations, roundtable discussions and virtual networking.

TheGrill 2019 Speaker Portraits, From Pamela Adlon to Ryan Kavanaugh (Photos)

Actress-show creator Pamela Adlon ("Better Things"), TheWrap founder Sharon Waxman, actor Tony Hale ("Veep")

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Actors Pamela Adlon and Tony Hale

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Actor Tony Hale, "Veep"

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Creator and actor Pamela Adlon, "Better Things"

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Actor Anthony Carrigan, "Barry"

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Ryan Kavanaugh, CEO and founder of Proxima Media

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Brie Miranda Bryant, SVP of unscripted development and programming at Lifetime

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Director Jimmy Chin, "Free Solo"

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Actress Sydney Park, "Pretty Little Liars: The Perfectionists"

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Sarah Harden, CEO of Hello Sunshine

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Adam Lewinson, chief content officer, Tubi

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Amy Emmerich, President North America and chief content officer, Refinery 29

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Stephanie Allain, producer

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Bruce Perlmutter, senior vice president of production, Condé Nast Entertainment

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Dave Rubin, host of "The Rubin Report"

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David Reichert, director of photography, "Hostile Planet"

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Sharon Waxman, CEO and Editor in Chief of TheWrap

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Producer Nina Yang Bongiovi, "Sorry to Bother You"

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Jason Rapp, co-founder and partner, Whisper Advisors

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Raina Kumra, CEO of Juggernaut

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Jeff Berman, co-founder, Magnet Companies

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Luis Medina, Rooster Teeth Productions

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Jeff Shultz, Pluto TV

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Benji Lanpher, cinematographer, "Life Before Zero"

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