Hollywood’s Sundance Spending Spree This Year Faces a Box Office Reckoning

”Frankly, it’s been a bad year,“ Magnolia Pictures President Eamonn Bowles says

At least four of the buzziest films at 2019’s Sundance Film Festival were acquired for anywhere between $13 million and $15 million. That’s a hefty pricetag for a crop of films that at most hope to do modest business at the indie box office.

Two of those, Amazon Studios’ “Late Night” and Warner Bros.’ “Blinded by the Light,” have hit already theaters, underperforming to expectations based on their festival price tags and the conversation that followed them out of Park City.

Become a member to read more.

Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams