What A24’s Whopping $2.5 Billion Valuation Says About the Indie Darling – and the Movie Business

A $225 million investment ”signals that the film business is back in the eyes of investors,“ one prominent entertainment attorney says

Even in Hollywood, $225 million — the amount of indie production and distribution company A24’s first-ever equity investment — is a big chunk of change. In fact, you could make yourself a big movie like 2020’s “Tenet” for a mere $200 million.

However, industry watchers seem to have their eye on a a much bigger dollar figure that was sneaked into last week’s announcement of the new investment in the 10-year-old indie studio A24, whose art-house hits include Oscar winners like “Moonlight” and “Minari” as well as “Hereditary” and “Uncut Gems.”

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Diane Haithman

Diane Haithman

Senior Entertainment Business Reporter • diane@thewrap.com • @dhaithman