A breakthrough for independent films.

In 2022, this film franchise grossed $811.7 million in North America and $1.26 billion globally.

Low cost, high profit.

Of course, it's difficult to compare the revenue of independent films with the "huge" revenues of blockbusters, but in terms of profit margin, independent films are clearly attractive because of their low investment costs but the potential to generate revenue that is double, triple, or even 10-20 times the production cost.

Sophie Wilde (as Mia) in the film Talk to Me

For example, the horror film Talk to Me, made with a budget of only $4.5 million, grossed $92 million. The teen comedy Bottoms earned nearly $13 million in revenue while costing only $1.3 million to produce. Sound of Freedom earned $250 million worldwide with an investment of $14.5 million.

Scene from the movie Godzilla Minus One

Godzilla Minus One, directed by Japanese filmmaker Takashi Yamazaki and distributed by Toho, was also a big success, grossing $87 million against a production budget of $15 million. Focus Features had a strong year with Wes Anderson's Asteroid City (grossing $54 million against a production cost of $25 million). The Holdovers , directed by Alexander Payne and starring Paul Giamatti, grossed nearly $20 million with a production cost less than half that amount.

Sound of Freedom grossed $250 million while its production budget was only $14.5 million.

Independent film distributors such as Magnolia Pictures, IFC Films, Utopia, Oscillograph, Kino Lorber, Roadside Points, Greenwich Entertainment, A24, Picturehouse, Crunchyroll, Well Go USA, Blue Fox, Toho, Neon, Angel Studios… have all had successful releases in theaters.

"The strong resurgence of independent films in 2023 really generated buzz, not just at the box office but also in terms of creativity, critical acclaim, and strong box office performance," Paul Dergarabedian, senior media analyst at Comscore, told Deadline Magazine .

The decline in audience interest in superhero films has also contributed to the resurgence of independent films. In 2023, corporations like Disney and Warner Bros. suffered box office failures due to producing unappealing superhero movies such as Shazam! Fury of the Gods ($125 million production, $133 million gross; approximately $58 million loss after 50% was split with theaters), The Flash ($220 million production, $270 million gross; $85 million loss), The Marvels ($220 million production, $205 million gross; $118 million loss), Aquaman and the Lost Kingdom ($215 million production, $275 million gross)...

Even blockbuster films with huge budgets have suffered losses: Indiana Jones and the Dial of Destiny (lost $17 million) and Mission: Impossible - Dead Reckoning Part One (lost $20 million) have contributed to increased producer interest in independent films.

Huy Khánh (left) and Quốc Cường in the film "Flip Face 6: The Fateful Ticket".

"This is an interesting time when Marvel and DC superhero films are getting less attention. Hopefully, that will create a new direction for more independent films with more unique storytelling," said Kyle Greenberg, Chief Marketing Officer of Utopia, a film distribution company.

5 Vietnamese films grossed over 100 billion VND in 2023.

The highest-grossing film was "Mrs. Nu's House" with 475 billion VND, followed by "Flip Face 6: The Fateful Ticket" (273 billion VND), "Southern Forest Land" (140 billion VND), "Super Swindler Meets Super Fool" (122 billion VND), and "Sister Sister 2" (121 billion VND).

Independent films by female directors are on the rise.

A report by Indie Women , which analyzes films screened at various film festivals in the US, shows that independent female directors have reached a new milestone. For the first time, many festivals are screening an equal number of films directed by women and men.

The study was conducted by Dr. Martha Lauzen, Executive Director of the Center for Women in Television and Film at the University of San Diego (USA). "Independent films directed by women continue to make progress at prestigious film festivals in the US, where their films are better promoted than in previous years," Dr. Martha Lauzen noted. Celine Song's * Past Lives * and Nicole Holofcener's * You Hurt My Feelings * premiered at the 2023 Sundance Film Festival. Charlotte Well's * Aftersun * screened at the 2022 New York Film Festival. Emma Seligman's * Bottoms * and Adele Lim's *Joy Ride* debuted at the annual interactive media and film event, SXSW, in 2023...

Independent films (often called indie films) are a genre of films produced on a low budget, often relying on private investors, sponsors, or crowdfunding campaigns.

One of the defining characteristics of independent films is creative freedom and a unique and unconventional storytelling style. Independent filmmakers can choose to release their films in theaters, at film festivals, or on digital platforms to reach their target audience.

Many renowned filmmakers began their careers with independent films, using them as a platform to showcase their talent and unique perspectives.

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