How Netflix and Amazon are Transforming Sundance
After this year’s Sundance Film Festival, it became evident how tech giants like Amazon and Netflix could completely change the industry of filmmaking. Both companies poured a combined $30 million into picking up films from the festival for their streaming services—significantly more than traditional distributors were willing to dish out. And because these multi-billion dollar companies have stockpiles of cash sitting in the bank, their purchases don’t necessarily need to be wildly successful. Visit Vanity Fair to learn more how the streaming behemoths are transforming Sundance.
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