Having a Sundance Hit May Not Make You Rich Anymore
PARK CITY, Utah — Even in the streaming and video-on-demand age, independent films are still judged by their performance at the box office. And by that measure, fewer and fewer are crossing into the mainstream.
More than 1,100 movies have had their premieres at the Sundance Film Festival over the past decade, but only one has managed to cross the $40 million mark at domestic theaters. “Precious: Based on the Novel ‘Push’ by Sapphire” took in about $53 million in 2009, after adjusting for inflation.
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