An Open Letter to Byron Allen, Indie Film’s Newest Savior: Please Slow Down, Before You Hurt Yourself

An Open Letter to Byron Allen, Indie Film’s Newest Savior: Please Slow Down, Before You Hurt Yourself
The surprise success of shark movie “47 Meters Down” may be the best thing that ever happened to Byron Allen — or, the worst. His Entertainment Studios bought the title moments before Dimension Films shipped the inventory for its DVD premiere, and — with the help of some $30 million in P&A — it made $43 million at the box office this summer.

Now, Allen has spent the last month on a spending spree. Most recently, it’s “Hostiles,” Scott Cooper’s $50 million-budgeted Western starring Christian Bale that premiered at Toronto. The purchase price is unknown, but he’s reportedly committed to an Oscar-qualifying December release and about $15 million in P&A. That’s in addition to “Chappaquiddick,” another Toronto-Oscar title ($4 million acquisition, $16 million P&A) and Keanu Reeves’ sci-fi thriller “Replicas,” which cost $4 million for North America and is not an Oscar title, but comes with the promise of a wide release.

For the struggling indie film market,
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