DirectTV Signs Movie-Financing Deal With A24

The satellite TV operator has signed a $40 million deal with independent film studio A24 Inc. to help finance new movies. In return, DirecTV gets exclusive rights to air the indie films on-demand for 30 days before they hit theaters.

Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

DAVID GREENE, HOST:

NPR's business news begins with a new name in Hollywood.

(SOUNDBITE OF MUSIC)

GREENE: Satellite TV operator DirecTV has signed a $40 million deal with independent film studio A24 Inc. to help finance new movies. In return, DirecTV gets exclusive rights to air the indie films on-demand for 30 days before they hit theaters.

A24's biggest hit to date is the James Franco film "Spring Breakers," which made over $14 million domestically. The catch though, major theater chains, like Regal and AMC, will not show films that have previously released as video on-demand.

Copyright © 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.