FilmNation Entertainment Hits 15th Anniversary With Bustling AFM Slate & Growth Ambitions Under Glen Basner
02.11.2023 - 20:27
/ deadline.com
EXCLUSIVE: As the FilmNation Entertainment team gathered in Santa Monica this week for AFM, some reflection is in order. It has been 15 years since Glen Basner peeled off from Good Machine to start the venture. Despite the hardships facing everyone in the market with strikes and uncertainty, what a different a decade and a half makes. The launch happened in 2008, not the most fortuitous time to launch an indie film finance and production company with global ambitions.
“Back then, Summit and Mandate were the two top companies in the space,” Basner recalled when assessing the opportunity to launch a company back then. “Mandate was sold to Lionsgate and became a U.S. distributor, and Summit started their own U.S. distribution company. There was a hole in the marketplace we thought we could fill, and become that leading American international sales agent for feature films that had no connection to the U.S. distribution world. The idea made sense, but looking back, we started in September of 2008, and FilmNation was literally born into the biggest global financial crisis in a hundred years. Since then, we’ve survived the biggest healthcare crisis in 100 years and now through two different guild strikes.”
The strikes and the general shifts in film have made some wary, but Basner said he and his long-tenured FilmNation team are growing in leaps and bounds.
“I’m always a combination of being extraordinarily optimistic and extraordinarily fearful at the same time,” he told Deadline. “I think it’s that balance, that anxiety, that always drives us to look at things differently. I have never lost my faith in the fact that people all around the world love feature films. Now there are so many different ways for people to be
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