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“If we begin to accept this idea we’d go out of business,” Sun executive director Ricardo Costianovsky told THR. Sun Distribution Group, which bought “CODA” for Latin America, was nonplussed by the Apple buy. New Movies: Release Calendar for February 17, Plus Where to Watch the Latest Films Oscars 2023: Best Visual Effects Predictions Those international distributors participated in a bedrock strategy of independent film: Take the risk up front for the potential reward of a hit title.ĭisabled Audiences Knew 'CODA' Wouldn't Change Things - Even After Its Best Picture Winīrian Tyree Henry Tells Troy Kotsur About the Biggest Role of His Career in 'Causeway' - Watch Many Sundance films come to the festival with all rights available - indie films can be a tough sell overseas as well - but “CODA” is the remake of an award-winning 2014 French film, “La Famille Bélier.” Financing on “CODA” came from French companies Vendôme Group, Pathé, and Patrick Wachsberger’s Picture Perfect Entertainment, but territory presales on “CODA” were crucial in getting the $10 million film made without a US distributor.

Nordisk Film, which pre-bought the rights nearly two years ago, confirmed to IndieWire that the company still plans to release the film in the Nordics. When Apple bought worldwide rights to Sian Heder’s “CODA” for $25 million January 30, the financiers planned to make buyback deals with those rights holders. The “CODA” angst belongs to a much larger question: How can Apple hold all worldwide rights to a film that’s already sold to territories all over the world? The fear isn’t that streamers’ deep pockets will make it impossible for others to compete, although that’s certainly a possibility.

The record-breaking Apple Studios acquisition of “ CODA” is still creating anxiety weeks after the Sundance Film Festival ended.