AFC, The American Film Convention, Inc.'s inaugural film
industry event, is breaking new ground this October with the
world's first-ever live feature film auction, offering filmmakers
the rare opportunity to sell their films in real-time, live
negotiations with top-tier industry buyers.
LOS ANGELES, Sept. 13, 2024 /PRNewswire-PRWeb/ -- The American
Film Convention, Inc.'s inaugural eponymous film industry event—The
American Film Convention (AFC) is breaking new ground this October
with the world's first-ever live feature film auction, offering
filmmakers the rare opportunity to sell their films in real-time,
live negotiations with top-tier industry buyers. Taking place from
October 15-17, 2024, at the Magic Box
in Downtown Los Angeles, the AFC
will showcase both feature films and short films through its
exclusive auction and curated screenings.
"Our goal is to break new ground in the
film market category. The auction and market screenings of features
and shorts offers filmmakers more ways to get their projects in
front of buyers. Join usus in fostering a brighter, more dynamic
future for filmed entertainment."
"The auction is akin to a script or book marketplace, but for
feature films: a curated selection of the top unreleased features
available for distribution," Sarah Avilés, AFC's Submissions
Programmer.
In addition to the auction and traditional Market Screenings for
unreleased feature films, the AFC is proud to announce the
invite-only Short Film Pavilion, a dedicated platform highlighting
hand-selected short films from promising filmmakers. This
initiative will give short filmmakers enhanced visibility and
direct exposure to producers, buyers, and distributors in
attendance at AFC to take their careers to the next level.
The AFC Auction is a dynamic new way to secure distribution
deals. The auction provides a unique, fast-paced environment where
filmmakers can set minimum selling prices and negotiate terms,
including back-end earnings, directly with buyers. This process,
typically taking weeks or months, will be condensed into just
minutes, with in-house legal counsel available on-site to assist in
striking deals that benefit both parties. Filmmakers also retain
the right of refusal, ensuring full control over their film's
future.
Other key features of the AFC Auction include:
- Minimum Selling Price: Filmmakers set the price of the opening
bid for their film.
- Live Negotiations: Buyers bid on North American rights with
real-time negotiations for better minimum guarantees (MG's) and
other contract terms.
- In-House Legal Support: On-site legal counsel will assist
buyers in finalizing agreements, ensuring that filmmakers get the
best possible deal.
- Right of Refusal: Filmmakers can walk away if the offer doesn't
meet their expectations.
For filmmakers looking to showcase their films directly to
buyers and distributors without participating in the auction,
the AFC Event Market Screening Tier offers a valuable
opportunity. Selected films will be screened in a private space at
the convention. This intimate setting allows filmmakers to present
their work to a live audience of buyers and distributors, offering
direct feedback and enhanced networking opportunities.
The Short Film Pavilion will feature a hand-picked selection of
short films from innovative filmmakers, providing them with direct
access to buyers and distributors. This exclusive program gives
short filmmakers the chance to gain significant exposure alongside
their feature-length counterparts.
AFC has opened the submission portal for films to be considered
for auction and exhibition in the halls as well as the delegates'
captive online streaming room. Filmmakers, buyers and sellers will
have the option of booking slots onsite, offsite or making their
projects available online for both premium convention delegates and
buyers.
AFC has fielded auction offers for a dozen feature films, with
confirmations expected in coming weeks.
For more information on the auction and market, visit HERE and
register to submit your unreleased feature films and shorts. The
deadline to submit is Friday, September 27,
2024.
Patel concludes, "Our goal is to break new ground in the film
market category. The auction and online and in-person market
screenings of features and shorts offers filmmakers more ways to
get their projects in front of buyers. Look for more confirmations
of exhibitors, partners, speakers and panels in coming weeks; we're
in for a very exciting time. We invite filmmakers and organizations
alike to collaborate with us in fostering a brighter, more dynamic
future for film."
American Film Convention (AFC)
Website: www.americanfilmconvention.com
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https://www.americanfilmconvention.com
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