Hedge Funds into Festivals: Future Frames — Generation NEXT of European Cinema at the Karlovy Vary International Film Festival 2023
Can U.S. companies be viewing international film festivals in a new light that foretells a new source of financing for the festivals which are facing the same cutbacks as all other cultural initiatives as post-Covid inflation and arming big wars take the lion’s share of capital?
Three important new players are eyeing ten emerging European film directors as they launch their careers in the film industry at the Karlovy Vary International Film Festival in the 8th edition of Future Frames — Generation NEXT of European Cinema organized by the European Film Promotion and KVIFF. The selected participants, chosen among film students and graduates, will showcase their films to the festival audience and engage in an intensive program that will introduce them to the film industry and media in a way that goes beyond the borders of Europe.
The final 10, chosen by KVIFF’s artistic director Karel Och and his team of programmers follow a two-part schedule, starting with an online pre-program of pitching training and industry meetings. During the festival, EFP introduces the young directors and their films to the public, film industry and press. The three-day on-site event running from 2 July is rounded off by this year’s mentor, the acclaimed Polish director Agnieszka Smoczyńska who will provide an exclusive private master class for the young filmmakers.
*** click here for more information about you might be selected ***
The new financing infusion comes from future-seeing U.S.- and U.K.-based bigtime cultural business for this year’s Future Frames program
A new partnership with leading multi-national lottery operator Allwyn as well as U.S.-based talent agency UTA and management company Range Media Partners will provide feedback and guidance to the filmmakers. One participant will ultimately be selected who will receive a special scholarship sponsored by Allwyn to go to Los Angeles and learn from the best in the film industry.
UTA’s partnership with the Karlovy Vary Film Festival may be explained in part by the agency’s partner Rena Ronson. The first woman to run an independent financing, packaging and sales department at an agency as sole head, she now co-heads UTA Independent Film Group. In reading her in-depth interview with Screen International, readers will learn what gives Rena her special international view of film, something sorely lacking in most U.S. major players.
U.S. based venture capital as invested in Range Media Partners is also aiming outward from the U.S. The largest startup in Hollywood’s talent representation sector in years, RMP was launched in late summer 2020 during the Covid pandemic. Its founders and partners, two former agents from CAA, Peter Micelli and Jack Whigham, have an ambitious vision for the management, production and business development side of the industry. With financial backing coming former Wall Street hedge funder Steven A. Cohen’ who reached a $1.2 billion settlement of insider trading charges with the Securities and Exchange Commission in 2013, his private equity firm, Point72, has been a valued advisor but has no day-to-day role in running the agency. Their combined vision sees going beyond classic booking roles in TV shows and movies into the empire-building of business development and venture capital investments. Range Media now has nearly 150 staffers thanks to the financial backing from Point72 and it has expanded quickly through another partnership with A+E Networks that gives it a boost in content production and distribution.
Agnieszka Smoczyńska
In an exclusive master class entitled “How to make your first movie“, Agnieszka Smoczyńska will talk about her experiences and encourage the young directors to follow their ideas and go their own ways. Smoczyńska will present her highly-acclaimed first feature film, The Lure, a mixture of musical and horror film.
Agnieszka Smoczyńska debuted in 2015 with The Lure– genre-bending, horror-musical mashup which won awards around the world, at dozens of international festivals, including Sundance Film Festival Porto, Sofia, Montreal, Vilnius. The Lure is a part of the prestigious Criterion Collection and was theatrically released in US via Janus Film. Her second feature film Fugue premiered at the Cannes Critics’ Week. In 2023, it was released in US theaters. In 2022, her English-language debut, The Silent Twins starring Letitia Wright and Tamara Lawrance, premiered in the Un Certain Regard section at the Cannes Film Festival. Smoczyńska took part in the European Cinema: Ten Women Filmmakers to Watch program. She was also a winner of the Global Filmmaking Award sponsored by the Sundance Institute. In 2022 she was among five directors to watch at Cannes Film Festival.
About Allwyn
Announced as a main partner of Karlovy Vary International Film Festival in April 2023, Allwyn, a leading multi-national lottery operator, will support the Future Frames initiative for three years. As a main partner of KVIFF, Allwyn will host the Allwyn Future Frames Lounge on site and bring the ten emerging European talents together with industry leaders, including overseas talent agency UTA and management company Range Media Partners.
“We look forward to welcoming all the talented directors to the Karlovy Vary International Film Festival this year, selected as part of the Future Frames initiative. We are also very much looking forward to welcoming one of the ten directors on the newly established scholarship to Hollywood, introduced this year in partnership with UTA and Range Media. Changing lives is core to our mission and we are very pleased to be affording talented directors the opportunity to work with the very best in the film industry,” said Pavel Turek, Allwyn’s Chief Officer of Global Brand, Corporate Communication, and CSR.
This year’s group not only has experience in festivals, but the 10 also includes two award winners such as Germany’s Sophia Mocorrea who won the Short Film Jury Award at the Sundance Film Festival and received a Special Mention at this year’s Berlinale with her film The Kidnapping of the Bride in the Perspektive Deutsches Kino section. The Netherlands’ Joris Tobé’s Frantic Attempts won the KNF Award for Best Graduation Project at the Netherlands Film Festival in 2022. Other films from this year’s Berlinale include The Shift by Denmark’s Amalie Maria Nielsen (Generation Kplus) and Spain’s Christian Avilés’ Daydreaming So Vividly About Our Spanish Holidays(Berlinale Shorts). Heart Fruit by Kim Allamand celebrated its world premiere in the Pardi Di Domani section at the Locarno Film Festival last year.
For more details of the selected 10, click here.
Also chosen are Czech Republic’s Anna Izabela Wowra for Stuck Together, Italy’s Giulia Regini for Cut From the Same Cow, Lithuania’s Rinaldas Tomaševičius for 15, Portugal’s Inês Pedrosa e Melo for Home, Revised, Slovak Republic’s Monika Mahútová for Standing Still and Switzerland’s Kim Allamand for Heart Fruit.
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