The Cool Kids of NY Film Are Now Worth $2.5B

David Fenkel and Daniel Katz
Photo by John Sciulli/Getty
Matthew Belloni
March 11, 2022

What are you hearing about A24? For the past five years, pretty much since the morning after Moonlight was awarded the most famous Oscar ever—well, not awarded it, then quickly awarded it with apologies—people in Hollywood have been asking that question about the independent studio behind the movie. And nearly everyone claimed to have the inside track. Apple was in negotiations, then Amazon was interested. Maybe Comcast? A supposed $3 billion asking price spilled into the trades, sparking mockery. Just last month, a prominent lawyer whispered to me that Apple was back with A24, doing its due diligence as part of an anticipated acquisition. The guy was sure it was happening.