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Sundance, Once a Hotbed for Film Deals, Tries to Find Its Footing



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The past two years have been a time of major upheaval in the film business — and at the Sundance Film Festival.Between the diminishing audiences in movie theaters, the consolidation of studios and the shrinking amount being spent on content after the streaming giants had their wrists slapped by Wall Street, few were certain about what kind of market there would be for new films at the current Sundance — typically a hotbed of acquisitions for the brightest lights in the independent film world.Even the festival’s opening-night gala last Thursday, its first in person since 2020, felt tempered by the reality facing movies.“These last few years have brought extraordinary challenges for our industry, along with opportunities to respond to the needs of artists and reach audiences in new ways,” Sundance’s chief executive, Joana Vicente, told thos …

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