A24’s strategy of trusting directors, encouraging diversity, and crafting stories outside the mainstream continues to bring success. Their films – such as Hereditary or Euphoria – all share an aesthetic that garners immense fan loyalty among audiences.
However, as A24 continues to expand it risks becoming the studio it was founded against; that is a purveyor of sequels and spin-offs as well as reseller of revived IP. A24 must act swiftly to safeguard itself against this existential crisis.
From Indie Darlings to Mainstream Success
Since 2008, A24 has served as an independent film distributor. Its three founders Daniel Katz (Little Miss Sunshine and The Spectacular Now), David Fenkel from Oscilloscope Laboratories and John Hodges of Big Beach Films all brought expertise in distribution and acquisition to A24.
Initial hits such as Adam Sandler-led comedies Good Time and Spring Breakers cemented A24’s place as an innovative indie studio, showing their commitment to bold stories that challenged norms while connecting with audiences.
As the company gained momentum, it expanded into producing its own movies – starting with Jonathan Glazer’s sci-fi thriller Under the Skin and Alex Garland’s creepy android puzzler Ex Machina, both earning A24 Academy Awards nominations or wins and garnering loyal fan bases far beyond limited edition t-shirts and downtown streetwear brands associated with A24 Studios.
A24’s Modernity
Diversity at its core, trusting directors and crafting films outside of mainstream narratives have earned this company an enthusiastic fan base. Furthermore, its employees work in an inclusive environment which has seen its focus broaden to scripted television, podcasting, publishing and cosmetics production as well as more recently film production.
A24’s unique brand of youth-facing ideas and films with distinct points of view sets them apart from traditional studio models that rely on flashy trailers, big stars and marquee names. Bo Burnham’s satirical teen horror flick, Ari Aster’s Hereditary or Lulu Wang’s tribute to Chinese American slacker culture are among many that have created a following for A24 – Film Twitter is filled with images and one-liners begging to be screen captured and memed! That shared DNA has led to unprecedented levels of consumer devotion rarely seen elsewhere in movie business – something rarely found within film itself!
A24’s Tech-Savvy
As opposed to large studios that invest in safer films such as superhero films, A24 prefers backing true auteurs with all their resources – similar to venture capital or LVMH’s designer-centric strategy.
Indie film can be an intimidatingly competitive industry for ambitious new companies, often outstripping start-up costs with financial returns. A24 began its journey wisely by attending film festivals and purchasing rights to completed movies (last money in, first money out).
This strategy has proven fruitful. A24’s reputation as a creative, daring film-maker has been recognized with huge box office wins and multiple Academy Award nominations, further strengthening their position as a cult brand.
A24’s Empire
A24 has gone far beyond its initial indie roots to become an influential cultural empire, branching out into television, documentary series, podcasting, music publishing, cosmetics and immersive experiences. Following Bernard Arnault’s luxury playbook for success, A24 seeks to elevate artists while further their vision through new media channels.
A24’s astute approach to art-house film releases has garnered them an exceptional fan base beyond film festivals, from Harmony Korine’s women-gone-wild provocation Spring Breakers and Sofia Coppola’s true-crime caper The Bling Ring, to James Ponsoldt’s sweet high school romance Lady Bird.
But for A24 to maintain this momentum, they must guard against becoming the kind of studio it was founded to avoid: one that produces sequels and spin-offs. As A24 expands into other fields, it must remain champions of original voices and bold ideas; its core DNA relies heavily on protecting artists; any move towards weakening this commitment would be risky indeed for their firm.