Canada Markets open in 9 hrs 29 mins
  • S&P/TSX

    21,284.84
    +68.69 (+0.32%)
     
  • S&P 500

    4,566.48
    +21.58 (+0.47%)
     
  • DOW

    35,741.15
    +64.13 (+0.18%)
     
  • CAD/USD

    0.8082
    +0.0003 (+0.0364%)
     
  • BTC-CAD

    77,751.65
    +499.62 (+0.65%)
     
  • CMC Crypto 200

    1,509.56
    +1,266.88 (+522.04%)
     
  • GOLD FUTURES

    1,805.20
    -1.60 (-0.09%)
     
  • RUSSELL 2000

    2,312.64
    +21.37 (+0.93%)
     
  • 10-Yr Bond

    1.6350
    -0.0200 (-1.21%)
     
  • VOLATILITY

    15.24
    -0.19 (-1.23%)
     
  • FTSE

    7,222.82
    +18.27 (+0.25%)
     
  • NIKKEI 225

    29,119.27
    +518.86 (+1.81%)
     
  • CAD/EUR

    0.6964
    +0.0011 (+0.16%)
     

San Sebastian Market Wrap, from a Robust Rebound to Johnny Depp, Buzz Titles, Deals and France Holding Sway

·6 min read

Blessed by largely clement weather, San Sebastian fairly hummed, as hundreds of industry execs sat down to talk face to face – some, especially from Latin America, for the first time since February 2020. As at Venice, Latin American producers could talk on-site and with some degree of confidence about putting movies long in development into production. So the 69th San Sebastián Festival proved a joyous and energy-sluiced affair. Following, some of its highlights:

San Sebastian Rebounds

More from Variety

Through Thursday, total San Sebastian delegates numbers came in at 3,848, 46.5% up on 2020 and just 11% down on a pre-pandemic 2019. Industry reps drove much of that rebound, San Sebastian welcoming 1,686 this year, compared to 1,185 in 2020 and 1,749 in 2019. “Everyone’s very active, enthusiastic, appreciating seeing one another again. We really wanted to be here,” said Ventana Sur co-director Bernardo Bergeret. He added that late November’s Ventana Sur had received a record number of applications for accreditations. Expect Europe’s next major film event, Rome’s MIA in October, to be a bumper event.

On-Site Reunion: An Industrial Necessity

The industry also can not but meet in person. One reason: COVID-19 has merely compounded declining state finance over much of Latin America, one of San Sebastian’s major fount of attendees. The most obvious way to take up that slack is international co-production. Chilean producers Gabriela Sandoval and Carlos Nuñez, for instance, hit San Sebastian in part to complete finance on upcoming drama feature, “After Elena.” They found partners in Argentina’s Magma Cine and Be Revolution Pictures in Belgium. “San Sebastian is the first industry event we’ve attended face-to-face since the 2020 Berlinale, and it was 100% worth it,” Sandoval told Variety.

Johnny Depp

Over 24 hours, his figure dominated the Festival. First, at his Donostia Award. Its on-stage acceptance was warmly applauded. A prior press-conference was widely criticized for its moderator’s blocking a question about his reaction to criticism of the Award, branded as “inopportune by Spain’s Association of Female Filmmakers. Next day, Depp announced the biggest industry news of the whole festival: His launch of a new London-based production company, IN.2. He also hit out at the “Hollywood system.” “Not every outing needs to be a blockbuster, that they don’t need to be formulaic, commercial drivel,” he said. One way or another, Depp seems to be leaving Hollywood.

Buzz Titles

As of Friday, of competition contenders, Jonás Trueba’s “Quién lo impide,” tracking Spanish adolescents as they grow over years, leads by a head a Spanish critics poll in newspaper El Diario Vasco. It is followed by Terence Davies’ “Benediction,” described as “heartbreaking” by Variety, then Fernando Leon’s Javier Bardem starrer “The Good Boss,” Zhang Yimou’s “One Second” and Dane Tea Lindeburg’s debut, “As in Heaven.” Out of competition, Alejandro Amenábar’s six-part adventure series “La Fortuna” drew warm applause at the end of a press conference, with Stanley Tucci in attendance. But critics’ favorites range far and wide, with individual reviewers carrying a candle for Lucile Hadzihalilovic’s “Earwig” and “Fire on the Plain,” from China’s Zhang Li.

If You Can’t Beat Them, Try to Beat Them Another Way

The same IN.2 press conference saw Depp and Adolfo Blanco, head of Spain’s highly regarded A Contracorriente Films, announce a joint development fund for movies and series. A Contracorriente has leapt to the top of Spain’s independent distributors charts releasing in Spanish theaters an inspiring mix of foreign buys – big French comedies, for instance – and local fare. But much top talent is now being taken off the market by global streamers. A Contracorriente has little alternative but to try to produce itself. To do so, it has allied with Depp, “a visionary,” said Blanco.

France Leads Europe’s Art Film Renaissance

A French film, Julia Ducournau’s “Titane,” won Cannes in July. Another French film, Audrey Diwan’s “Happening” won Venice. The French were out in force, celebrating that Wild Bunch double, and the major foreign presence at San Sebastian, with reps from all the major sales agencies from Wild Bunch to Playtime, Memento. MK2, Pathe and Gaumont, to name a few. No lockdown has lasted so long as Latin America’s. French sales agents usually use Miami to hold meetings with distributors in the region. But most French agents missed Miami this year and last so only now could meet with at least some distributors. They also had something to sell. Only breakout or star-auteur art films sell well these days. But Paris, the capital of the art film business, still has more titles in both categories than another place in the world.

The Deals

*At San Sebastian, new Spanish sales agency and distributor Begin Again Films unveiled the sale to Warner Media in Latin America, Somos TV in the U.S. and HBO in Spain of “Amor en polvo,” a comedy directed by Suso Imbernón and Juanjo Moscardó Rius. Somos TV has also acquired from Begin Again U.S. rights to both Brazil-set horror film “Urubú,” directed by Alejandro Ibáñez; and Iñaki Sánchez Arrieta’s dystopian thriller “Zero.”

*”Mass,” Fran Kranz’s acclaimed New Directors player, has been sold by Kinology to Australia/NZ (Madman), Scandinavia (NonStop), Spain (La Aventura), Taiwan (Hooray), Poland (Galapagos), Middle East (Front Row) and CIS (Exponenta).

*Playtime has licensed Laurent Cantet’s Toronto-San Sebastian player “Arthur Rambo” to Canada (MK2 Mile End), Brazil (Vitrine Filmes), Spain (Golem), Portugal (Films 4 You), Scandinavia (Scanbox), Israel (Lev Cinema), Benelux (Cineart), Switzerland (Filmcoopi), Turkey (Bir Film), and Taiwan (Av Jet).

*In further San Sebastián-related deals announced throughout the week, Wild Bunch International has closed most of the world on “Happening.”

*Vicente Canales’ Film Factory Entertainment sold Icíar Bollaín Basque reconciliation drama “Maixabel” to Germany’s Piffl Medien.

*”Madeleine Collins,” a psychological thriller with “Benedetta” star Virginie Efira, has been licensed by Charades to Movie Inspired (Italy), Rialto (Australia / New Zealand), Best Film (Poland) and Weird Wave (Greece).

*Films Constellation secured Spain with Alfa Pictures on “John and the Hole.”

*Films Boutique closed major European territories on Noémie Merlant’s “Mi Iubita, Mon Amour,” which played at the Zabaltegi Tabakalera section, taking in Barton Films in Spain, Triart in Sweden and Agora Films in Switzerland.

*Santiago de Compostela-based company Atalante has acquired from sales house Finecut Korean dramas “In Front of Your Face” and “Introduction,” and from French sales agencies Le Pacte and The Party Film Sales, “Onoda, 10,000 Nights in the Jungle” and “Returning to Reims” respectively.

*Santa Cruz de Tenerife’s Bendita Film Sales, whose line-up at San Sebastian takes in New Directors’ player “Carajita,” unveiled a deal with Jean Heijl’s new distribution company J&J Films on the Benelux theatrical distribution rights to Marc Wilkins’ “The Saint of the Impossible,” a feature adaptation of Arnon Grunberg novel toplining Magaly Solier (“The Milk of Sorrow”).

Best of Variety

Sign up for Variety’s Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting