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Anatomy of a movie market

October 16, 2026

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5 min read

Anatomy of a movie market

The first screening of the 2025 Sundance Film Festival was a mountaineering documentary called The Last First, Winter K2. In the theater lobby before the lights dimmed, John Sloss—sometimes called "the king of Sundance"—and his nephew Eric Sloss were scanning the crowd. They weren't looking for film critics or fans. They were looking for about ten specific people: the buyers from Netflix, Apple, Amazon, and Disney who could write a multi-million dollar check. "We actually have trading cards that we've created," Eric said. "Have we got most of them? Have we collected them all?" This is the hidden market behind the streaming menu: a small, personal, high-stakes negotiation that determines which independent films make it to screens around the world.

The festival as a marketplace

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What you'll learn

  • 1 (00:22) **The Hidden Market Behind Your Streaming Menu** - Host Alexi Horowitz-Gazi introduces the premise: the negotiations and strategy that determine which movies make it to a screen near you.
  • 2 (01:00) **Meet John Sloss, "The King of Sundance"** - Introduction to John Sloss, founder of Synetic Media, a veteran sales agent who turns cinematic art into saleable commodities.
  • 3 (03:57) **The Tiny Circle of Decision-Makers** - The host realizes the commercial fate of any film depends on a small handful of people with specific tastes and calculations.
  • 4 (05:02) **Basecamp vs. Summit: The Real Goal of Sundance** - Getting into Sundance is just the beginning; the real goal is selling the movie to a distributor.
  • 5 (07:37) **The 1989 Inflection Point: Sex, Lies, and Videotape** - John Sloss explains how one film transformed Sundance from a celebration of indie film into a major market.
  • 6 (08:48) **The Art of Selling: A Jekyll and Hyde Dance** - John describes the two-phase strategy: ingratiating yourself before the screening, then hardline negotiating afterward.
  • 7 (10:32) **The Napoleon Dynamite Strategy: Downplaying Hype** - John explains how keeping a low profile can create organic buzz that leads to a better sale.

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Show Notes

Before an independent movie makes it to a streaming platform or a theater near you, it first needs to survive an artistic and economic gauntlet. And even for those movies that make it into elite film festivals like Sundance – it can take everything from performance stunts to corporate spycraft to seal the deal. Today on the show, we follow the ‘King of Sundance’ as he and his team try to sell their slate of movies to distributors like Netflix and Sony and Apple. We hear the behind the scenes stories about how films like Little Miss Sunshine, Napoleon Dynamite and Precious got sold. And we learn the strategies that might make the difference in whether or not a film makes it onto screens around the world. 

For more episodes about the entertainment industry:  

"Based on a true story"
On the Oscars campaign trail
Why platforms like HBO Max are removing streaming TV shows
The summer I turned binge-y
The Writers Revolt (UPDATE)

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This episode of Planet Money was produced by Emma Peaslee. It was edited by Jess Jiang. It was fact checked by Sierra Juarez and engineered by Annlie Huang. Alex Goldmark is Planet Money’s executive producer.

Music: NPR Source Audio - "Lone Star Desert Surfer," "The Westerners," and "Tucson Arizona"

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