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Indie Hits Vanish: What’s Behind the Disappearance?

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Blake Harrison

MATERIALISTS, from left: Dakota Johnson, Pedro Pascal, 2025. ph: Atsushi Nishijima / © A24 / courtesy Everett Collection

As we delve deeper into the autumn cinema season, one might expect bustling activity at the box office and fervent discussions among cinephiles. However, the reality presents a stark contrast, with notably thin crowds and subdued conversations. The burning question arises: What happened to all the indie hits?

There was a time, not too long ago, when the fall season boasted an array of eagerly anticipated, critically celebrated films, marking it as the indie scene’s own blockbuster period. This scheduling strategy capitalized on the historical success of such films during the year’s final quarter, a trend that gained momentum in the 1990s when Harvey Weinstein redefined the awards season into a rigorous campaign marathon for actors and directors, spanning five months leading up to the Oscars.

However, the landscape has drastically shifted. The once reliable box office success of fall indie films now seems like a distant memory. The decline has been gradual but noticeable, exacerbated by the pandemic which altered movie-going habits significantly. Films like “Tár,” “Anatomy of a Fall,” and last year’s “Anora” have seen a mismatch between critical acclaim and box office success, with “Anora” barely scraping together $20 million—a figure that now represents a major success in the indie film realm, where it once might have indicated a lackluster performance.

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This season, the situation appears even more dire. Each high-profile indie film release has been met with a resounding flop at the box office, each accompanied by a unique, often elaborate excuse for its underperformance.

Consider the diverse reasons behind recent flops: “After the Hunt” failed to draw audiences to its anti-“woke” narrative; “The Smashing Machine” saw Dwayne Johnson in an uncharacteristically serious role that didn’t resonate; “Springsteen: Deliver Me from Nowhere” couldn’t attract viewers to its art-house take on Bruce Springsteen’s darkest album; and even “Christy,” despite its moderate success this weekend, couldn’t outshine the buzz around Sydney Sweeney’s jeans advertisement over her performance in the film.

Yet, “Bugonia” stands out as perhaps the most promising, amassing $12.5 million in its second week—hardly a blockbuster by old standards, but possibly enough to join the ranks of indie successes in this new economic climate.

So, what’s really at play here? Is the indie film sector withering? That might be too drastic a conclusion. However, before exploring the broader implications and the glimmers of hope on the horizon, let’s examine why this downturn is happening.

The rise of streaming. It’s clear by now: the convenience of home viewing has diminished the allure of movie theaters.

The shrinking release windows. The rapid transition from theaters to streaming platforms leaves little reason for audiences to catch a film on the big screen.

The decline in theater experience. Often overstated, yet undeniable—the complaints about the physical state of theaters, disruptive audiences, and lengthy trailers contribute to a less enjoyable movie-going experience.

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