Post-AFM 2025: Where Buyers Are Still Spending (And How to Get Read)
A quieter market doesn’t mean a dead market. The deals are just more surgical: cross-border co-productions, creator-led distribution, and tightly targeted genre bets. Here’s what’s actually moving and how to pitch it.
Market Pulse (Last 30–45 Days)
- Buyer announcements are down ~40–50% vs. Sept/Oct (normal seasonal dip).
- Adventure is slightly up (+6%); family/rom-com steady; action only modestly down (~25%).
- The quiet is a reset toward sharper mandates (co-pros, IP, audience-first packaging).
What’s Quietly Growing
- International co-productions: Triple-digit growth; India/Australia, Korea/global, Middle East funds. Qatar is dangling a 50% rebate and building a post hub (Company 3).
- Streamer spend (targeted): Paramount+ earmarking $1.5B for 2026 (~15 films/year). FX buying “bold, character-driven.” Netflix expanding AMC licensing. Disney+ laser-focused on Korea/Japan fantasy romance and crime. Prime Video buying YA/BookTok IP (10-film slate with Mercedes Ron).
- Creator-led distribution: Tubi x Hartbeat (4 creator-led films for 2026). Minerva Pictures financing $1–5M films to break even on YouTube. Indie TV-style pipelines gaining traction.
- New capital pockets: Iraq’s first public film fund; expanded Korea/Japan appetite; Middle East co-pros opening.
What Buyers Want Right Now
- Cross-cultural hooks and specific demos (Arabic-language, Korean crime, YA/fantasy romance).
- Existing audience or IP (books, podcasts, creator channels, BookTok traction).
- Franchise/series potential over one-offs.
- Contained budgets: $1–5M sweet spot that can travel and recoup on streaming/YouTube.
- Fandom-first positioning (“make the fandom go crazy”).
How to Pitch Differently (Tactics)
- Lead with a fresh announcement: “I saw you just announced X; my project aligns because Y.”
- Match mandate + budget: If you’re $1–5M, target AVOD/FAST/YouTube-friendly distributors and co-pro funds. For streamers, anchor on IP/community.
- Cross-border packaging: Pair U.S. cast/creator with a foreign setting/partner to unlock rebates (Qatar 50%, emerging Iraq fund, Korea/Japan genre appetite).
- Proof of audience: BookTok metrics, podcast subs, newsletter size, or creator channels to de-risk.
- Format optionality: Deliver both a series bible and a 100-page feature version; some buyers want bingeable arcs, others want a tight film.
Genres/Formats Holding Up
- Adventure: +6%, travel-friendly.
- Family / Rom-com: Steady, four-quadrant appeal.
- Action: Only -25%; still viable if contained and franchiseable.
- Horror: Remains the hero genre post-AFM; short window to get reads while appetite is high.
Why I’m Cautiously Optimistic
- New money in new places (Qatar/Middle East, Asia partnerships) + rebates.
- Creator-led distribution is now a finance model, not just a marketing tactic.
- Streamers are spending, but with surgical mandates—meet the brief and be specific.
Quick Next Steps for Writers/Producers
- Build a 1-page target list of buyers who announced in the last 30 days; personalize every outreach.
- Price out a co-pro path to drop net budget; lead with rebates and regional funds.
- Attach audience: creator/influencer, BookTok IP, podcast, or newsletter proof.
- Keep a low-capex version: what’s the $1–3M version that still delivers the promise?
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