A24

What A24 does

A24 is an American independent entertainment company founded in 2012 and headquartered in New York, specializing in film distribution and production, prestige television, and a growing portfolio of adjacent media and technology businesses. The company produces, acquires, and distributes a curated slate of theatrical films, having achieved cultural milestones with titles such as Moonlight, Everything Everywhere All at Once, Hereditary, Midsommar, and more recently Backrooms (which crossed $300M globally on a $10M budget). It is organized as A24 Films LLC, a privately held entity backed by Stripes, Neuberger Berman, Thrive Capital, and Google (via Alphabet/DeepMind), with a 2024 valuation of $3.5B and total disclosed funding of approximately $550M across three rounds.

A24's business model is multi-revenue-streamed: theatrical exhibition (wide and limited release) is the primary engine, with films distributed on up to 3,400+ screens and across 30+ countries; windowed streaming/TV licensing and co-productions with HBO, Apple TV, Amazon, Disney+/Hulu, Paramount+, and Peacock (titles include Angel Heart, Discretion, DAD, Crystal Lake, and the Knicks documentary); direct-to-consumer digital sales and rentals via the A24 app and transactional VOD platforms; merchandise, vinyl soundtracks, Blu-rays, and curated books via shop.a24films.com (Shopify-powered); and the AAA24 paid membership program. The company has expanded into live theater via the $10M Cherry Lane Theatre acquisition (2023) and into technology via A24 Labs, a 20-person in-house division co-developing AI filmmaking tools with Google DeepMind.

A24's customer base spans Gen Z and younger millennials (who comprised 86% of Backrooms' opening audience) as a primary consumer segment, brand-loyal AAA24/AA24 superfans, established and emerging filmmakers as supply-side partners, festival programmers and awards voters as tastemakers, and streaming platforms plus art-house exhibitors as B2B counterparties. Distribution reach is global (North America, UK/Ireland, EMEA, India, South Korea, Australia/NZ), and the company is actively expanding into Indian production with The Peasant, gaming-IP adaptation with Death Stranding (Hideo Kojima), and adjacent consumer brands (Half Magic Beauty via Rules Beauty LLC).

Name

A24

Legal name

A24 Films LLC

Website

https://a24films.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

A24 is a New York-based independent entertainment company that produces and distributes prestige films, television, and live theater, serving Gen Z and millennial audiences globally through theatrical releases, premium streaming partnerships, and a direct-to-consumer ecosystem spanning membership, merchandise, and technology.

Ownership category

akta.pro rank

Product category

Independent Film Production and Distribution

NAICS

Motion Picture and Video Industries (5121), Motion Picture and Sound Recording Industries (512), Motion Picture and Video Production (512110)

SIC

Services-Motion Picture & Video Tape Production (7812), Services-Allied To Motion Picture Distribution (7829), Services-Allied To Motion Picture Production (7819)

akta.pro primary industry

Mobile & F2P Game Studios (MPAFAAAB)

akta.pro secondary industry

Enterprise/B2B Music Streaming (Business Background Music) (MPAIACAJ)

Keywords

• Independent film production
• Film distribution services
• Streaming content licensing
• Branded merchandise apparel
• Television series production

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Theatrical box office: Primary revenue driver from wide theatrical exhibition of A24-distributed films. Backrooms generated $300M+ global, becoming the studio's biggest release ever; The Death of Robin Hood opened on 1,760 screens.
2. Streaming/TV licensing and distribution: Licensing of A24 titles to streaming platforms (HBO Max, Apple TV, Amazon, Fandango at Home, Kaleidescape, Google Play, YouTube) and producing prestige TV series (Angel Heart for HBO, Discretion for Paramount+, Neighbors for HBO Max, Knicks documentary for HBO, Mother Mary, The Drama).
3. Direct-to-consumer digital sales and rental: Sales and rentals of A24 films via A24's own app (app.a24films.com), Apple TV, Amazon, Google Play, YouTube, Fandango at Home, and Kaleidescape. The Drama and Mother Mary are available for digital purchase.
4. Merchandise and physical media ecommerce: Direct consumer sales of branded merchandise (NY Logo Hat, Async Research Institute Hat, AAA24 apparel, in the mood products), vinyl soundtracks (Backrooms OST), Blu-rays (Pillion Blu-ray), and curated books (On Location in New York City) via shop.a24films.com.
5. AAA24 membership subscriptions: Recurring paid consumer membership program offering exclusive access, content, and perks to A24's most engaged fans.
6. Strategic equity investment capital: Capital from financial partners including Google ($75M in 2026), Thrive Capital and Stripes ($250M in 2024), and Stripes and Neuberger Berman ($225M in 2022) to fund production, distribution, and expansion.
7. Live theater ownership and operations: Revenue from owning and operating Cherry Lane Theatre in NYC's West Village (acquired 2023 for $10M), including ticket sales, programming, and event production as part of expansion into live theater.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels8 records

Core offering

A24 is an independent entertainment company that produces, finances, and distributes feature films and television series. It monetizes content through theatrical box office, streaming and digital licensing, direct-to-consumer digital sales, branded merchandise, and a paid membership program (AAA24). Beyond content production, A24 operates a streaming app, an ecommerce storefront, a podcast network, and is developing AI-powered creative tools through A24 Labs in partnership with Google DeepMind.

Differentiator

Problem solved

Functional benefit

Brands

• A24 Labs: 20-person in-house technology division developing AI tools, including an AI-generated storyboard application, in partnership with Google DeepMind.
• AAA24
• Half Magic Beauty

Products and services

• The Death of Robin Hood
• Mother Mary
• The Drama
• Pillion
• Backrooms
• Crystal Lake
• Hacks (Season 5)
• DAD
• AAA24 Membership
• A24 App
• A24 Shop
• A24 Podcast
• A24 Labs

Quantifiable outcome

• Backrooms became A24's highest-grossing worldwide release ever at $300M+ global on a $10M budget, tripling the studio's previous best opening.
• +6 more outcomes

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability4 records

Feature2 records

Partnerships

23 partnerships are on record, tiered minor, core and flagship.

• Pelé brand/estate (Pelé 'Most Beautiful Goal' documentary)minorStrategic or Co-development Partner · 24 June 2026Google partnered with the Pelé brand/estate to recreate Pelé's 1959 'most beautiful goal' using Veo 3 AI video models, with the documentary premiering at the Pelé museum in Santos, Brazil in July; same announcement cycle as Google's $75M A24 investment.
• Dev Patel / The Peasant (A24 first India-shot film)coreStrategic or Co-development Partner · 24 June 2026A24 is producing 'The Peasant', an international action thriller directed by and starring Dev Patel — described as the studio's first film shot in India, signaling an international expansion move.
• Location Managers Guild International (LMGI Awards)minorOthers · 24 June 2026A24 productions ('One Battle After Another') were nominated at the 13th annual LMGI Awards, scheduled for August 22 at The Eli and Edythe Broad Stage in Santa Monica.
• Jesse Eisenberg (The Debut)coreStrategic or Co-development Partner · 23 June 2026A24 is releasing Jesse Eisenberg's musical comedy The Debut, starring Julianne Moore and Paul Giamatti, in fall 2026. It marks Eisenberg's second collaboration with Moore after When You Finish Saving the World.
• Disney+ / Hulu (A24 UK)coreStrategic or Co-development Partner · 22 June 2026Disney+ and A24 UK announced a straight-to-series order for Clem Garritty's comedy-drama DAD (Hulu Original badge), the first collaboration between Disney+ and A24 UK, and part of Disney+'s increased EMEA international content spend.
• Olivia Wilde (The Invite, Sundance acquisition)coreStrategic or Co-development Partner · 22 June 2026A24 acquired domestic rights to Olivia Wilde's 'The Invite' at Sundance 2026 for more than $12 million; written by Rashida Jones and Will McCormack.
• NBA / Madison Square Garden (Knicks documentary)coreStrategic or Co-development Partner · 18 June 2026Multi-part documentary series about the New York Knicks' 2026 NBA championship, co-produced by A24, HBO, and Ben Stiller with full cooperation from the NBA and MSG (James Dolan approved full locker-room and training-facility access).
• PVR INOX Pictures (Backrooms India distribution)minorChannel Partner/ Reseller/ Distributor · 12 June 2026PVR INOX Pictures is the local distribution partner in India for Backrooms; co-hosted a fan event with Khooni Monday and HorrorCon India at PVR Select City Walk in Delhi on June 10, 2026, themed on the film's liminal space lore.
• Paramount+ (Discretion)coreStrategic or Co-development Partner · 10 June 2026A24 produces the legal thriller series Discretion for Paramount+, starring Nicole Kidman and Elle Fanning, with Matt Shakman directing the pilot and three additional episodes; Chandler Baker writes; production starts later in 2026.
• By4M Studio (Backrooms South Korea distribution)minorChannel Partner/ Reseller/ Distributor · 8 June 2026By4M Studio is A24's local distribution partner in South Korea for Backrooms, leveraging social media campaigns to drive word-of-mouth, with the film topping the non-Korean box office chart for five consecutive days at 391,125 admissions.
• Peacock (Crystal Lake)coreStrategic or Co-development Partner · 4 June 2026A24 co-produces the Friday the 13th prequel series Crystal Lake for Peacock, premiering October 15, 2026, with Linda Cardellini cast as Pamela Voorhees and Brad Caleb Kane as creator.
• Chernin EntertainmentcoreStrategic or Co-development Partner · 29 May 2026Chernin Entertainment co-financed and co-produced Backrooms alongside A24 for approximately $10 million. Producer Peter Chernin publicly spoke about the success of the YouTube-to-Hollywood pipeline, cautioning against over-signing YouTube creators.
• Atomic Monster (James Wan)coreStrategic or Co-development Partner · 29 May 2026Atomic Monster, James Wan's production company, was an early co-producer on the Backrooms project; James Wan is also a producer on the feature alongside Shawn Levy, Osgood Perkins, and others.
• 21 Laps (Shawn Levy)coreStrategic or Co-development Partner · 29 May 202621 Laps (Shawn Levy's production company) is a co-producer of Backrooms, with Levy also a producer on the feature. 21 Laps joined early in the project alongside Atomic Monster.
• Odd Fellow Entertainment (Osgood Perkins)coreStrategic or Co-development Partner · 29 May 2026Osgood Perkins and his Odd Fellow banner are producers on the Backrooms feature and worked closely with Kane Parsons throughout pre-production, including Friday movie nights (e.g., 2001: A Space Odyssey) to prep the film.
• HBOflagshipChannel Partner/ Reseller/ Distributor · 28 May 2026HBO is both a streaming home for A24 films (The Drama on HBO Max, Pillion on HBO Max June 5 2026) and a co-production/commissioning partner for prestige TV series (Angel Heart starring Zac Efron, Neighbors docuseries, and the Ben Stiller-directed Knicks documentary) and series (Hacks).
• Jordan Firstman (Club Kid, Cannes acquisition)coreStrategic or Co-development Partner · 26 May 2026A24 acquired Jordan Firstman's 'Club Kid' for $17 million at Cannes 2026, the festival's most competitive bidding war.
• Apple TV (transactional VOD)coreChannel Partner/ Reseller/ Distributor · 1 January 2026Apple TV is one of the primary transactional and rental distribution partners for A24's film catalog, including Backrooms, The Death of Robin Hood, Mother Mary, and The Drama.
• Amazon Prime Video (transactional VOD)coreChannel Partner/ Reseller/ Distributor · 1 January 2026Amazon Prime Video distributes A24 films transactionally, including Backrooms, The Death of Robin Hood, Mother Mary, and The Drama.
• Fandango at HomeminorChannel Partner/ Reseller/ Distributor · 1 January 2026Fandango at Home is a transactional VOD distribution partner for A24 films including Backrooms, Mother Mary, The Death of Robin Hood, and The Drama.
• KaleidescapeminorChannel Partner/ Reseller/ Distributor · 1 January 2026Kaleidescape is a premium download-to-own distribution partner for A24 films including Backrooms, The Death of Robin Hood, Mother Mary, and The Drama.
• Google Play / YouTube MoviescoreChannel Partner/ Reseller/ Distributor · 1 January 2026Google Play and YouTube Movies are transactional distribution partners for A24 films including Mother Mary and The Drama.
• Hideo Kojima / Kojima Productions (Death Stranding film)coreStrategic or Co-development Partner · 1 January 2026A24 is producing a live-action Death Stranding film with Hideo Kojima, directed by Michael Sarnoski, with filming targeted for 2027 in Iceland and Northern Ireland. Sarnoski submitted a second draft; the film will feature overlapping characters from the games.

Scale indicators14 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Neon: Independent film distribution and production company with a comparable model of festival acquisitions, prestige positioning, and breakout theatrical hits (Parasite, Past Lives). Directly competes with A24 in Sundance/Cannes bidding and theatrical exhibition.
• Blumhouse Productions: Independent horror-led production company with an analogous low-budget/high-ROI model, co-produced Backrooms with A24, and operates a similarly diversified slate across film, television, and gaming. Most directly comparable peer on the horror/genre side of A24's business.
• Annapurna Pictures: Independent film and animation studio producing auteur-driven theatrical releases (Everything Everywhere All at Once distribution). Closely comparable creator-first model with similar scale, though recent financial restructurings highlight indie-studio volatility.
• Miramax: Legacy independent film studio frequently cited as A24's spiritual predecessor (per Variety coverage). Comparable on library value, prestige positioning, and founder-led indie identity, though operating at a different stage and scale.
• STX Entertainment: Independent film and television studio targeting similar mid-budget theatrical and streaming distribution economics. Operates in overlapping competitive space on commercial-leaning indie releases.
• Participant Media: Independent studio focused on issue-driven and prestige content, with comparable awards-season positioning and streaming platform sales model. Recent pivot to more commercial projects reflects similar genre-expansion pressures.
• Magnolia Pictures: Independent film distribution label with comparable festival-acquisition and limited-release model, though smaller scale and more genre/specialty-focused than A24's broader theatrical ambitions.

Broad incumbents

• Focus Features (NBCUniversal): Long-established prestige indie label under NBCUniversal competing with A24 for festival acquisitions (e.g., the Obsession bidding war) and prestige theatrical releases. Broader incumbent with deeper marketing infrastructure but less brand-defining independent identity.
• Searchlight Pictures (Disney): Disney-owned specialty label positioned for awards-season prestige films. Operates in the same theatrical prestige tier as A24 but benefits from Disney's distribution scale and IP synergies.
• Lionsgate: Independent-leaning major studio with a broad film, television, and Starz streaming portfolio. Overlaps with A24 across mid-budget theatrical releases and prestige TV production, though with a different scale and capital structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/A24
• YouTubeyoutube.com/A24Films
• Facebookfacebook.com/A24
• Instagraminstagram.com/a24

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about A24