The head of the VC firm that invested several hundred million dollars in A24 a year ago says the indie producer-distributor’s “extraordinary” momentum could lead to a large international business and potential acquisitions.
As is their wont, A24 executives are not talking publicly, but Stripes partner Ken Fox did speak with Deadline soon after the studio’s record-setting Oscar haul, highlighted by Everything Everywhere All at Once.
The company’s nine wins included Best Picture, Best Director and all four acting categories (counting Brendan Fraser’s triumph as lead actor in The Whale).
Stripes, which primarily buys into software and consumer-facing businesses, invested $225 million in A24 last March, leading the first institutional financing since the studio was founded in 2012.
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