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| Feature | Major Studio (e.g., Warner Bros.) | Independent Production (e.g., A24) | | :--- | :--- | :--- | | | Shareholder return, IP longevity | Critical acclaim, niche audience capture | | Risk Profile | Extremely risk-averse (sequels, remakes) | Risk-tolerant (auteur-driven, unconventional) | | Budget Range | $150M – $300M+ | $5M – $30M | | Marketing | Global saturation ($100M+ campaigns) | Grassroots, festival strategy, social media | | Exhibition | Wide release (3,000+ screens) | Platform release (slow expansion) | | Example | Barbie (2023) – Existing IP + star power | Everything Everywhere All at Once (2022) | Netflix, Amazon, and Apple TV+ initially promised a