Industry Leaders Converge at Toronto’s Access Canada Summit
Top industry figures gathered in Toronto from September 7 to September 10, 2023, for the Access Canada Summit, presented by The Hollywood Reporter. The event took place during the Toronto Film Festival and highlighted the shifting landscape of the entertainment industry amid a decline in traditional streaming models. Industry executives and creatives were urged to remain adaptable as the business evolves, presenting both challenges and opportunities.
During a panel discussion, Scott Roxborough, European bureau chief for The Hollywood Reporter, emphasized the need for flexibility. “Every business model that we thought was set in stone is completely up for grabs,” he stated. He noted the turmoil in independent film and commercial television, suggesting that the current conditions represent both “the worst of times and the best of times” for creators willing to explore new avenues.
The conversation also turned to the globalization of the entertainment industry. Maer Roshan, Editor-in-Chief of The Hollywood Reporter, pointed out that international influences are increasingly shaping American culture. He highlighted the success of South Korean films and music as evidence of this trend. “I wasn’t born in America, so I always have known how important the rest of the world is,” Roshan remarked during a panel moderated by Jeanie Pyun, deputy editorial director of The Hollywood Reporter.
The summit underscored the importance of international partnerships and co-productions. Rising production costs and shrinking budgets in the U.S. media landscape have made collaboration essential. A notable example discussed was Netflix’s comedy “North of North,” set in Canada’s Arctic region, which is a co-production with the local CBC and APTN. Sally Catto, general manager of entertainment at the CBC, described the partnership as a creative endeavor, not merely a financial arrangement. “If we are really putting our creators and talent first to tell the best stories, we can’t do it on our own,” she said.
Another emerging trend highlighted at the summit was the resurgence of film audiences, particularly younger viewers, returning to cinemas. Mia Galuppo, a film writer at The Hollywood Reporter, noted that many filmmakers are now prioritizing theatrical releases over larger streaming paychecks. For instance, Emerald Fennell’s adaptation of “Wuthering Heights” chose a Warner Bros. theatrical release instead of a streaming debut, following the success of films like Brad Pitt’s “F1” at the box office.
Despite these positive signs, discussions raised questions about the sustainability of this recovery. Scott Feinberg, executive editor of awards at The Hollywood Reporter, expressed concern about the trend toward sequels and reboots. He cited the recent re-release of Steven Spielberg’s “Jaws” on its 50th anniversary, alongside the success of “KPop Demon Hunters,” which became Netflix’s most-viewed movie. “I really wonder what the takeaway is going to be for all of us,” Feinberg said.
While some industry experts remain hopeful, others warn that studios may continue to focus on established franchises rather than taking risks on original content. Steven Zeitchik, senior editor for technology and politics at The Hollywood Reporter, noted that studios might prefer re-releases over new projects as they seek safer financial options. “It’s much easier and cheaper to re-release stuff, to not take a flyer on something completely new and original,” he cautioned.
The summit also showcased the capabilities of Canadian creatives and executives. Justin Stockman, vice president of content development at Bell Media, emphasized the potential for Canadian talent to return home for new projects. He stated that many Canadian creators currently work abroad on larger budgets that the local market cannot support. Bell Media is forging partnerships with various production companies to develop original scripted series.
“We’re trying to find the Canadians that would love to work in Canada, but just need more money to do projects that are worthy of their talent,” Stockman said. The summit provided a platform for emerging creators to engage with established industry figures, fostering connections and insights into trends such as artificial intelligence and international co-productions.
Jennifer Abram, senior vice president of content and marketing at Corus Entertainment, highlighted a shift in the industry towards collaborative partnerships. “It’s been liberating, because the collaboration, the creative conversations, are richer,” she noted. This approach aims to expand the reach of Canadian content on global stages.
The Access Canada Summit provided valuable insights into the evolving dynamics of the entertainment industry, emphasizing the importance of adaptability, collaboration, and international partnerships. As the Toronto Film Festival continues through September 10, the future of the industry remains a topic of vigorous discussion among its players.
