Neon CEO: Young Audiences Crave Cinema Over Screens

Neon CEO Tom Quinn has lauded the success of films such as Backrooms and Obsession, noting a significant trend of younger generations, including Gen Z and Gen Alpha, actively choosing theatrical experiences over digital distractions. Quinn believes these films represent a "Blair Witch Project-style moment" for the industry, underscoring the enduring appeal of cinema.

However, Quinn also voiced anxieties regarding the current state of the movie business, criticizing the "Uber-ization" trend which prioritizes stock prices and industry consolidation over creative output. He expressed concern that this focus is diminishing creativity, which he deems essential for the industry's vitality. Quinn expressed gratitude for Neon's independence but acknowledged ongoing discussions about selling a stake in the company.

Further discussing Neon's diverse interests, Quinn highlighted the company's commitment to documentaries, announcing their acquisition of "70 Up." This latest installment in the celebrated UK "Up" series, directed by Asif Kapadia, is described by Quinn as a deeply moving and cherished piece of intellectual property. He also reflected on Neon's consistent success at the Cannes Film Festival, having recently secured its seventh consecutive Palme d'Or win.