The two shock smash hits of the year were discussed at the San Sebastian Film Festival's Creative Investors' Conference This year’s back-to-back phenomenon of “Obsession” and “Backrooms,” two low-budget horrors that have now earned in excess of $900 million globally, sparked a predictable frenzy in the industry as producers and studios began looking for the next YouTube genre stars ready to make the leap to feature film. But for a group of sales execs and financiers speaking at the San Sebastian Film Festival‘s Creative Investors’ Conference, while it was — of course — something to be celebrated, the success of the two films, described as an “anomaly,” shouldn’t automatically guide where the industry moves to find the next hit. Raj Singh of Media Capital Technologies described “Obsession” and “Backrooms” as individual “black swan events,” in that they were scenarios that were highly unlikely to happen.
It’s something that people have really responded to. So it’s really about having a great script and great vision from the filmmaker. I think it would be really sad if all of us just wrote off a certain genre because it’s difficult.”
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