A24 Secures Investment from Thrive Capital, Valuation Reaches $3.5 Billion

A24, the renowned indie studio known for its unique and edgy films, has just received a major investment from Thrive Capital, led by Joshua Kushner. The investment of $75 million has boosted A24’s valuation to $3.5 billion, marking a significant milestone for the studio.

This news comes as A24 continues to expand its reach into more commercial projects, with bigger budgets and A-list talent. The studio, which has always been filmmaker-first, has gained a reputation for taking risks and supporting new directing talent. With hits like “Moonlight” and “Hereditary,” A24 has solidified its place in the industry.

The studio’s recent success with projects like “Everything Everywhere All at Once” and “Euphoria” has further cemented its status as a powerhouse in the entertainment world. Despite not always seeing massive box office returns, A24’s commitment to unique storytelling has garnered a loyal fan base.

With upcoming projects like “The Smashing Machine” and a collaboration with Steven Spielberg’s Amblin Entertainment, A24 shows no signs of slowing down. The studio’s partnership with Thrive Capital will undoubtedly help fuel its growth and support groundbreaking storytellers.

Overall, A24’s latest investment is a testament to its innovative approach to filmmaking and its dedication to pushing boundaries in the industry. Fans can expect even more exciting projects from the studio in the future.