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| Neon | |
| Company type | Subsidiary |
| Industry | Film industry |
| Predecessor | Radius |
| Founded | January 13, 2017; 8 years ago (2017-01-13)[1] |
| Founder |
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| Headquarters | , U.S. |
Key people | |
Number of employees | 60 (as of March 2025)[3] |
| Parent | 30West[4] |
| Divisions |
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| Website | neonrated |
NEON Rated, LLC,doing business asNeon (stylized inall caps), is an Americanindependent filmproduction anddistribution company founded in 2017 by CEO Tom Quinn andTim League, who also was the co-founder of theAlamo Drafthouse Cinema chain.[1] As of 2019, League is no longer involved with daily operations for the company.[6]
Its first film,Colossal, was released in 2017.[7] The company became known for distributing such notable films asI, Tonya (2017),Parasite (2019),Portrait of a Lady on Fire (2019),Palm Springs (2020),Flee (2021),Spencer (2021),The Worst Person in the World (2021),Triangle of Sadness (2022),Anatomy of a Fall (2023),Anora (2024),Longlegs (2024),The Seed of the Sacred Fig (2024), andThe Monkey (2025).[8][9]
Parasite went on to become Neon's highest-grossing film at the worldwidebox office with $262 million and the first non-English-language film to win theAcademy Award for Best Picture.[10] In 2024,Longlegs had a domestic box office gross of $74.3 million, becoming the distributor's highest-grossing film ever in North America.[11]Anora became the company's second film to win the Academy Award for Best Picture.[12] Neon has also worked with several high-profile filmmakers, which includesSean Baker,[13]Bong Joon Ho,Julia Ducournau,Craig Gillespie,Pablo Larraín, andCéline Sciamma.[14]
During the 4th Annual Zurich Summit, Tom Quinn commented on Neon's intent to release titles that appeal to audiences who "skew under 45, that have no aversion to violence, no aversion to foreign language and to non-fiction".[15] Reflecting on their early approach, Quinn stated in 2024: "We were very much a startup, with everyone functioning as this sophisticated amoeba. [...] That work enabled us to sit at the table in Toronto that year and buyI, Tonya. Before the ink was even dry on the deal, we were planning itsOscar campaign. It's a testament to how quickly we can make decisions because we're not this big studio. We've always used that to our advantage."[16]
In September 2017, the company partnered withBlumhouse Productions to manage BH Tilt.[17] In 2018, a majority stake of Neon was sold to30West, the media venture arm of "The Friedkin Group".[4][18] In February 2021,Bleecker Street partnered with Neon to launch the joint home entertainment distribution companyDecal, which is a standalone full-service operation that handlesdistribution deals on the home entertainment rights to both Neon and Bleecker Street's features. The first film to be distributed through Decal was the Bleecker Street releaseSupernova in winter 2021.[5] Additionally, Decal acquired North American distribution rights to the South Africanhorror filmGaia for a summertheatrical release, marking their first ever acquisition.[19]
Andrew Brown (Co-President of Decal) oversaw the launch of Neon's home entertainment division. In 2022, Brown was promoted to "President of Digital Distribution". The exec, who has served as "SVP of Digital Strategy, Marketing, and Distribution" for Neon since 2017, also manages Neon's library, and oversees the annualFYC DVD Box Set anddirect-to-consumer digital portal "Neon Cinema".[20] Prior to the joint-venture,Universal Pictures Home Entertainment, as well asThe Criterion Collection andWell Go USA Entertainment (for the filmPossessor which Neon and Well Go co-distributed), distributed several Neon films onhome video.[21][22][23]
During the2023 Hollywood labor disputes, which took place from May 2 to November 9, Neon was approved to continue promotional activities for its films since the company does not have ties to theAlliance of Motion Picture and Television Producers (AMPTP) nor had encountered any issue in receivingSAG-AFTRA interim agreements.[24][25][26]
In August 2023, Neon hired formerA24 employees Alexandra Altschuler as "VP Media" and Don Wilcox as "VP Marketing".[27] That same month, Neon hired former Sierra/Affinity employee Kristen Figeroid as "President of International Sales and Distribution", Laurel Charnetsky as "VP International Acquisitions & Operations", and Dan Stadnicki as "Manager, International Sales & Distribution".[28] In May 2024, Neon hired Joey Monteiro as "EVP, International Marketing" and Ashley Hirsch as "Manager of International Sales and Marketing".[29] That same month, Neon promoted Elissa Federoff from "President of Distribution" to "Chief Distribution Officer" and Ryan Friscia from "EVP, Finance and Business Development" to "Chief Financial Officer".[30] Furthermore, Jeff Deutchman, who joined Neon when it was launched, serves as "President of Acquisitions and Production".[31]
Additionally, Neon has acquired the distribution rights to sixPalme d'Or winners at theCannes Film Festival:Parasite (2019),Titane (2021),Triangle of Sadness (2022),Anatomy of a Fall (2023),Anora (2024), andIt Was Just an Accident (2025); all six won consecutively.[31][32][33] The company's strategy to acquire such titles at Cannes is to eschew "the lazy approach", said Deutchman. "The only real way to do Cannes is to go see as many movies as you can, because you never know where the nextDogtooth orBorder orHunger orForce Majeure is going to come from", he added, citing several modern Cannes standouts championed by arthouse buyers.[31] After acquiringParasite in 2018, Neon financed and distributed the film the following year in U.S. territories.[34] "From the very beginning, Tom Quinn sawParasite as a universal film and refused to put it in a box as a foreign-language or international film", saidParasite directorBong Joon Ho. "He saw the heart of the film and understood that it was about all of us living in our modern class-based society. I was always grateful for that."[16] Neon spent $20 million promoting, distributing, and campaigning for the film's awards.[3] The film subsequently became Neon's highest-grossing film with more than $200 million at the worldwidebox office and won fourAcademy Awards, includingBest Picture andBest Director. Similarly, Neon spent $18 million promotingAnora, three times the film's original budget.[3]Anora ultimately won the two aforementioned Academy Awards whileAnatomy of a Fall andTriangle of Sadness were nominated for the same two categories, among others. As of March 2025, Neon has garnered 39 Academy Award nominations, winning 11 overall.[10][12][35]
In 2023, Quinn commented on the company's success at Cannes, saying: "We've seen over the years that each of these films, because of their credibility and success, the Palme d'Or has come to mean something quite impactful for a very young group ofcinephiles. And the reason why we know this is we've tested all these movies and dating back toParasite, probably I think, the fifth reason why people came to see the film, in itstest screening inSherman Oaks, was the fact that it won the Palme d'Or, and each subsequent year that went up. And this year, the number one reason why people came to see the film [Anatomy of a Fall], at a test screening inBurbank, was the fact that it had won the Palme d'Or."[36] In 2024, Quinn stated: "The award means a lot. To audiences here who are looking for the absolute most adventurous, forward-looking cinema available, that award represents it because these films have delivered, and they've been major Oscar contenders."[16]
In July 2024, Neon had its biggest opening weekend at the box office with the horror thriller filmLonglegs with $22.6 million from 2,510 theaters (including $2.5–3 million in Thursday previews). It placed second for the weekend, behindUniversal/Illumination's second weekend ofDespicable Me 4. Initially projected to gross $7–9 million, the opening marked the biggest total for an original horror film of 2024, one of the top 20 weekends for an independent film and the best opening ever for an independent horror film.[37][38][39] To promote the film, Neon utilizedguerrilla marketing tactics similar to those used byThe Blair Witch Project (1999).[40] DirectorOz Perkins credited Neon for the film's marketing, stating the studio "really responded strongly to the movie, the raw materials of the movie really excited them, the way it looks, the way it feels, the way it sounds. They asked me early on, 'Do we have your permission to kind of go nuts?' And I said, 'What else are we doing here? Go for it. Do your thing.'"[41] The film's total marketing budget was under $10 million, focusing ondigital content and not havingtelevision ads.[37] During its third weekend,Longlegs became the company's highest-grossing film at the domestic box office, earning $58.6 million, surpassing whatParasite earned with $53.3 million in 2020.[11] Furthermore, it became the top grossing R-rated horror film of 2024 and the highest-grossing indie horror film of the last decade, topping A24'sTalk to Me (2022),Insidious: Chapter 3 (2015) fromFocus Features, and A24'sHereditary (2018).[11] Afterward, furthering their marketing campaign, from August 1 to 4, Neon (partnering withAtom Tickets) offered free tickets to anyone who has a birthday that falls on the 14th of any given month. To get the tickets, those who registered and purchased tickets through Atom Tickets received a special promo code after verifying their date of birth and were able to get one free ticket per customer, while supplies lasted.[42]
At the78th Cannes Film Festival in May 2025, Neon won their sixthPalme d'Or in a row for Iranian filmmakerJafar Panahi'sIt Was Just an Accident.Joachim Trier'sSentimental Value won theGrand Prix, whileÓliver Laxe'sSirāt was tied for theJury Prize andKleber Mendonça Filho'sThe Secret Agent wonBest Director for Mendonça andBest Actor forWagner Moura.[43]
| Rank | Title | Year | Worldwide gross | Ref. |
|---|---|---|---|---|
| 1 | Parasite | 2019 | $262,608,117 | [44] |
| 2 | Longlegs | 2024 | $126,942,386 | [45] |
| 3 | The Monkey | 2025 | $68,511,703 | [46] |
| 4 | Anora | 2024 | $56,286,295 | [47] |
| 5 | I, Tonya | 2017 | $53,939,297 | [48] |
| 6 | Ferrari | 2023 | $43,601,123 | [49] |
| 7 | Anatomy of a Fall | 2023 | $36,051,506 | [50] |
| 8 | Immaculate | 2024 | $35,340,015 | [51] |
| 9 | Triangle of Sadness | 2022 | $26,195,743 | [52] |
| 10 | Perfect Days | 2023 | $25,609,472 | [53] |
