A larger market for independent films worldwide is emerging, and I don’t think the industry has fully taken on board the consequences yet. Let’s set the scene…Film in the early 20th century was a local affairFor most of the modern film industry, language set the practical limits of a film’s market. By the 1970s and 1980s, Hollywood was no longer treating foreign markets as a bonus on top of domestic success. At the same time, audiences in many non-English-speaking territories became accustomed to consuming foreign films with subtitles or dubbing. Each of these changes is reshaping the market for movies, but taken together, they may completely reframe who the market is for.