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439 - Daril Fannin - The Wild Story Behind A24's Acquisition of Undertone and the New Rules of Independent Film in 2026

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Hello, Hello! 

In this episode, we welcome back Daril Fannin, founder and CEO of Kino Studios, to celebrate the major milestone of his horror film Undertone being acquired by A24 and its theatrical run, which generated over $9 million in opening weekend box office on a $500,000 budget. Daril shares the journey of bringing Undertone from the Fantasia International Film Festival to Sundance and ultimately to wide release, while discussing A24's unique and authentic marketing approach that helped the film connect with audiences in a meaningful way. The conversation also dives deep into the independent film ecosystem, the economics of filmmaking, the role of social media and AI tools in modern content creation, and what it truly means to "make it" in Hollywood.


We also talk about:

  • The debate around Rotten Tomatoes and Metacritic and how much critical scores actually influence moviegoers' choices, including an audience poll revealing that 56% of viewers say critics don't influence their decisions at all
  • The viral social media post by an art director on the film Obsession, who expressed frustration about her low pay despite the film's massive financial success, and what that reveals about systemic economic inequity in the independent film industry
  • The rise of Neuralink and the broader philosophical conversation about AI integration into human life, including comparisons to Brave New World, social media data harvesting, and the future of human creativity and autonomy
  • Why horror is the new comedy in 2026, and how films like Undertone, Obsession, Iron Lung, and Backrooms are proving that audience-first, word-of-mouth driven indie horror is the most viable path for independent filmmakers today
  • The power of resilience in the creative journey, with Daril sharing personal reflections on bouncing back from failure, surrounding yourself with the right people, and the importance of not sharing your biggest ambitions with those who can't understand the artist's path


People, Places, Products, and Websites Mentioned:

Platforms, Tools & Services

Claude / Claude Pro (Anthropic)

Cowork (Claude's agentic desktop app)

Rotten Tomatoes

Metacritic

IMDb

Letterboxd

Neuralink

Gemini

Collection Account Management Agreement (CAMA) 

FilmChain 

Films

 Undertone (Kino Studios / A24)

 Obsession (Curry Barker)

 Iron Lung

 Backrooms (Kane Parsons / A24)

 The Matrix

 Raiders of the Lost Ark

 Gladiator

 Dumb and Dumber

 The Mask

 Ace Ventura: Pet Detective

 Malcolm & Marie

 High School Musical

 Sinners

 Oppenheimer

 Hamnet

 The Deer Hunter

 Nuremberg (Russell Crowe)

Wedding Crashers

Star Wars: The Phantom Menace (Episodes I–III)

Creed III

Ant-Man and the Wasp: Quantumania

How to Train Your Dragon (2025)

Black Phone 2

Regretting You

Avengers: Endgame

Spider-Man: No Way Home

Project Hail Mary

The Terminator

Weapons (Zach Cregger)

The Drama (Zendaya / Robert Pattinson)

The Curious Case of Benjamin Button

Meet Joe Black

People — Industry & Public Figures

Daril Fannin (Kino CEO)

Ian Tuason (director of Undertone(see note)

Nina Kiri (lead, Undertone)

Rick Rubin

Rainer Maria Rilke

Jordan Peele

Markiplier

Curry Barker (Obsession)

Kane Parsons (Backrooms)

Sally Choi (art director, Obsession)

Kevin Goetz

Jim Carrey

Mason Thames

Zendaya

Robert Pattinson

Hayden Christensen

Russell Crowe

Harrison Ford

Brad Pitt

Tom Cruise

Jonathan Majors

Forest Whitaker

Tyler Perry

Ben Stiller

Will Ferrell

Adam Sandler

Steve Martin

Siskel and Ebert

Peter Travers

Lon Harris

Cinema Joe

Christopher Nolan

Elon Musk

Mark Zuckerberg

Dick Gregory

Kevin Hart

Show Team (internal — no public links)

Joey "Bags" von Haeger

Books

The Creative Act: A Way of Being (Rick Rubin)

Brave New World (Aldous Huxley)

Nineteen Eighty-Four (George Orwell)

The Crossroads of Should and Must (Elle Luna) 

Companies & Organizations

Kino Studios

A24

Neon

Blumhouse

Village Roadshow

Orion Pictures

Artists Equity (see note)

Anthropic

DGA

SAG-AFTRA

IATSE

Rolling Stone

Fantasia International Film Festival

Sundance Film Festival

SXSW

Alamo Drafthouse

Cannes Film Festival


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