Previous to the screening of his new film, Red State, Smith had hyped ( via Twitter) that he would auction the film from the theater stage directly after its screening. He did just that, but immediately after starting the auction bought the film himself, for a bid of $20. He'll be distributing via his Smodcast Pictures on Oct 19, following a nationwide tour of select cities. Smith nerds will know October 19 as the 17th Anniversary of the release of the film that started it all for him, Clerks.
Said Smith towards the end of his announcement:
Smith went on to announce that his next film, Hit Somebody, which is based on a Warren Zevon song, will be his last directing job. The plan after that is to focus on distributing other aspiring filmmakers' projects through Smodcast Pictures.
“What we want to do is, like, ‘Yes, anybody can make a movie. We know that now. We know that because I’ve made ten, you know what I’m saying? That means anybody can make a fucking movie. What we aim to prove is that anybody can release a movie now as well. It’s not enough to make it and sell it now, I’m sorry.”
I applaud Smith for taking control of his own destiny, but only time will tell how successful this strategy is for his film. He will be selling it directly to movie theaters, and promises a better partnership with them than they currently expect from distributor. Taking a pot shot at his own work, he appealed directly to theater chains:
Here's hoping Red State is a far measure better than Cop Out, then...
As for the retirement claims, I believe 0% that he will never again direct another movie. Never trust a celebrity retirement.