So you want to generate income as an independent film producer. Do you have any idea what must be done to get a film completed? There is an old adage in Hollywood, that it takes “an extreme level of talent to make even a bad movie”. Bearing that in mind, making a movie is a difficult task and on a daily basis, kjam are being made and sold to a variety of audiences.
Just because there is a story or perhaps a screenplay and the talent to create a movie doesn’t necessarily indicate you can make money using the film. Today there is a plethora of movies being made: and among those being made, merely a small amount of the films actually make any money for his or her independent producers.
Sure if one makes a movie for $10,000 and obtain a deal that is certainly worth millions like “Paranormal Activity” you actually is likely to make money. But “Paranormal Activity” is definitely the exception not the rule. As well as the advertising budget for that film is at the tens of vast amounts of money. Using that type of promotional dollars the movie was bound to create the filmmakers money.
So what can you do to make sure your film is a success? And may one does it without spending your inheritance? Well yes and no. Audiences are fickle. Produce a movie you believe is great still may flop because no one watches it.
Keep your eye on the goal: to earn money being an independent producer. For those who have never created a film before and are in the market to set the planet on fire, all the best. It probably will not happen. And if your goal is to make a living as being an independent producer you must follow a few basic rules towards that goal.
To start with possess a great story and when you transform it into a script have somebody counsel you onto it. The history will need to have a beginning, middle plus an end. Sounds easy and simple, but it isn’t always the case. Very first time filmmakers (and those that aren’t first timers) are typically shooting too much and editing very long and lose the impact of any good story by investing in a lot of material
Second maintain your budget low and make use of actors that know how to act. This usually means getting actors who have credentials and also have been in films before. In the event you can’t manage to use SAG actors then ask local community theaters for actors and beg them to stay in your film for the experience.
Third, rehearse and rehearse again. This is related to keeping your finances low and having the capacity to put money where it counts. Rehearsing is one area that will keep the quantity of takes as low as possible. A good principle to remember is that indie movies must have E & O insurance coverage not under $1,000,000 for each claim and $3,000,000 aggregate for many claims having a policy deductible no in excess of $10,000. An excellent E & O insurance representative can explain the entire process according to your movie’s unique elements.
You can find those occasions a producer realizes the first movie budget did not incorporate a line item expense for E & O insurance or they had not a clue that it will be a needed to have their movie sold and distributed. Whenever they key to the table to sign a distribution agreement there is absolutely no money to cover E & O insurance policy.
It’s not the end around the globe if you find yourself short on money to obtain E & O insurance. When a distributor is actually hot for any movie they could front the fee via a carrier they handle regularly. The indie film producer will not need to go out of pocket upfront for the cost. Nevertheless the distribution company will recoup the cash spent from any sales, commonly iuuryi to as being a “charge back” towards the indie film producer.
Be realistic that it’s most likely the distribution company will never have an indie film producer a great rate on E & O insurance. Think about it like buying something on credit you can’t afford and paying a higher monthly interest down the road. But when an indie film producer’s pockets are light money there is not another choice unless you pass on the deal. Easy credit will cost indie film producers more of their future movie profits down the road.
An indie film producer is way better off should they check around for E & O insurance, obtain a firm quote, and may include that real cost in to the overall movie budget before shooting one frame. Making indie movies requires a squeeze a nickel until it bleeds approach. Save all the money you can where one can in production!
Fourth, start searching for a distributor or sales agent prior to starting to film. If you have not talked having a distributor before you begin your film achieve this now. Lastly, have a good paper trail. Many films are never distributed since the producer had hand shake deals with everyone. That may function in school, but in the real world it doesn’t work.