So you want to make money as being an independent film producer. Do you even know what it requires to get a film completed? There is an old adage in Hollywood, that it requires “an extreme level of talent to make even a bad movie”. Knowing that, making a movie is a difficult task and each and every day, kjam are being made and sold to a number of audiences.
Because there is a story or a screenplay and the talent to make a movie doesn’t necessarily indicate you could make money with the film. Today there is a plethora of movies being made: and among those being made, only a small amount of the films actually make money for his or her independent producers.
Sure if one makes a movie for $ten thousand and get an arrangement that is certainly worth millions including “Paranormal Activity” you certainly can make money. But “Paranormal Activity” is definitely the exception not the rule. Plus the advertising budget for that film is at the tens of vast amounts of money. With that form of promotional dollars the movie was bound to make the filmmakers money.
So what can you are doing to ensure your film is a success? And can you are doing it without spending your inheritance? Well yes with no. Audiences are fickle. Create a movie you think is great still may flop because no one watches it.
Keep your eye on the goal: to make money as being an independent producer. If you have never made a film before and they are out to set the planet on fire, good luck. It will most likely not happen. And in case your ultimate goal is to make a living being an independent producer you need to adhere to a few basic rules towards that goal.
To start with use a great story and after you turn it into a script have someone give you advice on it. The tale will need to have a beginning, middle as well as an end. Sounds easy and straight forward, however it isn’t always the case. First time filmmakers (and people who aren’t first timers) are usually shooting too much and editing too long and lose the impact of any good story by setting up too much material
Second keep your budget low and utilize actors that learn how to act. This usually means getting actors that have credentials and have been in films before. In the event you can’t manage to use SAG actors then ask neighborhood theaters for actors and beg them to stay in your film for that experience.
Third, rehearse and rehearse again. This is related to keeping your financial budget low and being able to put money where it counts. Rehearsing is certainly one area that may keep the quantity of takes to a minimum. A good principle to consider is the fact indie movies needs to have E & O insurance coverage not under $1,000,000 for each claim and $3,000,000 aggregate for those claims with a policy deductible no greater than $10,000. A great E & O insurance representative can explain the complete process based upon your movie’s unique elements.
You will find those times a producer realizes the first movie budget did not include a line item expense for E & O insurance or that they had no clue that it will be a needed to obtain 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 plan.
It’s not the final around the world if you find yourself short on money to have E & O insurance. In case a distributor is really hot to get a movie they can front the fee via a carrier they handle frequently. The indie film producer will not have to get out of pocket upfront for the cost. Nevertheless the distribution company will recoup the amount of money spent from the sales, commonly iuuryi to as a “charge back” for the indie film producer.
Be sensible that it’s most likely the distribution company is not going to get an indie film producer a fantastic 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 except if you pass on the deal. Easy credit will surely cost indie film producers much 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, get yourself a firm quote, and can include that real cost into the overall movie budget before shooting one frame. Making indie movies needs a squeeze a nickel until it bleeds approach. Save all of the money you are able to where you could in production!
Fourth, start searching for a distributor or sales agent before you start to film. For those who have not talked with a distributor before you start your film do so now. Lastly, keep a good paper trail. Many films are never distributed as the producer had hand shake deals with everyone. That may work in school, but in the real world it doesn’t work.