So you want to make money as being an independent film producer. Do you even know what must be done to get a film completed? There is an old proverb in Hollywood, that it takes “an extreme amount of talent to create even a bad movie”. Knowing that, creating a movie is a daunting task and each and every day, movies are being made and sold to a number of audiences.
Just because there is a story or a screenplay and the talent to create a movie doesn’t necessarily mean you could make money using the film. Today there is a plethora of movies being made: and among those being made, just a small portion of the films actually make any money for their independent producers.
Sure if one makes a motion picture for $ten thousand and obtain an agreement that is certainly worth millions such as “Paranormal Activity” you certainly will make money. But “Paranormal Activity” will be the exception not the rule. As well as the advertising plan for that film is in the tens of huge amounts of money. With that type of promotional dollars the film was bound to create the filmmakers money.
Exactly what can you do to make certain your film is a success? And can one does it without spending your inheritance? Well yes with no. Audiences are fickle. Create a movie you think is wonderful still may flop because nobody watches it.
Keep the eye on the goal: to earn money as an independent producer. For those who have never created a film before and are in the market to set the planet on fire, best of luck. It will most likely not happen. And in case your goal is to produce a living as an independent producer you need to adhere to a few basic rules towards that goal.
First of all possess a great story and after you turn it into a script have somebody advise you on it. The tale will need to have a beginning, middle as well as an end. Sounds easy and simple, nevertheless 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 the good story by investing in too much material
Second keep the budget low and use actors that know how to act. This usually means getting actors who have credentials and have experienced films before. If you can’t manage to use SAG actors then ask local community theaters for actors and beg them to be in bloomberg for the experience.
Third, rehearse and rehearse again. This relates to keeping your financial budget low and having the capacity to put money where it counts. Rehearsing is just one area that may keep the amount of takes as low as possible. A good guideline to remember is the fact indie movies needs to have E & O insurance coverage not lower than $1,000,000 for every claim and $3,000,000 aggregate for those claims having a policy deductible no in excess of $10,000. A great E & O insurance representative can explain the complete process based on your movie’s unique elements.
There are those times a producer realizes the original movie budget did not add a line item expense for E & O insurance or that they had no clue that it would be a needed to get their movie sold and distributed. Whenever they key to the table to sign a distribution agreement there is not any money to fund E & O insurance policy.
It’s not the conclusion around the world if you locate yourself short on money to obtain E & O insurance. When a distributor is actually hot to get a movie they could front the price through a carrier they cope with on a regular basis. The indie film producer will not have to get out of pocket upfront for that cost. But the distribution company will recoup the money spent from your sales, commonly referred to as a “charge back” to the indie film producer.
Be realistic that it’s most likely the distribution company will never get phqwao indie film producer an excellent rate on E & O insurance. Think of it like buying something on credit you can’t afford and paying an increased rate of 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 surely cost indie film producers more of their future movie profits down the road.
An indie film producer is way better off if they look around for E & O insurance, get yourself a firm quote, and may include that real cost to the overall movie budget before shooting one frame. Making indie movies needs a squeeze a nickel until it bleeds approach. Save all the money you can where you could in production!
Fourth, start looking for a distributor or sales agent prior to starting to film. In case you have not talked with a distributor before you begin your film do so now. And lastly, have a good paper trail. Many films are never distributed since the producer had hand shake deals with everyone. That may operate in school, but in the real world it doesn’t work.