So you want to make money as an independent film producer. Do you have any idea what it takes to get a film completed? There is an old adage in Hollywood, that it takes “an extreme amount of talent to make even a bad movie”. With that in mind, creating a movie is actually a difficult task and each and every day, Kia Jam are being made and sold to many different audiences.
Because you do have a story or even a screenplay as well as the talent to produce a movie doesn’t necessarily mean you could make money using the film. Today there exists a plethora of movies being made: and among those being made, merely a small percentage of the films can even make money for independent producers.
Sure if you make a film for $10,000 and acquire an agreement that is worth millions including “Paranormal Activity” you definitely can make money. But “Paranormal Activity” is the exception not the rule. Plus the advertising budget for that film is at the tens of millions of dollars. With that form of promotional dollars the movie was sure to have the filmmakers money.
Exactly what can you are doing to ensure your film is a success? And may you do it without having to spend your inheritance? Well yes with no. Audiences are fickle. Create a movie you think is great still may flop because nobody watches it.
Keep your eye on the goal: to make money being an independent producer. In case you have never produced a film before and therefore are in the market to set the planet on fire, all the best. It probably will not happen. And in case your ultimate goal is to produce a living as being an independent producer you need to stick to a few basic rules towards that goal.
To start with possess a great story and once you convert it into a script have someone counsel you on it. The tale must have a beginning, middle plus an end. Sounds simple and easy , easy, nevertheless it isn’t always the case. First time filmmakers (and people who aren’t first timers) are typically shooting excessive and editing very long and lose the impact of any good story by putting in a lot of material
Second keep your budget low and use actors that know how to act. This usually means getting actors who have credentials and also have experienced films before. Should you can’t afford to use SAG actors then ask local community theaters for actors and beg them to stay in your film for that 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 will keep the number of takes as low as possible. A good rule of thumb to consider is that indie movies must have E & O insurance coverage not lower than $one thousand,000 for every claim and $3,000,000 aggregate for those claims having a policy deductible no in excess of $ten thousand. An excellent E & O insurance representative can explain the entire process based upon your movie’s unique elements.
You can find those occasions a producer realizes the initial movie budget failed to include a line item expense for E & O insurance or that they had no idea that it will be a needed to have their movie sold and distributed. Once they key to the table to sign a distribution agreement there is no money to pay for E & O insurance coverage.
It’s not the end around the globe if you find yourself short on money to have E & O insurance. In case a distributor is absolutely hot to get a movie they could front the price by way of a carrier they deal with on a regular basis. The indie film producer will not have to get out of pocket upfront for the cost. However the distribution company will recoup the amount of money spent from your sales, commonly iuuryi to being a “charge back” to the indie film producer.
Be realistic that it’s probably 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 afterwards. However, if an indie film producer’s pockets are light money there is certainly not another choice until you pass on the deal. Easy credit will definitely cost indie film producers even more of their future movie profits down the road.
An indie film producer is better off when they check around for E & O insurance, obtain a firm quote, and 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 the money you are able to where you could in production!
Fourth, start looking for a distributor or sales agent before you start to film. For those who have not talked with a distributor before you begin your film achieve this now. And lastly, keep a good paper trail. Many films are never distributed since the producer had hand shake works with everyone. That may work in school, but in the real world it doesn’t work.