So you want to make money as being an independent film producer. Do you have any idea 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, building a movie is a difficult task and on a daily basis, rottentomatoes.com are being made and sold to many different audiences.
Just because you have a story or perhaps a screenplay and the talent to make a movie doesn’t necessarily mean you may make money with the film. Today there is a plethora of movies being made: and among those being made, only a small portion of the films can make money for independent producers.
Sure if you make a movie for $10,000 and get a deal which is worth millions such as “Paranormal Activity” you definitely will make money. But “Paranormal Activity” is definitely the exception not the rule. In addition to the advertising budget for that film is at the tens of millions of dollars. With that type of promotional dollars the film was bound to make the filmmakers money.
Exactly what can you are doing to ensure your film is actually a success? And will you are doing it without spending your inheritance? Well yes and no. Audiences are fickle. Make a movie you think is wonderful still may flop because no person watches it.
Keep your eye on the goal: to generate money as an independent producer. For those who have never created a film before and therefore are in the market to set the entire world on fire, all the best. It probably will not happen. And in case your primary goal is to produce a living as an independent producer you have to follow a few basic rules towards that goal.
First of all use a great story and after you convert it into a script have someone give you advice onto it. The tale must have a beginning, middle as well as an end. Sounds simple and straight forward, however it isn’t always the case. Very first time filmmakers (and people who aren’t first timers) are typically shooting a lot of and editing too much time and lose the impact of a good story by investing in too much material
Second keep your budget low and use actors that understand how to act. This usually means getting actors who have credentials and possess been in films before. If you can’t manage to use SAG actors then ask local community theaters for actors and beg them to be in your film for your experience.
Third, rehearse and rehearse again. This relates to keeping your finances low and having the capacity to put money where it counts. Rehearsing is one area that will keep the amount of takes to a minimum. A good principle to keep in mind is the fact that indie movies should have E & O insurance policy not under $1,000,000 for every claim and $3,000,000 aggregate for those claims with a policy deductible no greater than $ten thousand. A good E & O insurance representative can explain the entire process according to your movie’s unique elements.
There are those times a producer realizes the first movie budget did not add a line item expense for E & O insurance or they had no clue that it might be a needed to obtain their movie sold and distributed. Once they step to the table to sign a distribution agreement there is no money to fund E & O insurance coverage.
It’s not the conclusion around the world if you discover yourself short on money to get E & O insurance. In case a distributor is actually hot for any movie they can front the fee through a carrier they handle frequently. The indie film producer will not have to get out of pocket upfront for the cost. However the distribution company will recoup the money spent from any sales, commonly iuuryi to being a “charge back” to the indie film producer.
Be sensible that it’s probably the distribution company will not get an indie film producer a fantastic rate on E & O insurance. Think of it like buying something on credit you can’t afford and paying a greater interest rate later on. 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 surely cost indie film producers more of their future movie profits down the road.
An indie film producer is way better off should they look around for E & O insurance, get yourself a firm quote, and can include that real cost in to 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 trying to find a distributor or sales agent prior to starting to film. If you have not talked with a distributor before you begin your film do so now. Lastly, have a good paper trail. Many films are never distributed since the producer had hand shake works with everyone. Which could operate in school, but in real life it doesn’t work.