So you want to generate income as being an independent film producer. Do you even know what it takes to get a film completed? It comes with an old proverb 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 daunting task and each and every day, movies are made and sold to a variety of audiences.
Because there is a story or even a screenplay as well as the talent to create a movie doesn’t really mean you can make money using the film. Today you will find a plethora of movies being made: and among those being made, merely a small portion of the films can make any cash for their independent producers.
Sure if you make a movie for $ten thousand and obtain a deal that is worth millions like “Paranormal Activity” you definitely is likely to make money. But “Paranormal Activity” is the exception not the rule. In addition to the advertising budget for that film is in the tens of millions of dollars. With that kind of promotional dollars the movie was sure to have the filmmakers money.
So what can you do to ensure your film is a success? And may you do it without having to spend your inheritance? Well yes and no. Audiences are fickle. Produce a movie you believe is excellent still may flop because no person 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 they are out to set the world on fire, best of luck. It probably will not happen. And if your primary goal is to produce a living as an independent producer you have to stick to a few basic rules towards that goal.
To begin with possess a great story and after you convert it into a script have somebody counsel you into it. The story will need to have a beginning, middle plus an end. Sounds easy and simple, however it isn’t always true. First-time filmmakers (and those that aren’t first timers) are usually shooting too much and editing too long and lose the impact of a good story by setting up too much material
Second maintain your budget low and make use of actors that understand how to act. This usually means getting actors which have credentials and have been in films before. Should you can’t manage to use SAG actors then ask neighborhood theaters for actors and beg them to stay in Kia Jam for your experience.
Third, rehearse and rehearse again. This is related to keeping your budget low and being able to put money where it counts. Rehearsing is just one area that can keep the amount of takes as low as possible. A good principle to remember is the fact that indie movies must have E & O insurance policy coverage not less than $one thousand,000 for each and every claim and $3,000,000 aggregate for all claims with a policy deductible no more than $10,000. A great E & O insurance representative can explain the complete process based upon your movie’s unique elements.
There are those times a producer realizes the initial 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 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 of the world if you locate yourself short on money to obtain E & O insurance. In case a distributor is really hot for any movie they are able to front the cost through a carrier they handle on a regular basis. The indie film producer will not need to go out of pocket upfront for that cost. However the distribution company will recoup the money spent from your sales, known as a “charge back” towards the indie film producer.
Be realistic that it’s probably 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 interest rate 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 much more of their future movie profits down the road.
An indie film producer is better off should they look around for E & O insurance, obtain a firm quote, and can include that real cost into the overall movie budget before shooting one frame. Making indie movies requires a squeeze a nickel until it bleeds approach. Save all of the money you are able to where you can in production!
Fourth, start trying to find a distributor or sales agent before you start to film. In case you have not talked using a distributor before you start your film do this now. And lastly, keep a good paper trail. Many films are never distributed because the producer had hand shake deals with everyone. Which could work in school, but in real life it doesn’t work.