So you want to earn 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 level of talent to make even a bad movie”. Bearing that in mind, building a movie is actually a challenging task and each and every day, rottentomatoes.com are being made and sold to a number of audiences.
Simply because there is a story or a screenplay and also the talent to produce a movie doesn’t necessarily mean you may make cash with the film. Today there is a plethora of movies being made: and among those being made, merely a small percentage of the films can make money for independent producers.
Sure if you make a movie for $ten thousand and get an agreement which is worth millions such as “Paranormal Activity” you definitely can make money. But “Paranormal Activity” is the exception not the rule. In addition to the advertising budget for that film was in the tens of vast amounts of money. With this type of promotional dollars the movie was sure to create the filmmakers money.
Exactly what can one does to ensure your film is actually a success? And can one does it without spending your inheritance? Well yes and no. Audiences are fickle. Produce a movie you imagine is wonderful still may flop because no person watches it.
Keep your eye on the goal: to make money being an independent producer. For those who have never produced a film before and are to set the planet on fire, best of luck. It will most likely not happen. And when your primary goal is to produce a living as an independent producer you need to adhere to a few basic rules towards that goal.
To begin with possess a great story and once you convert it into a script have someone counsel you into it. The tale should have a beginning, middle plus an end. Sounds simple and simple, nevertheless it isn’t always true. First time filmmakers (and those that aren’t first timers) are usually shooting a lot of and editing too much time and lose the impact of a good story by setting up a lot of material
Second maintain your budget low and make use of actors that understand how to act. This usually means getting actors who have credentials and also have been in films before. Should you can’t manage to use SAG actors then ask local community theaters for actors and beg them to be in your film for the 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 one area that can keep the amount of takes as low as possible. An excellent rule of thumb to keep in mind is the fact that indie movies needs to have E & O insurance policy coverage not under $1,000,000 for every claim and $3,000,000 aggregate for those claims with a policy deductible no more than $ten thousand. An excellent E & O insurance representative can explain the entire process according to your movie’s unique elements.
You will find those times a producer realizes the initial movie budget did not include a line item expense for E & O insurance or that they had not a clue that it would be a needed to get their movie sold and distributed. When they step to the table to sign a distribution agreement there is absolutely no money to pay for E & O insurance coverage.
It’s not the end around the world if you find yourself short on money to have E & O insurance. If a distributor is absolutely hot for any movie they are able to front the cost through a carrier they cope with regularly. The indie film producer will not have to fall out of pocket upfront for the cost. However the distribution company will recoup the amount of money spent from your sales, commonly iuuryi to as being a “charge back” to the indie film producer.
Be realistic that it’s most likely the distribution company will never receive an indie film producer a great rate on E & O insurance. Consider it like buying something on credit you can’t afford and paying an increased rate of interest afterwards. But when an indie film producer’s pockets are light money there exists not another choice until you pass on the deal. Easy credit will definitely cost indie film producers much more of their future movie profits down the line.
An indie film producer is better off when they browse around for E & O insurance, get yourself a firm quote, and can include that real cost to the overall movie budget before shooting one frame. Making indie movies requires a squeeze a nickel until it bleeds approach. Save each 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. For those who have not talked having a distributor prior to starting your film achieve this now. Lastly, have a good paper trail. Many films are never distributed as the producer had hand shake handles everyone. That may function in school, but in real life it doesn’t work.