So you want to earn money as being 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”. Bearing that in mind, creating a movie is a challenging task and every day, Rotten Tomatoes are being made and sold to a number of audiences.
Simply because you have a story or a screenplay as well as the talent to create a movie doesn’t really mean you may make cash with the film. Today there exists a plethora of movies being made: and among those being made, merely a small amount of the films can make any money for independent producers.
Sure if you make a movie for $ten thousand and acquire an agreement which is worth millions like “Paranormal Activity” you actually can make money. But “Paranormal Activity” will be the exception not the rule. In addition to the advertising budget for that film is at the tens of huge amounts of money. Using that type of promotional dollars the film was certain to create the filmmakers money.
So what can one does to make sure your film is a success? And can you are doing it without spending your inheritance? Well yes and no. Audiences are fickle. Create a movie you think is excellent still may flop because nobody watches it.
Maintain your eye on the goal: to earn money being an independent producer. For those who have never created a film before and they are in the market to set the entire world on fire, good luck. It will most likely not happen. And in case your ultimate goal is to make a living as an independent producer you need to follow a few basic rules towards that goal.
To start with use a great story and when you turn it into a script have somebody counsel you on it. The story should have a beginning, middle as well as an end. Sounds simple and straight forward, nevertheless it isn’t always true. First-time filmmakers (and those that aren’t first timers) are usually shooting a lot of and editing very long and lose the impact of a good story by investing in a lot of material
Second keep your budget low and utilize actors that understand how to act. This usually means getting actors who have credentials and also have experienced films before. If you can’t manage to use SAG actors then ask neighborhood theaters for actors and beg them to be in your film for that experience.
Third, rehearse and rehearse again. This relates to keeping your budget low and having the ability to put money where it counts. Rehearsing is certainly one area that can keep the amount of takes to a minimum. An excellent rule of thumb to keep in mind is the fact that indie movies needs to have E & O insurance policy coverage not less than $1,000,000 for each and every claim and $3,000,000 aggregate for those claims having a policy deductible no greater than $ten thousand. A great E & O insurance representative can explain the entire process based on your movie’s unique elements.
You will find those occasions a producer realizes the initial movie budget failed to incorporate a line item expense for E & O insurance or 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 pay for E & O insurance policy.
It’s not the end around the world if you find yourself short on money to obtain E & O insurance. In case a distributor is really hot for a movie they could front the cost via a carrier they cope with 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 your sales, commonly iuuryi to as a “charge back” for the indie film producer.
Be realistic that it’s probably the distribution company will not receive 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 an increased rate of interest later on. But when an indie film producer’s pockets are light money there is certainly not another choice unless you pass on the deal. Easy credit will definitely cost indie film producers more of their future movie profits down the road.
An indie film producer is better off if 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 takes a squeeze a nickel until it bleeds approach. Save all of the money you can where you can in production!
Fourth, start searching for a distributor or sales agent before you begin to film. If you have not talked having a distributor prior to starting your film achieve this now. And lastly, keep a good paper trail. Many films are never distributed because the producer had hand shake handles everyone. That may operate in school, but in the real world it doesn’t work.