So you want to generate income as being an independent film producer. Do you even know what must be done to get a film completed? There is an old adage in Hollywood, that it requires “an extreme amount of talent to make even a bad movie”. With that in mind, building a movie is actually a difficult task and every day, rottentomatoes.com are being made and sold to a number of audiences.
Just because there is a story or perhaps a screenplay as well as the talent to produce a movie doesn’t necessarily indicate you can make cash with the film. Today there is a plethora of movies being made: and among those being made, only a small percentage of the films can even make money for their independent producers.
Sure if you make a motion picture for $10,000 and obtain an arrangement that is worth millions such as “Paranormal Activity” you definitely is likely to make money. But “Paranormal Activity” will be the exception not the rule. Plus the advertising plan for that film is in the tens of millions of dollars. Using that kind of promotional dollars the film was sure to make the filmmakers money.
So what can you are doing to make certain your film is really a success? And may you are doing 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 no person watches it.
Maintain your eye on the goal: to generate money as being an independent producer. In case you have never created a film before and they are out to set the entire world on fire, all the best. It probably will not happen. And if your ultimate goal is to produce a living being an independent producer you need to stick to a few basic rules towards that goal.
First of all have a great story and once you turn it into a script have somebody give you advice onto it. The story will need to have a beginning, middle and an end. Sounds simple and easy , simple, but it isn’t always the case. First time filmmakers (and people who aren’t first timers) are generally shooting too much and editing too much time and lose the impact of any good story by putting in a lot of material
Second maintain your budget low and utilize actors that learn 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 stay in your film for the experience.
Third, rehearse and rehearse again. This is related to keeping your financial budget low and having the capacity to put money where it counts. Rehearsing is just one area that may keep the number of takes as low as possible. A good rule of thumb to remember is that indie movies must have E & O insurance policy not lower than $1,000,000 for every claim and $3,000,000 aggregate for many claims with a policy deductible no more than $10,000. A great E & O insurance representative can explain the whole process based on your movie’s unique elements.
You will find those times a producer realizes the first movie budget failed to add a line item expense for E & O insurance or that they had no idea that it would be a needed to get their movie sold and distributed. Once they step to the table to sign a distribution agreement there is no money to cover E & O insurance policy.
It’s not the final around the globe if you discover yourself short on money to have E & O insurance. When a distributor is absolutely hot for a movie they are able to front the cost by way of a carrier they deal with on a regular basis. The indie film producer will not have to fall out of pocket upfront for that cost. Nevertheless the distribution company will recoup the amount of money spent from any sales, commonly iuuryi to as being a “charge back” for the indie film producer.
Be sensible that it’s more than likely the distribution company is not going to get an indie film producer a fantastic rate on E & O insurance. Consider it like buying something on credit you can’t afford and paying a greater monthly interest down the road. But if an indie film producer’s pockets are light money there is not another choice except if you pass on the deal. Easy credit will surely cost indie film producers much more of their future movie profits down the line.
An indie film producer is much better off if they check around for E & O insurance, get a firm quote, and can include that real cost into 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 are able to where you could in production!
Fourth, start looking for a distributor or sales agent before you begin to film. In case you have not talked having a distributor before you start your film do this now. And lastly, have a good paper trail. Many films are never distributed because the producer had hand shake handles everyone. Which could work in school, but in the real world it doesn’t work.