So you want to earn money 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 takes “an extreme quantity of talent to make even a bad movie”. With that in mind, making a movie is actually a daunting task and each and every day, Rotten Tomatoes are being made and sold to a variety of audiences.
Simply because you do have a story or a screenplay and the talent to make a movie doesn’t necessarily indicate you may make money with the film. Today you will find a plethora of movies being made: and among those being made, just a small amount of the films can even make any money for independent producers.
Sure if one makes a movie for $ten thousand and acquire a deal that is worth millions including “Paranormal Activity” you definitely is likely to make money. But “Paranormal Activity” is the exception not the rule. As well as the advertising budget for that film was in the tens of huge amounts of money. With that kind of promotional dollars the movie was sure to create the filmmakers money.
Exactly what can you do to make certain your film is a success? And may one does it without having to spend your inheritance? Well yes without any. Audiences are fickle. Produce a movie you believe is great still may flop because nobody watches it.
Keep your eye on the goal: to earn money as an independent producer. If you have never produced a film before and are out to set the entire world on fire, good luck. It probably will not happen. And if your goal is to create a living as being an independent producer you need to follow a few basic rules towards that goal.
First of all have a great story and once you convert it into a script have someone advise you into it. The tale must have a beginning, middle plus an end. Sounds simple and easy, but it isn’t always true. First-time filmmakers (and those that aren’t first timers) are typically shooting excessive and editing very long and lose the impact of the good story by setting up a lot of material
Second keep your budget low and utilize actors that know how to act. This usually means getting actors which have credentials and possess experienced films before. If you can’t afford to use SAG actors then ask neighborhood theaters for actors and beg them to stay in your film for your experience.
Third, rehearse and rehearse again. This is related to keeping your budget low and having the capacity to put money where it counts. Rehearsing is certainly one area that can keep the amount of takes as low as possible. An excellent principle to keep in mind is that indie movies must have E & O insurance policy coverage not under $one thousand,000 for every claim and $3,000,000 aggregate for all claims having a policy deductible no greater than $ten thousand. A great E & O insurance representative can explain the entire process based upon your movie’s unique elements.
There are those times a producer realizes the initial movie budget failed to incorporate a line item expense for E & O insurance or they had no idea that it will be a needed to have their movie sold and distributed. When 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 conclusion of the world if you find yourself short on money to have E & O insurance. If a distributor is actually hot to get a movie they could front the price through a carrier they handle frequently. The indie film producer will not need to fall out of pocket upfront for the cost. Nevertheless the distribution company will recoup the cash spent from the sales, commonly iuuryi to as being a “charge back” to the indie film producer.
Be realistic that it’s probably the distribution company is not going to get an indie film producer an excellent rate on E & O insurance. Consider it like buying something on credit you can’t afford and paying a greater interest rate down the road. But when an indie film producer’s pockets are light money there is not another choice until you pass on the deal. Easy credit will cost indie film producers more of their future movie profits down the line.
An indie film producer is better off should they look around for E & O insurance, get yourself a firm quote, and include that real cost in 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 can where you can in production!
Fourth, start looking for a distributor or sales agent prior to starting to film. For those who have not talked using a distributor prior to starting your film do this now. And finally, keep a good paper trail. Many films are never distributed as the producer had hand shake deals with everyone. That could function in school, but in real life it doesn’t work.