Many Filmmakers, like everyone else effected by COVID-19 are itching for some level of a return to normalcy. Unfortunately, like many others think that there may never be a full return to normal. It may well end up as a pre-COVID and a Post COVID period. Similar to how the world changed before and after the great depression, 9/11, The internet, or World War II. Societal traumas tend to leave lasting scars, and that tends to effect the market as a whole and certain industries in meaningful ways. So let’s look at what one executive producer thinks is likely to happen in the film industry as a result.
If you’re going to read and understand your distribution agreement, then there’s some terminology you have to grasp first. So with that in mind, here’s a breakdown of some key terminology you ABSOLUTELY need to know if you’re going to get traditional distribution for your film.
2019 was a quite a year for most of us, and while we’re entering 2020 with more stable an economic footing than we’ve expected, there are definitely some notable industry trends heating up that I thought weigh in on a bit and let those of you who frequent my tiny corner of the internet know my thoughts on the matter.
AFM this year will be interesting. Here’s the current state form someone who’s been going for 10 years, and has been a Practicing Producer’s rep for 6 years. Two quick things before we get started. First, You should definitely go to AFM at least once. It’s eye opening, and if I hadn’t done it I probably wouldn’t have a career.
Second: These opinions are mine alone, and have not been approved, endorsed, or otherwise condoned by the International Film and Television Alliance (IFTA) owner of the American Film Market. (AFM is also a Registered Trademark of the IFTA.)
Much of my job as a producer’s rep is negotiating deals on the behalf of filmmakers. However, now that I’m doing more direct distribution, I’m realizing there are several things about this process that most filmmakers don’t understand. As I tend to write a blog whenever I run into a question enough that I feel my time is better spent writing my full answer instead of explaining it again, here’s a top level guide on the process of negotiating an independent film distribution deal.
Filmmakers Ask me about Recoupable Expenses all the time. A lot of filmmakers think that recoupable expenses mean money they have to pay. Except in some VERY limited circumstances, that’s not the case.
A recoupable expense is simply an expense that a distributor or sales agent fronts to your film. Another way of looking at this is that your distributor is your last investor, as they’re putting in a zero interest loan in the form of paying for fees and services necessary to take the film to market. Most of the time, the distributor will need to get that money back before they start paying the filmmaker. Distributors and sales agents have businesses to run and general put money into anywhere between 24 and 60 of films every year. Without the ability to recoup what we put in, distributors would not be able to continue to invest in new films.
If you want to understand how best to market something, you need to first understand the steps that a customer would take in buying it. This isn’t just true for film, it’s true for everything any entrepreneur might want to sell. It’s called the purchase process or purchase cycle. Here’s what it looks like for film.
I get A LOT of questions about how best to make money with short films. It’s something that I think is inherently appealing to most filmmakers, to start making a little bit of passive income from every project they make. Unfortunately, while possible, it’s not that easy, and the reasons why are relatively simple.
The Distributor’s job is largely to make your film available for sale, and set it up in such a way that people are likely to buy it. Some will work to market your film, but most won’t. Even when they do market your film, you helping market your work will make the marketing your distributor does much more effective. However, there are some basic rules that you should follow to make sure everything goes as well.
If you think your work is over when you finish making your film, and someone will just give you a few hundred grand more than it cost to make it so you can make your next one then you’re in for a real wake-up call. Sadly, there’s no money in making films, only in selling them, and the work of selling them is no longer solely on your distributor. Or, at least you shouldn’t count on it being that way. Here’s why.
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AuthorMy name is Ben, I'm an Entrepreneur, Producer's Rep, and Author. I'm the founder of Guerrilla Rep Media, Co-Founder/CMO of ProductionNext, and founder of Producer Foundry. Together, the organizations seek to help make filmmaking a more economically sustainable endeavor. I am dysic, I have capitalization issues, and the blogs are often unedited. opinions all my own. Join my Mailing List for FREE Resources!I'm happy to offer a FREE Resource Package to anyone who joins my mailing list. You'll also recieve monthly digests of my articles and other valuable resources.
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