Life of the film producer; part 5

165 views
137 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
165
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Life of the film producer; part 5

  1. 1. LIFE OF THE FILM PRODUCER: PART 5  If a producer cannot gain financial support for their project from a studio, finding alternate sources of financing is essential.  Studios don’t like to invest money into a production that only brings in $1 to $2 million in profits.  Independent film production - is applied to any production company that is not directly affiliated with a major film corporation.  An independent producer- works outside the influence of the studio and gets finances privately.  Banks  Business owners  Wealthy Friends  Relatives.  Being independent means that the producer keeps the control over the project.  A producer who has retained the rights to project can make separate deals for distribution of the film to various theatres as well.  When distribution rights are kept, the producer will then receive more of the profits that are brought in by the film.  The independent producer will know exactly how much money he can spend because he makes his own budget depending on how much money he has received from investors.  For a picture to reach a level where bet profits finally come into play, it must earn back the cost of production, prints and advertising and any fees that a studio may add along the way. For a studio picture, the earnings must be anywhere from 3-7 times the initial cost of the film before a profit is established. On the other hand, an independently financed film could reap the benefits of a "gross deal." The producer establishes this type of deal with a distributor in which the producer receives their profit directly from the amount of revenue brought in by the film. In the later case, the success of the film will be much more profitable for the producer.“For the independent film, it is obvious that word of mouth is essential for the success of thefilm. Because the budget of the film is a major factor in production, it is safe to assume thatthe millions of dollars a studio may spend to promote their feature will not be available forindependently produced films. The Blair Witch Project was a very successful film at theSundance film festival where the word spread like wildfire. It was considered one of thescariest and most original films to be released in recent years. “

×