Sell Your Movie

Lasky's original studio, aka: "The Barn&q...
Lasky’s Original Studio, AKA The Barn –  Image via Wikipedia

If you’ve made a movie or you’re working to make your movie (and I hope you are), you might also be thinking about how you’re going to sell the sucker.

I mean, despite the fact that filmmaking is fun there is a business component to it. If you fail to think in terms of Return On Investment (ROI), then getting money for your next movie is going to be even more difficult than the first, for two reasons:

  1. You’ll need to worry about money to put food on the table.
  2. Your prospective investors will want to see your track record.

As a filmmaker, the other factor we have to consider is our initial budget. Go too high and the chance of return could diminish. Let me explain.

I’ve chatted with a few heavy-hitting friends in the industry (that I hope to interview soon) and there is talk about what I’m going to call the “no-man’s-land” of indie movie production. That is, there is a budget range from roughly 2.5M-10M that is becoming increasingly difficult to finance.

Tax credits and other deals aside – What I’m suggesting is due, in large part to changes in movie distribution and the subsequent challenge of generating enough revenue to recoup the initial investment.

Indie film financing was always a crap shoot – but take away potential sales channels and add the fact that technology now permits virtually anyone to make a decent looking movie and you can begin to understand why this is happening.

While I’m on the subject, I’m not just talking about the indie movies. I’m including studios as well. Thanks to the success of Paranormal Activity,  there is now word that Paramount is going to launch a micro budget division and begin to churn out movies under 100K.

From a business standpoint this makes sense. You invest 100K and you get 100M – That’s pretty good! (Understatement).  But from holy crap perspective, the ripple effect of a studio churning out no-to-low budget movies could potentially rip a hole in the ways Hollywood traditionally operates. (BTW, Paramount is not the first studio to attempt this. But thanks to VOD outlets and more digital projectors in theaters, what didn’t work at this budget level in the past could very well work now.)

Lets talk some numbers…

Traditionally, when movies are financed most people including grips, gaffers, craft services and other crew – they get paid on the front end as part of the movie’s budget. We can also include some agents, managers, lawyers, Teamsters, writers, actors – and mostly everyone else too.

On the micro budget level however, there isn’t enough money up-front to pay these folks what they were formally worth. So there are a few options. Hire less people. Hire non-union folks. And offer to pay Teamsters deferred pay with the added bonus of copy and credit. (I’m adding some humor here – but can you imagine Paramount trying to offer a Teamster deferred pay?)

Ok, so what does this mean for you and your movies? Well just look at the music industry. Recording studios and record companies took a nose dive. But that hasn’t stopped people from making music or making money making music.

Instead of asking some idiot in a suit for permission to make music, musicians can now find their audiences, build a following and sell their music… Without a middle man – globally. That’s pretty amazing.

The same wide open world applies to your movie. Do good work and people will notice. Do bad work, and well, you still have the opportunity to find the 20 people in the world who think you’re brilliant. And in terms of pay structure – I made a joke earlier about deferred pay. But I am not totally opposed to some well structured back end deals. I mean, 1/4th of 1% of 100M is – it’s nothing to sneeze at.

Of course, as we all know there is no guarantee that any movie project will make money. So for you and me and most indies, it will take roughly two years of hustle to churn out a movie that we can be proud of. For the studios, they are going to churn out micro-budget movies like widgets in a factory.  The odds of success, for both of us  – the indie filmmakers and the studio are getting closer equal.

And I think that is something worth celebrating.

Is anyone else excited about this? Please feel free to comment.

Posted under Distribution

Richard Abramowitz Talks About Independent Movie Distribution

The world of motion picture distribution is changing at an amazing rate. Video on Demand and internet outlets like CreateSpace and iTunes are opening up opportunities for independent filmmakers in ways never-before-seen. I have said it before, but it is only a matter of time until all motion pictures (both studio and independent) will be available globally, whenever there is a demand.

Richard Abramowitz is president of Abramorama, a consulting firm specializing in the production, marketing, distribution and representation of independent films. Earlier this week, Richard took a few minutes to answer some questions regarding the current state of independent movie distribution.

Jason Brubaker
Hello Richard. Thanks for taking time to chat with us today.

Richard Abramowitz
It’s my pleasure.

Jason Brubaker
Could you tell our readers a little about what you do and how your business works?

Richard Abramowitz
I do a variety of things related to independently made movies. Most of my day is devoted to marketing and distributing features – both narrative fiction and documentary – theatrically and semi-theatrically.

I also consult with filmmakers during all parts of the process: development, production, distribution, etc., to help them navigate the constantly changing environment and get their films seen.

Jason Brubaker
Where do you find most of your material? Festivals? Submissions? Recommendations?

Richard Abramowitz
I go to quite a few festivals to stay current with what’s being made – and because watching 5 or 6 movies a day is my idea of heaven – but most of the films I work on come to me from recommendations, usually from filmmakers I’ve worked with in the past.

Jason Brubaker
What do you look for when selecting a movie to represent?

Richard Abramowitz
Quality, which is subjective of course; the filmmaker, which is to say, someone who understands the distribution process, or is willing to learn, and participate actively; and, marketability, so that we can define the audience or audiences and determine how to reach them.

I’m interested in a distinctive voice, a filmmaker who’s looking to collaborate, and a film that has an audience or audiences that can be defined and addressed in a cost-effective way.

Jason Brubaker
OK. Let’s say you’re a filmmaker, setting out to make a first feature. What sorts of things do distributors look for when they pick up a movie? For example, over the years we’ve heard countless stories of filmmaker who got a deal based on the DVD cover art or poster. Is this stuff just a myth?

Richard Abramowitz
That kind of thing may have happened some years ago when the video/DVD market was thriving but it doesn’t happen anymore, at least not with any frequency.

I’m interested in a distinctive voice, a filmmaker who’s looking to collaborate, and a film that has an audience or audiences that can be defined and addressed in a cost-effective way.

Jason Brubaker
What format should filmmakers stick to? In the past, it seemed like you had to shoot film or it wasn’t a real movie. Is it now acceptable to shoot HD?

Richard Abramowitz
The technology is the least important aspect of the process at this point. Five or six years ago I released a film that was shot on Super8 and blown up to 35mm. The material worked – thrived – with that look. So I’d say you can use anything that makes sense.

Jason Brubaker
When a filmmaker is deciding on a first feature, based on your experience, would you say there is a genre that seems to have more sales potential?

Richard Abramowitz
As I’ve said, films with definable, addressable audiences are a good place to start. But, to answer more directly, horror films have worked in that way historically, and I’d say gay films, as well.

Jason Brubaker
In sales 101, friends always buy from friends. When representing a movie, how much do your personal relationships with buyers influence a deal?

Richard Abramowitz
I wouldn’t necessarily use the word “friend,” but it certainly helps to have known and worked with people over the years. And, even if you don’t know everyone personally, the reputation you develop over time, combined with a broad scope of associations, makes it easier to reach out to people you need in order to do the right thing on any particular project.

Jason Brubaker
There is a lot of talk in the film community about Video On Demand and how services like CreateSpace and iTunes are altering the distribution model. Do you also utilize these services as an option when working with filmmakers to recoup the investment?

Richard Abramowitz
It’s clear that VOD, et al, are becoming absolutely essential sources of revenue so, yes, that’s part of the equation.

Jason Brubaker
How has VOD affected traditional straight to video outlets?

Richard Abramowitz
VOD, along with a number of other factors, has substantially diminished the value of traditional straight to video outlets.

Jason Brubaker
I know it happens. But these days, how often do independent films get picked up for theatrical distribution? Is this even worth dreaming about?

Richard Abramowitz
It still happens. IFC Films alone must pick up 50 films a year, many of which get some degree of theatrical exposure, but it ain’t like it used to be. I suppose it’s worth dreaming about but I would caution filmmakers to be aware that the dream can turn out to be a nightmare. It’s important to consider how much you’re willing to give up in return for some of those deals and to consider alternative approaches to getting the film out and returning money to investors.

Jason Brubaker
Every so often I receive questions from documentary filmmakers. Given your background, how should a documentary filmmaker approach potential distributors VS those of us who typically focus on narrative features?

Richard Abramowitz
One of the great advantages of documentaries is that each one usually has an obvious, defined audience. If it’s a dance film, demonstrate how the dance audience can be reached. If it’s an environmental film, define that audience so that the potential distributors understand how it might be reached. And look at what other filmmakers have done, for example the folks who make KING KORN or any number of other films.

Do the research. Hand it to them. No one’s going to hand it to you.

Jason Brubaker
And one last question. To help our new filmmakers avoid some serious pitfalls – What do you know now that you wish you knew then?

Richard Abramowitz
Don’t wait for permission.

Posted under Distribution, Interviews with Hollywood