It’s easy to fall into a rut when you’re living inside it, never realizing that things are changing around you. If you’ve spent the last few years working in Hollywood, you’ve probably seen some changes. And then along comes this tidal wave of COVID-19, and everything is disrupted. How long will it take to get back to normal?
While some things will stay the same, there’s plenty out there that is changing in a big way. To survive the movie business now requires more than making a good movie and getting noticed.
When movie theaters shut down, that was a MAJOR change. Films started to be released to Premium TVOD (Premium Transactional Video on Demand). More and more streamers are popping up everyday. The movie business is in a constant state of change. And as it changes, it’s vital that you change with it. So it’s a good idea to take a closer look at some key points that could help you survive the movie business.
How To Survive The Movie Business
There are several disruptions in the movie business that will likely continue. These business declines are worth knowing so you can avoid common pitfalls in your plan on surviving in the movie business:
- The age of huge minimum guarantees (MGs) are gone. You have to adjust your budget accordingly.
- Predicting potential sales is a guess. Forget about comparables in your business planning.
- Movies will either be made on micro budgets or massive budgets. Mid-level budgets are hard to recoup.
Things To Focus On
Some of the above points are obvious. But it’s surprising just how many industry pros fail to think about this stuff.
As the industry changes and physical media disappears, there are plenty of great opportunities for those in the industry to seize upon. Here are some things to think about as you push forward:
- Focus on Cast and try to make a movie in a genre that sells.
- Go to film markets. Learn the business side of it all.
- Building content that appeals to a niche audience is essential.
- Get a team together who understands how to pull something off for a cheap amount and make it look amazing.
Taking The Info And Running With it
Sure. Things are changing. And you’ll have to adapt if you want to survive the movie business.
Despite this disruption, some things will always stay the same. Filmmakers will need to bring a story to life. And filmmakers will need to connect stories with audiences. To achieve these goals, filmmakers will still need to cultivate good relationships with recognizable talent, and figure out how to get a crew and equipment.
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