This blog is a result of a comment I posted on Scott’s article, 15 Steps to Take After You Finish Your Script. People have always discouraged “readings” for investors, and I know why. They are usually boring for a number of reasons. Now I’ll lay out how my producing partners and I successfully raised money for our first film by staging readings. First, here’s a little backstory on what led us to this idea that everyone tells you not to do. Our journey started in 1998 when my writing partner Ralph Stein and I first wrote the script for When […]
While the concept of dropping into the world’s largest film event and competing with 999 other short filmmakers for the industry’s attention may seem like a Survivor-like TV show, it’s the reality each year for participants in Cannes’ Short Film Corner. Many of the filmmakers who screen their works in the basement of the Palais are arriving in Cannes for the first time, and the event is a crash course in networking and navigating the business side of film markets. “You can get lost in a sea of films,” admits filmmaker Bradley Montesi (pictured here with producer Elle LaMont), attending […]
When the JOBS Act was passed into law last month, I immediately wondered about the effect it would have on the crowdfunding of independent feature films. Many independent films are successfully raising into the six figures by banking on the generosity of their supporters and giving them only creative, non-monetary rewards. But the JOBS Act, as detailed by Matthew Savare and Richard Jaycobs at Filmmaker, allows filmmakers to seek actual equity investors via crowdfunding platforms. These platforms, like Kickstarter, will have to register with the SEC and provide investors with various disclosures. Some filmmakers are excited by these new regulations, […]
A filmmaker asked me, “Do you think I can raise $400,000 on Kickstarter?” I told her that that sounded like a lot. Start-up technology companies using Kickstarter as, essentially, a customer-financed pre-buy platform, are raising in the seven figures. But $400,000 would be on the high-end of a feature film raise. Blue Like Jazz raised about $350,000, and that was based on a New York Times best-seller. Koo did great with Man-Child, scoring about $125,000, but he spent a couple years seeding his campaign by building an audience at No Film School. But as I was talking, I realized the […]
The JOBS (Jumpstart Our Small Businesses) Act, a collection of six bills intended to make it easy for small businesses to raise capital by relaxing various Securities and Exchange Commission requirements, including those related to crowdfunding, passed the Senate yesterday. It is now headed back to the House for reconciliation and could become law next week. While the House version of the bill passed swiftly with bipartisan backing, its passage through the Senate was rockier, with some Democrats and progressives warning that the bill would dilute necessary investor protections contained in the 2002, post-Enron Sarbanes Oxley Act. The bill exempts […]
The JOBS (Jumpstart our Business Startups) Act, which passed the House last week, has stalled in the Senate over criticism by Democrats over some of its provisions, including those related to crowdfunding, the strategy being used today by many independent filmmakers. Currently, it is illegal to use crowdfunding platforms like Kickstarter and Indiegogo to solicit actual investments. Monies pledged on these platforms are donations usually lacking any tax benefit or further income possiblity for the funder. (Or, increasingly, they are pre-buys for a specific goods or services.) The JOBS Act aims to change that, allowing businesses, including filmmakers, to solicit […]
Troublemaker Studio’s Aaron Kaufman hosted a panel titled “Making it Happen: Financing an Independent Film” at SXSW this year, gathering together fellow execs Katie McNeill (V.P. of Production, Electric City Entertainment, the new venture between producers Lynette Howell and Jamie Patricof) and Garrick Dion, Senior Vice President of Development at Bold Films, and a co-producer of Drive (pictured). (Troublemaker, of course, is the production company of Robert Rodriguez.) The three offered thoughts on how to develop and put together projects able to financed in today’s independent film marketplace as well as tips on keeping that development on track. Here are […]
The original King of Indie Abel Ferrara made a stop at Emir Kusturica’s Küstendorf Film and Music Festival this January to screen his latest film 4:44 Last Day on Earth. The Loisaida-set film paints a picture of addiction at the end of the world, starring Willem Dafoe and Shanyn Leigh. Ferrara felt very welcome at Küstendorf, Emir Kusturica’s wooden village high in the mountains of Mokra Gora. “We just kinda have a connection, other than I look like him,” Ferrera told me of the famed Serbian director, minutes before entering a workshop to discuss the film with students who had descended […]
As 2011 comes to a close, here, based on Google Analytics, are this site’s top ten posts of the year. 1. 25 New Faces of 2011. I mean, of course — what else would have been our top traffic-getter of the year? As it does every year, the unveiling of our 25 New Faces list outpaced everything else on the site by almost three to one. And one thing I’m especially proud of — at the time we pick them, the people on this list are real discoveries. As I look at lists with similar ambitions on other sites, I’m […]
Karen Mintz has just finished shooting her documentary, The Recomposer of The Decomposed, about the forensic artist Frank Bender, who died recently. She is about to move into the post-production phase. I had the opportunity to meet with her and her producer Simon Egleton and talk about her film, the pros and cons of no-budget filmmaking, and the friend that she made, and also lost, during the process. Filmmaker: Can you start by telling me a little about how you became a filmmaker and what your background is? Mintz: I started working in production 15 years ago. I just kind […]