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 […]

The film tax incentive known as “Section 181” is due to expire at the end of this year, removing one enticement producers have been using to convince investors to finance independent feature films. Part of the American Jobs Creation Act of 2004, Section 181 allowed investors to write off the complete cost of a qualified film in the first year. (Normally, this write-off is amortized, occurring in future years as a film demonstrates that it is money-losing.) If and when profits then occur, they are treated as ordinary income by investors. At the close of 2009, Section 181 was similarly […]

In sticking with our “Do Your Homework” theme, this week on the conversation we dissect one aspect of the micro-budget equation – crowdfunding. As someone who is about to use Kickstarter for the first time, I felt it was best to leave you in the capable hands of someone who had not only successfully met his goal, but who doubled it. Zak Forsman is no stranger to the world of microbudget filmmaking and I love his advice on crafting a great campaign. At IFP week I heard tons of questions from filmmakers on how to wrestle the task of a […]

Shortly after hitting send on this week’s newsletter, in which I wondered whether our current economic situation is similar to 2008, I came across this Reuters article by Joshua L. Weinstein, which wonders pretty much the same thing. Both he and I riff off this week’s Dow roller coaster ride, and while the Friday close was more optimistic than might have been expected on Tuesday, the macro challenges facing both the investment community and consumers remain. Hence, a potentially rocky road ahead. From Weinstein: But Hal Vogel, of Vogel Capital Management and the author of Entertainment Industry Economics: A Guide […]