SUNDANCE 2012 DISTRIBUTION DEAL BREAKDOWN BY SECTION
Note from Orly: This blog post was researched and written by Bryan Glick, a new addition to the TFC family. Forthcoming will be an analysis of the actual releases out of the festival from past fests and this year’s. This will be a group effort on the part of all of us and we welcome any and all info. And now let us begin…
With SXSW just around the corner, now is the perfect time to look at the world of deal making at this year’s Sundance Film Festival. Over 100 films had their world premiere at the festival. Almost half of them now have some form of distribution in place but the numbers vary greatly based on what section the film screened in. On the high end is the Premiere section. With over 80% of the films getting acquired. Unfortunately things aren’t as rosy for films that were part of the World Dramatic section. Only one film has been bought thus far. The (#/#) below indicates how many films per section were “bought”.
WORLD DRAMATIC- (1/14) Only the film “Wish You Were Here” was bought by a North American distributor (Entertainment One). It also is in English with a somewhat-name cast.
WORLD DOCUMENTARY- (6/12) “Payback” (Zeitgeist) and “Putin’s Kiss” (Kino Lorber) were both bought before the festival. The latter, after playing IDFA. “5 Broken Cameras” was also bought Kino Lorber. Indomina couldn’t resist “The Imposter” and SPC got “Searching for Sugar Man”. “Indie Game: The Movie” was bought by HBO to be remade as a television series. They opted to reject other offers that would have included a theatrical run but they are doing their own DIY theatrical.
US DOCUMENTARY- (7/16) “Marina Abromovic: The Artist is Present” was an HBO DOC coming in and HBO also bought “Me @ The Zoo” prior to Sundance starting. Sundance Selects snagged both “Ai Weiwei: Never Sorry” and “How to Survive a Plague”, Magnolia opened the gates to “The Queen of Versailles” and unsurprisingly National Geographic went for “Chasing Ice”. Most recently, The Film Collaborative sold this year’s audience award winner, “The Invisible War” (the deal is being announced in a couple of days).
US DRAMATIC- (7/16) “Beasts of the Southern Wild” and “The Surrogate” were both bought by Fox Searchlight. “Safety Not Guaranteed” is the first Sundance film to be acquired by Film District. AFFRM, run by Ava Duverney the director of “Middle of Nowhere” will be releasing the film in partnership with Participant. “Nobody Walk” was one of the many Magnolia acquisitions at the fest, and not to be outdone IFC took “Simon Killer”. “LUV” was the only film from the section to score a television deal, which it was able to do as part of its theatrical deal with Indomina. It will premiere on BET. It is worth noting that 5 of the 7 films that have sold were award winners. The only award winning film from this section not to sell yet is “Smashed”.
NEXT- (3/9) These films are all relatively low budget and tend to fly more under the radar than the US Dramatic films. Since they were cheaper to make they are also far more likely to get their investment back. “28 Hotel Rooms” wooed over Oscilloscope, while Magnolia added “Compliance” to their buying spree. The Film “Mosquita Y Mari” was acquired by Wolfe Releasing. The Film Collaborative negotiated the low 6-figure deal and will do the theatrical release.
MIDNIGHT- (5/8) Magnet already had “Tim and Eric’s Billion Dollar Movie” going into the festival. “V/H/S” was also bought Magnet, which is the genre arm of Magnolia. LD Entertainment won the bidding war for “Black Rock”, “The Pact” will be released by IFC Midnight, and “Excision” made the cut for Anchor Bay.
PREMIERE- (13/16) Not surprisingly, this is the section that produced the most deals and also some of the largest deals of the festival. The Weinstein Company’s new Radius VOD Label acquired “Lay The Favorite” And “Bachelorette”. Samuel Goldwyn and Sony partnered to get “Robot and Frank”. “Arbitrage” was acquired by Roadside Attractions and will utilize the same day and date VOD approach that was done with “Margin Call”. IFC added “Predisposed” and Liberal Arts” to their packed slate. Meanwhile Imagine took “GOATS”, Focus nabbed “For a Good Time Call”, SPC took “Celeste and Jesse Forever”, CBS Films opted for “The Words, Millenium went with “Red Lights”, Magnolia snatched up “2 Days in New York” and ATO got in the game with “Shadow Dancer”
Notably absent from this list and still seeking distribution is “Red Hook Summer” which is the latest film from Spike Lee. The other two films (“Price Check” and “California Solo”) from the section yet to sell both did not premiere until the second half of the festival.
DOC PREMIERE- (5/8) “Ethel”, “The D Word”, and “About Face” all had HBO DOC deals going into the festival. “Something From Nothing: The Art of Rap” Was acquired by Indomina and “West of Memphis” wound up in the hands of SPC. “Room 237” was also bought out of the New Frontier section which is known for more experimental film-making IFC will release it.
FINAL THOUGHTS
THE BIG PLAYERS this year were smaller and mid-level distributors. HBO Docs had the most films in the festival going in but IFC and Magnolia left with acquisitions from multiple programming sections and each got some of the most sought after films. Indomina acquired three films, all of which were in competition. Fox Searchlight also went big by acquiring two of the biggest films in competition. Compared to last year though, they were relatively tame. With the recent acquisition of “West of Memphis” SPC has rights to three films from the festival. Leaving empty handed were The Weinstein Company’s main label, Open Road Films, and Relativity. All of these companies went looking for films that they could take wide; given their absence it would seem unlikely that there are many “Little Miss Sunshine”s from Sundance 2012. Which might explain why
VOD is IN. Many of the deals include VOD as a central component. Whether or not any can duplicate the success of “Margin Call” remains to be seen. That said filmmakers and distributors alike were far more willing to embrace the opportunities that VOD enables. Rare exceptions were films such as “Black Rock” which opted to reject a number of VOD centered offers. They will instead have a traditional theatrical run.
BIGGER ISN’T NECESSARILY BETTER when it comes to making your money back. While several films in the premiere section were able to get seven figure deals, it was far from enough to cover their budgets. Meanwhile smaller films like “The Pact” and “Mosquita Y Mari” were able to recoup and then some.
FINALLY, If your favorite film hasn’t been bought yet, that doesn’t mean it won’t get bought in the future or follow a solid DIY approach. “Being Elmo” was not bought until several months after Sundance last year but has gone on to gross over $250,000 theatrically. And films are still getting bought from the 2011 festival. “Restless City” was just acquired by AFFRM.
South By Southwest, here we come!
More Sundance deal analysis to come too…
Orly Ravid March 2nd, 2012
Posted In: Digital Distribution, Distribution, Film Festivals, Theatrical
Ten (10) Tips to Filmmakers
It was truly delightful being at IDFA. Great films, panels, parties, and I even worked in a quick museum visit. The city of Amsterdam is fantastic.
Here is a recap of some of the tips I presented to filmmakers at IDFA, and some examples. For you veteran producers/directors this may be gratuitous but others find these useful so here we go, and similar to the Four Agreements, reminding and repeating can only serve to reinforce:
1. BUDGET FOR MARKETING & DISTRIBUTION: Budget for Marketing & Distribution even if you think you want a sales agent and distributor(s). This money will still be useful and will also afford you the ability to execute DIY even if it’s a backup plan. I recommend at least 10%-20% of your budget, depending on how big it is. By having some money set aside you will be able to properly market your film at festivals and markets and also well-positioned to do DIY distribution should you want to, and also for things such as E&O insurance (required by Hulu and Netflix for example) and deliverables for digital etc. Any investor or supporter should be happy to see this budget line item as part of your plan.
2. BUILD COMMUNITY | DEVELOP A LONG TERM CONNECTION WITH COMMUNITY AROUND YOUR FILM: Designate someone who is intimately connected with your film to be engaged in the work of building community around your film well in advance of the film being finished. Six months is not too long, in fact more is better. And doing the grassroots outreach and social network marketing around your film cannot just be you trying to sell your film. Rather, it must be authentic communications and participation in dialog and discussions that are relevant to the film. Sheri Candler and Jon Reiss also discuss this at length in our co-authored book which has good examples (Selling Your Film Without Selling Your Soul). Only a small percentage of your communications should be about your film in a sales oriented way, otherwise you will turn people off. If you continue to collect emails and continue to grow your community then you will have a bigger support system for your film at each stage of its release and of course for your next works. Several filmmakers in our book have done this very well.
3. KNOW YOUR AUDIENCE: Know who your audience is. Sheri Candler suggests being super detailed about that, really specific. And as Jon Reiss also notes, be clear about how your audience consumes films. I always recommend one think about preceding films that have tapped into similar audiences and that you can relate your film to. This will help resolve what can work well or not and you can even hopefully access some of the contacts from another filmmaker. Some films for example are much more ripe for educational distribution, monetizing festival distribution, and also television sales. Other films may not be suitable for all three of these but just one but may also do better via transactional VOD and/or SVOD. Some films lend themselves to corporate sponsorship or under-writting (e.g. Revenge of the Electric Car which got Nissan to sponsor, after the film was made) whereas a small film about a specific local issue in a third world country may not be viable for such financial and marketing support. The key is to note that most films do not appeal to most people and that if you are trying to appeal to general audiences you better have tens of millions of dollars to do it, and if not, be specific, be niche, targeted, grassroots oriented about it and authentically clear about who you are speaking to so that you know how to speak to them and when and where. Some films demand to be owned while others do very little sell through business but rent very well and work on television well.
4. KNOW YOUR GOALS. People on a filmmaking team may have different goals but it is important to note yours and the hierarchy of them so you can plan accordingly. If changing the world is your top goal that will yield a specific strategy that may not completely coincide with making money, or it can, depending on your film. Hence all the above-points and this one go together. If changing the world and making money are equally important and your film is not one that will likely do a lot of sell-through business you may find all the more reason to monetize offering the film for free, whether via YouTube, SNAG, or underwriting free airings on PBS (in US) or Hulu (for example) but this way you will reach broader audiences, build awareness for your film and monetize it in other ways (via ad-support, sponsorship, increased transactional business because of the awareness, and maybe even a reverse window theatrical if your film proves its audience traction). But it’s very hard to resolve the best plan without being clear internally about the priority of your goals. (Please note one can also sell the film to PBS in the US).
5.DON’T SHY FROM A BUSINESS PLAN. IT DOES NOT MAKE YOU DIRTY. Having a business plan will help you know what you don’t know and help you plan ahead and be able to effectively market and distribute your film and achieve your goals. Plan ahead. It’s a must and does not make you dirty or any less creative, just more sustainable. You will fall behind and lose opportunities or make mistakes otherwise. Digital distribution strategies vary per film and are quite individual so planning ahead will help make sure you execute the best plan for your film and know best how to respond to opportunities at markets and festivals that present themselves. Also, if you are comparing your film to others in order to resolve goals and a plan, make sure the other films are relevant either in terms of timing or scope. For example what happened in the 1990’s is really not a viable comparison today. Also remember if you are looking at THEATRICAL GROSSES, the distributor gets usually at most 50% of that revenue or even as little as 25 – 40% and there are expenses to get there, sometimes rather big ones depending on the release so your plan needs to be based on the real and complete set of information.
6. THE THREE Ms | CARVE UP RIGHTS | TIMING OF DIGITAL: The THREE (3) M’s are: MIDDLE MEN, MONEY, and MARKETING. Before giving rights to anyone you need to be clear if you are dealing with a Distributor, Aggregator or Platform. It is important to know that these are not the same, and yet, they are CONFLATE! SNAG is now for example both a PLATFORM and an AGGREGATOR. Some SALES AGENTS are now acting as AGGREGATORS or trying to. However the key is before giving rights to anyone, especially a sales agent or distributor, one wants to know how DIRECT the entity is with the places you want your film to be and at what terms. In the digital distribution realm, which is eclipsing DVD quickly, if you think of platforms as stores, you would want to be in all the good ones at the very least, and you will be better served being only once removed at most. Most good platforms are not direct with filmmakers so one middle man is usually unavoidable, but two really starts to be terrible for you financially. Also in terms of fees that an aggregator or distributor can take, 15% is a fee we approve of, and sometimes as much as 25% is acceptable but not more than that generally speaking. Platforms themselves usually take 30%-50% (but not all platforms have the same deal with all aggregators or distributors so you will also want to evaluate that). The other thing to analyze is what sort of marketing the entity taking your rights will do to earn their fee. The higher the fee the more they should be doing for you in terms of handling delivery and marketing. An example, the Oscar shortlisted film We Were Here has seven (7) different companies involved in the North American distribution alone, and can sell off the websites(s) too. Always carve out the ability to sell off your site(s). If you are ever confused about this please feel free to contact us for advice.
7. AFFILIATE RELATIONSHIPS WITH ORGANIZATIONS, FESTIVALS & CORPORATE / MEDIA SPONSORSHIP: The sooner you identify the organizations, media or corporate sponsors that may want to be connected to your film and help you either via outreach or financial support or both, the better. And corporate sponsors especially need at least 6 months of lead time or even a year or more so better to approach early and guess what? YOU WILL NEED TO SHOW THEM YOUR DISTRIBUTION PLAN. With NGOs you can do a lot to both change the world and generate more revenue and we recommend giving them the incentive of an affiliate relationship (whether for theatrical, DVD, VOD or all of the above). Also festivals you’ve shown it can and should let their members / audiences know about your film when it comes out. An example from our book is Ride the Divide (a Jon Reiss case study). The filmmakers premiered the film on a small US television channel called Documentary Channel (which they sold to) and this was coordinated with the transactional digital on iTunes and they also debuted with a free screening period on YouTube which launched their partnership with non-profit organization Livestrong with which they have an affiliate relationship.
8. KEY ART: BIG & SMALL: First of all I want to remind people that sometimes it does serve a film to have two campaigns and that is not necessarily bad or confusing marketing. For example a film that is both speaking to a niche community but also wants to change the world and speak to a more general and mainstream community may have two different art works. But one has to try to integrate the two because of course brand recognition is key and the whole point of festival and theatrical distribution is to have a film be known in the public consciousness so keep that in mind when choosing publicity and marketing images. Also remember, your key art will have to work small so even if you are doing theatrical posters and want good art for that, you need to make sure your image(s) works as a thumbnail image on the web.
9. MANY WAYS TO DO THEATRICAL: In the US this topic has been covered quite a bit. In Europe doing theatrical in a non-traditional manner is still under construction. However we are inspired by what Dogwoof does in terms of Pop Up Cinemas and a Dutch documentary mini showcase of sorts that Sean Farnel explained to me and which I have to research better (in fact I am probably even explaining it incorrectly here). But the key is for European festivals and organizations to help filmmakers with a solution that eliminates the need to accept theatrical defeat if one’s film is not bought by a traditional distributor or would be bought only via deleterious terms. This may also take the burden off of MEDIA needing to fund quite as much because after all, most films do not need to be on screen five (5) times a day seven (7) days a week to mostly very few people most times. But what they do need to is to engage with public audiences, get some key publicity and buzz. One new interesting company in the US that may inspire is a digital / virtual theatrical service company called CONSTELLATION www.constellation.tv Another one is Emerging Pictures which is a service that networks theaters for event theatrical / hybrid theatrical. this is a cost-effective way to achieve the goals of theatrical without the burdensome expense. Of course if one is qualifying for an Oscar there are specific theatrical guidelines that are unavoidable but even that is more doable via the IDA, for example.
10. STAY CURRENT: Digital distribution changes weekly, at least monthly. Different ways of working windows changes so stay current, ask around, and always ask more than one person.
One last EXTRA TIP for the road: Don’t ever write your blog post in Word Press directly without constantly saving draft as I just did because then if it freeze, which mine did, you will have to start all over again!
Distribute in Peace,
– Orly
Orly Ravid November 25th, 2011
Posted In: Digital Distribution, Distribution, Distribution Platforms, DIY, Film Festivals, International Sales, Marketing, Uncategorized
Going to Market with Your Film, Cannes 2011
TEN TIPS for FILMMAKERS
Going to Market or Seeking Distribution
Going to a festival / market such as Cannes is exciting. Wine is often cheaper than water. Almost anything you eat there tastes better than almost anything you’ll eat here, even though it is a tourist trap. Somehow, no matter how many carbs one eats, one usually still loses weight either because of the hustling and bustling or the fact that the French make their food lighter even when it’s rich and they don’t use preservatives when we do…. ahh France. But, I digress.
When searching for distribution at or in preparation for, a festival or market, be clear about your goal and the amount of responsibility you have to your investors. You should be conducting a lot of research before you ever hit the market floor to identify which companies will be a good fit for your film. Depending on your knowledge, experience, willingness to take responsibility and the type of film you have, it may be advantageous to sell your film on your own, or it may be better to use a sales agent. Much is entailed with selling a film in different territories and formats and if you do not have experience in doing so, you may be better off working with someone who does. I have some tips for you to follow regardless of how your film will be sold. The Film Collaborative can help filmmakers who have decided to handle their own sales by evaluating contracts and guiding them through the process without taking the filmmakers rights, but it does depend on the filmmaker’s willingness to actively solicit buyers in the first place. Attracting suitable buyers is a time consuming and costly process (travel, marketing, sales skills), so if you have no interest in doing this, it is better to delegate that work (and your rights) to a sales agent. Before signing on the dotted line with ANYONE, (sales agent or distributor) you will need:
1. REFERENCES: Get references, and then call or email the *other* filmmakers the company has worked with. I am only partly teasing. You should be able to find a list of current clients on their website and you can research contact details for those people. It’s great to contact the references actually given, but sometimes it gives a clearer picture to contact a few at random. You’ll be shocked by how useful this can be to either comfort you that you are doing the right deal or protect you from being stuck in a deal you should not have done. The Film Collaborative has set up a Distributor ReportCard (a sort of “Yelp of Indie Film Distribution”) to help in the research of this. Check out our Distripedia™ section on our website www.TheFilmCollaborative.org
2. CAP EXPENSES: Define and cap all recoupable expenses and evaluate those based on projections. Spending $30,000 – $50,000 – $75,000 – $250,000 ++ is not inherently bad or good. It depends on the upside and the reasoning. Be clear about what the expenses are for, how much is approved, and if you and 8, 10, or 12 other people are being charged back for the exact same bill. Let’s not let that happen. Are you paying for a party in Cannes? Maybe that is what is needed to attract buyers…just make sure that you are choosing to do so and that it makes sense. If the expenses are for distribution, have an idea about P&A budgets for different types of releases, the size of the release, the realistic projection of return and how long that return might take. The bigger the release (theatrical to many cities, large advertising spend, high cost publicists), the more expense is incurred and likely the longer it will take to recoup. And one should have a clear sense of the objectives and projections of the theatrical so one can properly analyze expenses.
3. RIGHTS vs RIGHT TO SELL RIGHTS: Distinguish between the right to represent the rights (example, traditional sales agency could choose to do vs taking all rights) and vs having rights to actually directly distribute (example a sales agency that takes all rights so that it can also then directly do digital distribution or a buyer who buys multi territories but then has other companies do the distribution in most of them, or a company that does not do its own theatrical or its own digital or its own DVD. Extra middlemen mean extra fees means less $$$ to you. You may want a company to have both and take care of it all for you and maybe it’s even the most advantageous deal because of relationships and best terms. Just know what the deal terms will be instead of realizing after the fact. This is especially critical when fees and expenses come into play. You may not want or need your sales agent to directly distribute to digital platforms if you can manage this yourself or they don’t end up even doing that in unsold territories but have your rights anyway, or maybe you do. And that brings me to another point about rights, don’t give any away that won’t be “exploited” as they say in the industry (that’s meant to be a nice thing). I.e. have rights revert back to you that are not properly handled and try to not give them away in the first place without knowing why it makes sense to. And I always like to carve out digital platforms a filmmaker can get onto that a sales agent or distributor does not want or choose to (in collaboration with the distributor or sales agent of course).
4. ACCOUNTING: Make sure you know when Accounting is due and when your corresponding payment is due. Try for QUARTERLY unless you don’t like money coming in at least 3 times a year since most will pay no sooner than 30 or 60 days after the end of the quarter. Semi-annual accounting is possibly acceptable later into a term if you have no choice.
5. AUDITING & ARBITRATION: Reasonable Auditing and Arbitration provisions are key so you can have a clear way of investigating. Know where the arbitration will be conducted. “Resolving a matter via arbitration may be less expensive and more expedient than having to sue the distributor, but an arbitration provision may also be less effective at encouraging the parties to compromise prior to invoking arbitration than the threat of a lawsuit,” says TFC’s legal counsel Cherie Song, an attorney at McGuireWoods LLP. Also, “a distributor should have an obligation to maintain records of all sales and rentals of the film, and give you the right to inspect such records at reasonable hours with prior notice,” she says. “If your audit finds an underpayment, the distributor should pay you the difference within 30 days of demand, and if the difference is more than 5%, the distributor should reimburse you for your auditing costs.”
6. TERMINATION: Also set parameters by which a deal can be terminated. Not suggesting this should be random and exploitive of the sales agents or distributor’s efforts, but should they be in breach or become insolvent, one needs a remedy if it’s not cured. “If the distributor fails to fulfill a material obligation (e.g., if the distributor fails to pay the MG or your share of “Gross Receipts”, fails to provide statements or fails to market or distribute the film within a certain time period following complete delivery) or files for bankruptcy, then you should have the right to terminate the agreement with notice, with the rights to the film in unsold territories immediately reverting to you,” Cherie recommends. “The distributor should also indemnify you for claims resulting from its breach of the agreement and violation of third party rights. Furthermore, the distributor’s payment and indemnity obligations should survive the expiration or earlier termination of the agreement.” And our capitalizing of “Gross Receipts” is on purpose. All terms that have any possible key meaning and affect your deal should be capitalized and DEFINED! Many thanks to Cherie for her impeccable services to our filmmakers overall.
7. MARKETING PLAN: In order to distinguish a knowledgeable and reputable distributor from one who is less so, ask for a detailed marketing plan. For filmmakers to be in the strongest negotiating positions on this, a marketing plan should have already been developed and implemented during production and a fan base already started. The distributor will simply be adding extra muscle to this plan, both in terms of financing and staff. If there is no previous plan, ask to see exact specifics on how the title will be handled in-house and the expenses associated with it before agreeing to a contract. This is of utmost importance as the success of your title depends on these efforts. Without a clear understanding of the strategy, you may find your title simply becomes part of a catalog passed along during markets or part of a library that is rarely exploited. The more effort a filmmaker makes in gathering an identifiable audience for their work, the more leverage he/she has because the film has provable potential.
8. BUILDING AN AUDIENCE YOURSELF: Intentionally putting a fine point on this topic! More and more distributors and sales agents are researching your title just as much as you are researching them. If you haven’t made any effort to build an audience, the perception is maybe there isn’t one. You should be looking at the sales agent/distributor relationship as a partnership not as a savior. This makes your film far more attractive to those companies because they can see the money making potential and their efforts will make the title a much stronger earner. Wouldn’t you want to have an edge up on getting a better deal or not even needing one if you had already built an audience around your film well in advance of your first premiere? I know I would. (And thanks to our social network marketing guru / strategist Sheri Candler who contributed to this blog and especially #7 & #8).
9. CARVE OUT SOME DIY: Whenever possible, carve out the ability to sell off your own site and also via your own social networking pages and via other key DIY platforms & solutions. We recently did a blog (April 2011) about these so feel free to check out that info via the TFC site.
10. SPLIT RIGHTS / BE AS DIRECT AS POSSIBLE: If there is one thing I cannot stand is big fees taken out for being in the middle of revenue and not doing much to justify the fee. If a distributor is direct to key retailers and key digital platforms and is doing all or most of the release directly great. But if a distributor is licensing your rights for a not-very-huge-fee and hiring someone else to do the theatrical (and recouping an extra fee expenses) and / or not direct with libraries and institutions (if relevant) and/or not direct with key retailers or digital platforms then why bother? Go direct. Be as direct as possible. Split rights as much as possible especially when there is little investment on the MG side and/or little theatrical P&A side that help justify the rights needed for recoupment.
In closing, I will again emphasize research, research, research. Don’t be lazy and then regret later. It may have been more difficult to do this as an average filmmaker previously, but it isn’t difficult now. Take responsibility for your work and the business of it. Ask around. Ask other filmmakers, other companies, Ask us. Ask at least 3 people any given question so you can get a sense of the real answer to the extent there is one.
Bonne Chance!
Orly Ravid May 6th, 2011
Posted In: Distribution, Distributor ReportCard, Film Festivals, International Sales, Marketing, Theatrical, Uncategorized
Festivals Getting into Distribution
Don’t worry folks, I have not forgotten the 3rd and final part of the blog series “IF I WERE A FILMMAKER GOING TO SUNDANCE”… it’s posting this week. But in the meantime, this just in, well actually not, it’s been brewing for a while…
Festivals getting involved in distribution is all the rage. For festivals with very strong brand recognition, it makes sense to move into this arena. We’ve been recommending it to fests for years (since 2005) and we are happy to see some, such as Sundance, are getting into the fray. It makes sense for the biggest brand festivals to be using their name recognition to bring attention to the films they screen. We at TFC have a Foreign Language Oscar Initiative with Palm Springs International, a festival known for its curation of world cinema. It makes sense that together we will bring the recognition of PSIFF chosen films to a wider audience.
The Sundance brand, being strongly recognized with consumers even outside of the independent film industry, is ideal for filmmakers to use to their distribution advantage as close to the festival as possible. With the festival getting involved in distribution, the time between festival premiere and release will only help. For festivals that do not yet have a very strong consumer brand or niche it may make less sense.
An article today in the New York Times talks about some of the fests’ distribution plans.
We’ll be drilling more into this in the coming months. For now, we wanted to address TriBeCa Films distribution.
TriBeCa Films is a for-profit company and in that way they are acting like a traditional distribution company taking rights, offering Minimum Guarantees (MGs) but charging interest, all the usual stuff. That’s the difference between TriBeCa and what Sundance has indicated its distribution will look like. The difference between it and let’s say a digital aggregator such as IndieFlix is that it has strong direct Cable VOD relationships (e.g. Comcast) and TriBeCa has a strong marketing partnership in AMEX (as noted in the article) which brings significant financial sponsorship support to marketing and we expect other partnerships are in the works. It’s been said that overages from TriBeCa Films have been quite healthy and that the Cable VOD distribution paid off.
They started with 11 films last year and they plan to increase to 26 this year. They partner with New Video for their DVD and for access on other digital platforms (iTunes, Amazon etc), an excellent partner but yet another middle man. The theatrical aspect of their distribution seems modest at this moment but that is no different than many other distributors and it may change in time.
Sundance is just starting to formulate its plans, but it is a non-profit and is not seeking to behave like a traditional distributor. Rather, their initiative will facilitate certain components of distribution access to key platforms under the strength of its brand and that would be a key difference.
The NYT piece cites Janet Pierson’s unwillingness for SXSW to join in the digital distribution business. As she rightly surmised, distribution is complicated, it is not always revenue generating, it can be cost-intensive, it can invite great scrutiny from filmmakers and industry and certainly does complicate a film festival’s activities and politics. So maybe for SXSW, it is enough to be at the top of the technology front and be a successful event for the convergence of art, technology and media happenings and leave well enough alone.
These are changing times indeed, with no shortage of options on accessing platforms where audiences could find your work. Branding and marketing are crucially important, and so on that note, until the next blog post.
Orly Ravid February 28th, 2011
Posted In: Digital Distribution, Distribution, DIY, Film Festivals, Uncategorized
Tags: Digital Distribution, film distribution, Film Festivals, independent film, VOD
DEALS & DIY: A Film Distribution Duet
*This is Part II of the “If I Were a Filmmaker Going Sundance…”
*Part III to will be written in the aftermath of the glow of the fest.
Sundance 2011, insofar as distribution was concerned, saw a spike on both the traditional sales and the DIY front. 42 deals were done so far and more to come. One difference between this year’s Festival and those of recent years is that several acquisitions were done prior to the Festival and more deals occurred right at the beginning of the Festival rather than taken several days or weeks to materialize. In addition, some of the acquisition dollar figures were bigger than in recent times. There was a definite sense of ‘business is back’ (though mostly still for bigger films with either name directors or cast or both – and this we address below). And DIY is seeing a new dawn with directors like Kevin Smith announcing a self-distribution plan and Sundance’s solidified commitment to helping artists crowdfund (via Kickstarter) and market their films (via Facebook for example) access certain digital distribution platforms (in the works and TBA).
Starting with the deals. So far I counted 42 (one at least was a pre-buy / investment in production) and two so far are remake rights deals.
I only list the deal points that were publicized… meaning if no $$$ is listed then it was not announced.
Deals done Pre-Sundance:
1. Project Nim (James Marsh who did Man on Wire) – sold to HBO for a hefty yet unreported sum.
2. Becoming Chaz – produced by renowned World Of Wonder and sold to OWN (actually we gleaned OWN invested in the film and at the fest Oprah announced her commitment to doing for docs what she did for books via a Doc Club).
3. Uncle Kent went to IFC
4. The Greatest Movie Ever Sold (Morgan Spurlock) – went to Sony Classics.
5. Septien: (Michael Tully) – was nabbed by Sundance Selects
6. Mad Bastards also went to Sundance Selects
Deals done at Sundance according to sections:
US Dramatic Competition:
7. The Ledge: sold to IFC – Low seven figures
8. Like Crazy: (Director of Douchebag) – Paramount for a worldwide deal – $4,000,000.
9. Martha Marcy May Marlene: sold to Fox Searchlight, congrats to TFC Board of Advisor EXP, Ted Hope – 2 mil
10. Circumstance: Participant is funding the release and will (along with the filmmakers) choose a distribution partner, we hope Roadside Attractions.
11. Homework: Fox Searchlight – $3,000,000
12. Another Earth: (Mark Cahill) – Fox Searchlight – a $3 mil deal, with an aggressive P&A as reported and for US and all English speaking territories.
13. Gun Hill Road: Motion Film Group
14. Pariah: Focus Features – $1 mil deal
15. The Flaw: New Video
16. Take Shelter: Sony Pictures Classics
Premieres (‘names’ in films):
17. My Idiot Brother: TWC – $7,000,000 for US and key territories with $15,000,000 P&A
18. The Details: TWC – $7,500,000 MG and $10,000,000 P&A
19. I Melt With You: Magnolia (reported mid-high 6-figure deal reportedly w/ healthy backend)
20. Life in a Day: NatGeo Films
21. Margin Call: Joint deal with Lions Gate and Roadside Attractions – $2,000,000 deal
22. Perfect Sense: IFC
23. The Future: (Miranda July) – Roadside Attractions
24. Salvation Boulevard: IFC
25. The Son of No One: (Dieto Monteil) – Anchor Bay
26. The Devil’s Double: (Lee Tamahori) – Lionsgate – a reportedly seven figure deal
U.S. Documentary Competition:
27. Buck: Sundance Selects
28. The Last Mountain: Dada Films (MJ Peckos and Steven Raphael)
29. Page One: A Year Inside the New York Times: Magnolia and Participant
30. Hot Coffee: HBO
31. Crime After Crime: OWN (this will have an Oscar qualifying run before airing on OWN)
32. Miss Representation: OWN
33. The Black Power Mix Tape 1967- 1975: Sundance Selects
34. Sing Your Song: HBO Documentary Films
Doc Premieres:
35. These Amazing Shadows: Sundance Selects
Park City at Midnight:
36. Silent House: Liddell Entertainment
37. Hobo with a Shotgun: Magnolia/Magnet
38. Corman’s World: Exploits of a Hollywood Rebel: A&E IndieFilms
World Cinema Dramatic Competition:
39. The Guard: Sony Pictures Classics – $1,000,000 deal
Next:
40. Bellflower: Oscilloscope
Not distribution deals per se but Fox Searchlight bought worldwide remake rights to
41. The Bengali Detective
42. TWC bought remake rights to Knuckle.
Please let me know if I missed any deals and feel free to comment in this blog. Of course more may be announced even as this posts and I am on a plane.
So we see mostly name filmmakers or cast but also definitely a few non-names generating deals the details of which are not publicized thus far.
AND NOW ON the DIY side:
RE: SLITTING RIGHTS & DIY: Andrew Hurwitz and Alan Sacks wrote an article in the Hollywood Reporter addressing all the same stuff TFC has talked about before, splitting rights, working and sometimes conflating windows and not settling for bad deal terms when one could do better on one’s own working with consultants etc. It’s nice to see trades addressing this in a context that speaks to more traditional industry players.
THE FLAT FEE MODEL EXPANDS: Distribber (now owned by IndieGOGO) announced a partnership that has been brewing with one of our Cable VOD partners, and TFC Board of Advisor Meyer Schwarztein of Brainstorm Media. Basically it expands Distribber’s flat fee digital distribution offerings to include Cable VOD (and also Hulu). If a film gets onto all key MSOs the fee is set for now to be $9999 and there are prices per platform if a film cannot make it on to any given platform so that one is not paying for a platform or service they are not getting onto. As per the press release: “The films will be presented to audiences on the new “Filmmaker Direct” label; consumers who purchase films on “Filmmaker Direct” will know that 100% of profits go directly to the filmmaker, instead of to a parade of “Hollywood Middlemen.” For more info check out: http://www.distribber.com. My only cautionary note: this is not a great idea for smaller films for which the gross revenues that would not justify the flat fee. One must remember and always know to ask about the splits that the Cable VOD aggregator is getting from the MSOs. They range, to the best of my knowledge to-date, between 30% and 60% depending on company and films. Studios get the higher splits for the obvious reasons. And so one has to do the math. And of course also evaluate MARKETING (which will be the focus on the 3rd and final part of this Sundance Blog series). In any case, we work with both Adam Chapnick at Distribber and Meyer Schwarzstein at Brainstorm and are fond of and trust them both.
BRAND NAME FILMMAKER DIY: Kevin Smith fueled the torch of DIY in his own flame-filled way. He auctioned off the distribution of Sundance Premiere Selection RED STATE to himself and has pre-booked theatres and plans to be his own decider in distribution, sans print ads (Amen). We wish him well but caution his very “old world” production and release budget (4mil Prod & and 2.5mil to release (for prints etc)… immediate launch broad release plan… a slow build never hurt anyone. David Dinnerstein formerly of Paramount Classics and Lakeshore consulted on the release. For more on this topic just search the WWW.
ABOUT THE SHORTS:
DIY Hats off to the Sundance SHORTS filmmaker such as Trevor Anderson and I believe 11 others who are on Sundance’s YouTube Screening Room Initiative with tens of thousands of views. Anderson exceeded 94,000 views as of the other day and has put all his shorts including this year’s HIGH LEVEL BRIDGE on www.EggUp.com which allows him to monetize them via transactional digital sales. TFC refularly refers filmmakers to EggUp and now also TopSpin though our guru Sheri Candler advises TopSpin works better for filmmakers with an already robust following. Whilst Anderson may not be getting rich just yet, it’s a perfect model for a prolific and vibrant filmmaker who is building a brand and getting his/her work out there.
Last but not least, Sundance announces its DIY oriented initiative.
Sundance Institute announced (I’m now quoting from its press release) its “Three-Year Plan with Kickstarter as Creative Funding Collaborator / Facebook® to Provide Guidance to Institute Alumni… A new program to connect its artists with audiences by offering access to top-tier creative funding and marketing backed by the Institute’s promotional support…The creative funding component was announced today with Kickstarter, the largest platform in the world for funding creative projects. A new way to fund and follow creative projects, tens of thousands of people pledge millions of dollars to projects on Kickstarter every month. In exchange for support, backers receive tangible rewards crafted and fulfilled by the project’s creator. Support is neither investment, charity, nor lending, but rather a mix of commerce and patronage that allows artists to retain 100% ownership and creative control of their work while building a supportive community as they develop their projects… In the coming months, Sundance Institute will build an online hub of resources related to independent distribution options, funding strategies and other key issues. The goal is to provide for filmmakers a central location to explore case studies and best practices, in addition to live workshops and training opportunities with Institute staff, alumni, industry experts and key partners. As the first of these partners bringing their expertise to the community, Facebook will offer Institute alumni advice, educational materials, and best-practices tips on how to build and engage audiences via the service…Further development will include access to a broad and open array of third-party digital distribution platforms backed by Sundance Institute promotional support. In the future, additional opportunities for theatrical exhibition will be explored in collaboration with organizations such as Sundance Cinemas, members of the national Art House Project, and others.”
I have been championing festivals getting involved with exhibition since and distribution beyond the festival itself since 2005 and discussed some options and ideas with Sundance staffers last year and am thrilled about this powerful and liberating announcement that so connects up with TFC’s mission whilst having some serious muscle and we look forward to being involved in some way hopefully.
MARKETING IS KING: One thing no one talks about in much detail is MARKETING. Of course the big guns have the cash to buy marketing but the small distribs and aggregators are starting to be difficult to distinguish at times, and yet sometimes distributors do earn their fees by investing real talent and expertise and even money in marketing. So comparing what one can do oneself (if one does not get the big fat offer) with what traditional but small distribution deals bring will be the focus of the 3rd and last post in this series to come after Rotterdam but hopefully before Berlinale.
Over and out for now. Questions and Comments always welcome!
Orly Ravid January 27th, 2011
Posted In: Digital Distribution, Distribution, DIY, Film Festivals, Marketing
Tags: Digital Distribution, distributors, film distribution, Film Festivals, film marketing, independent film, Kickstarter, Sundance
If I were a filmmaker going to Sundance….
* This is part 1 of 3 parts to this Sundance focused blog.
* Part 2 will be written during the festival.
* Part 3 will be written in the aftermath of the glow of the fest.
If I were a filmmaker going to Sundance, and let’s say that I had a film with no recognizable press-generating cast that would be attractive to a distribution company for a large MG… What would I do? Seriously, I asked myself that question. And I realized how tempted I would be, even I, to find some sexy publicists and rockstar agents or sales company so that I could get the hot sexy sale at Sundance and make all my dreams come true.
What can a distributor do for you that you cannot do yourself with just a little bit of money, not even a lot, and some low fee consultation? And above all, what are you giving up by not building community for your film before and during the fest, instead letting other people run your show, potentially losing out on the momentum of the festival?
The beauty of Sundance, aside from the pretty mountains and clean air and great films and the best cheese danish I have ever had (@ the Java Cow and I know I’ll regret writing this), is the focused attention of both the PRESS and the PUBLIC. Most films showing at the festival, excluding cast-driven films, would not get half (½) the attention would they were not showing at Sundance.
Let’s look at some films from Sundance last year that were in this position and the routes they took and what they may have netted. These are films that cut distribution deals of some kind and got less than wide releases from their distributors:
A Small Act (Doc): Distributed by HBO, I don’t know exact sale price but suspect it was less than $150,000 and they did not need a sales agent to do that. They are also a TFC client for festival distribution. TFC handled film festivals for the filmmaker though by the time we got involved HBO had aired the film and that hurt our festival bookings and hence diminished potential revenues to the filmmaker. The director, Jennifer Arnold, is presently closing a DVD deal as well that she got herself.
*Gasland (Doc): Distributed by HBO, TFC consulted at Sundance along with their lawyer Michael Donaldson, and they did not need anyone to help them get a good HBO deal though they did have help handling offers and pursuing interest. The deal came to them directly and would have come to them regardless. They did some self-distribution for theatrical (Box office $30,846) and festivals. The film is now available for DVD. Zipline did PR and the film got its good rightful share of it. The filmmakers received a deal that has worked out very well, with some great PR and it played lots of fests. It’s shortlisted for the Oscars too.
*Extenuating circumstances: Debra Winger executive produced this film and she definitely helped a lot. Josh Fox is a very committed activist and spokesperson of the film’s critical message so he is very embedded in the community that would be most interested in this film. It’s a great example of a film that got a lot out of being at Sundance and the filmmakers got a deal they are happy with and they probably recouped as a result given the low budget of the film.
A Film Unfinished: Distributed by Oscilloscope. I will say that $320,000 theatrical box office is very very good (I have no idea what they spent though to release the film but it’s likely some money was made on the theatrical). The film had a sales agent (CINEPHIL from Israel) and I am almost positive the MG was less than 6-figures. My judgment is that the filmmakers could have done just as well releasing on their own with just some money set aside for a booking agent and a publicist, especially for this niche. It is a doc that hits a niche audience that works consistently and is lucrative and I can’t say that the filmmakers needed a sales agent and a distributor to be in between the film and its audience. I doubt the filmmakers will make as much money as they would have handling the film on their own with just some low fee consultation.
The Dry Land – reported budget from imdb $1mil, box office $11,777 Most likely a service deal since it was theatrically released by Freestyle Releasing. Freestyle service deals are not cheap; most of their releases involve budgets of $200,000 + (though sometimes less) and most for-profit service deals involve fees of tens of thousands of dollars). Clearly not a good result here, but we assume hoping to recoup in home video.
Douchebag -Paladin is distributor and (so I assumed it was a service deal paid for by the filmmakers but the producer wrote to Ted Hope that they sold the film for more than its budget. We would love to know the details since usually Paladin does service deals and since to us that seems like quite a deal). Box office return $20,615 on a maximum of 6 screens. Also, not a good return.
Bhutto – Distributed by First Run Features. Just released December 3, to day box office $16,216, only playing 2 theaters. A large advance was not paid and most of what was accomplished could have been done by the filmmakers themselves without large percentages paid.
Taqwacores: Distributed by Strand , most likely a very small advance was given. The box office was $9,347 on 2 screens. Another example of a film that could have done this much better and faired better overall without a distributor involved. With just some low fee consultation, time and money set aside, the filmmaker would still be in control of their film and able to work up the audience.
I am not knocking these deals, simply noting that if one is to do them, one should at least cut out excess middle men and do them smartly, reserve some rights, negotiate carefully on the back end, monitor expenses, maybe even have been better off not doing these deals. It would have helped all of these films to build community around the film leading up to the festival and exit the festival with a bang, ready to reach audiences immediately. I think a lot can get lost during the time it takes for distributors to bring films to market, especially for the smaller films.
I think the decision to cut a deal with a distributor, no matter what, is emotional because even when I put myself in the filmmakers’ shoes I realized the emotional power of having an offer made to just take care of this for me. It signals that what has been made must have value and was done well. It also allows for one to not have to get hands dirty with the money stuff and the business stuff. But, if you are a filmmaker, you did choose the most expensive art medium in the world and unless you are rich or your investors don’t care about getting their money back, I want you to at least consider this: You don’t NEED traditional distribution. For MOST of you, without special connections or name cast, MOST traditional distribution will not serve you. Most distributors don’t pay enough or do enough or are fair enough, and many of them have to raise P&A anyway, or hire the same service providers you can, so do the math, think twice, and be careful. And remember, buyers are happy to buy direct, especially many TV buyers and VOD platforms, and you can get inexpensive help negotiating.
The more you can set up to do on your own the better for you and your investors in the long run. You run a risk doing nothing in terms of building community around your film or not setting up a distribution plan, having several layers of middle-men and waiting for Godot. When you do the math, the Sundance dream often connects up to cast-driven films and just a few rare gems each year, and there are those to be sure, each year, but just a very few. Most other deals you could get anyway if you wanted them, with someone on the side advising in you in fair way.
PS: Here is additional info on films from Sundance 2010:
* 3 BACKYARDS: Screen Media all rights, no verifiable release.
*12th AND DELAWARE: HBO Films, premiered on 8/02/10,currently HBO OnDemand.
* ANIMAL KINGDOM: Sony Pictures Classics, Box office $1,008,742 and this is a great example of a film that might otherwise have done little if any business were it not for Sundance.
* CATFISH: Rogue Pictures / Universal with a box office of $1,315,573 and it is definitely a great release for a doc and if the deal is good for the filmmakers then it’s a dream come true. Of course that’s an ‘If”.
* CASINO JACK AND THE UNITED STATES OF MONEY: Magnolia Pictures, $175,865 – and this is directed by Alex Gibney one of the most famous doc directors but sadly probably lost market share to the feature starring Kevin Spacey.
*EXIT THROUGH A GIFT SHOP: Producer’s Distribution Agency (a distribution company set up by John Sloss specifically to handle this film), Box office $3,291,250. I am in love with that film, and it’s to Banksy’s credit the film did what it did and some in the industry actually think it was a financially weak release given how much was spent, estimates are put at over a million. In any case, most filmmakers cannot imitate a set up that had John Sloss turn down a 7-figure advance because he wanted to handle the release himself and he did with the help of Richard Abramovitz and had the reputation and cult following of Banksy, Shepard Fairey , and Thierry Guetta.
*FAMILY AFFAIR: OWN the Oprah Winfrey Network, air-date: possibly spring.
* THE FREEBIE: PHASE4, the box office was just $16,613 the deal was allegedly worth low – mid six figures for US & Canada, all rights. The film was sold by Visit films.) Now I have inspired Phase4 to buy two films I did not take a commission on. I am not saying Visit films is not great and I am not saying it’s not great to have guidance at a festival or market especially when there is a bidding war, which there was apparently, I am just saying buyers buy films they want, not because of who is selling them. We hope the filmmakers of all these films weigh in on their overages and overall bottom line.
* FREEDOM RIDERS: PBS with an outreach campaign by American Experience, film to be shown in May on 50th anniversary of the original rides.
*GROWN UP MOVIE STAR, NO US or INTL distribution, E1 entertainment is the sales agent, Mongrel Media (distributor in Canada)
* HESHER: NewMarket, reported budget $7mil, no release info
* HAPPYTHANKYOUMOREPLEASE (DISTRIB: Anchor Bay, release was supposed to be in March but as far as we know it has not happened yet).
* THE IMPERIALISTS ARE STILL ALIVE: no info
*JEAN-MICHEL BASQUIAT: The Radiant Child (Arthouse Films (which also produced the film), Box office was $250,129. A big hit in France, what a great niche and great doc. The producers did handle their film themselves in the US.
*LAST TRAIN HOME, Zeitgeist Films, released: 9/03/10-TOTAL GROSS: $282,092
(Here is a good example of a good doc sales company from what we hear and a good US distributor and a doc that probably sold well relatively speaking).
* LOVERS OF HATE: IFC –which is primarily a VOD play and some very traditional deal terms.
* MY PERESTROIKA: no info
* THE OATH: Zeitgeist, box office $42,273
* OBSELIDIA-reported budget $500K, still with a sales agent it appears
*THE RED CHAPEL, Lorber Films, opens 12/19/10 at IFC Center, Lorber Films plans a theatrical release of the film in the U.S. and Canada, followed by television broadcast and a DVD release.
* RESTREPO (US distribution: National Geographic Entertainment, Box office $1,330,058 –another Sundance success story to be sure, assuming terms are good for the filmmakers, which we have no information about
* SYMPATHY FOR DELICIOUS: Maya Entertainment (US, media)
* SKATELAND: Freestyle Releasing in March 2011 – and this means most likely it’s a service deal and paid for by the filmmaker. I should note that sometimes Freestyle helps raise the P&A. (though I don’t know what their cut is; one day I will ask).
* TWELVE: DISTRIBUTOR is Hannover House and the box office gross was $183,920 (somewhat shocking given the cast and the director.
*UNDERTOW: (Sundance World Cinema Audience Award Winner) TFC is doing theatrical and worldwide festivals and consulted on the distribution deals. We will be covering this in a case study to be written after the release is completed.
*WASTE LAND, Arthouse Films, released 10/29/10-TOTAL GROSS: $96, 597
Arthouse Films handled the theatrical release later followed by a DVD and digital release on the Arthouse Films label in early 2011…E1 Entertainment holds the international rights and is managing worldwide sales which to date include Australia (Hopscotch), Hagi Film (Poland) and Midas Filmes (Portugal). E1 Entertainment will also distribute the movie in Canada and the UK. Downtown Filmes is the Brazilian distributor.
* WINTER’S BONE: Roadside Attractions, Box office $6,210,516, and this is a great example of a film that would have likely lingered in oblivion were it not for Sundance and the right distributor;
* Other films not listed in detail are Cyrus, The Kids Are Alright, Waiting For Superman, Splice, and The Runaways because they all have big names involved, in a few cases the deals were done before Sundance and not all of them even had great releases in the net analysis.
Orly Ravid December 21st, 2010
Posted In: Distribution, Film Festivals, Theatrical, Uncategorized
Tags: A film Unfinished, A Small Act, Bhutto, Cinephil, Debra Winger, distribution, Douchebag, DVD, First Run Features, Gasland, HBO, Jennifer Arnold, Josh Fox, Michael Donaldson, Oscilloscope, Paladin, Strand, Sundance, Taqwacores, The Dry Land
TFC Tidbit of the Day 47 Film Festivals via a Distributor
TFC books film festivals for filmmakers when that work is too time consuming for the filmmakers themselves to handle. Bookings can be done by yourself and you can charge fees for an in demand film. However, there is something to be said for the ability of a distributor to command more in fees and know of more fests to get the film placed more broadly.
Know your film and yourself to determine how your festival run is best handled. Especially with niche films, make sure you are working with someone who has the knowledge of all the appropriate fests and can command decent fees, or make sure that person is you. More to consider if working with an outside company: make sure they are not too glutted with so many films that cannibalize each other both attention wise and content wise and ask what they do to work the film at the festival level.
Orly Ravid August 24th, 2010
Posted In: DIY, Film Festivals, Marketing, Theatrical
Tags: film distribution, film distributor, Film Festivals, film screenings
TFC Tidbit of the Day 30 URGENT: Build Some Distribution Expenses into Your Production Budget
Nothing is more disconcerting than filmmakers who spend $100K (or whatever) to make their film, but now have nothing left to make screeners, exhibition masters, hire publicists, set up buyer screenings, hire a team to oversee their web presence, etc. A film in the can is only a tree toppling in the forest, and if you have nothing left in the bank then your tree will certainly fall silently on deaf ears.
Remember that everything AFTER you complete your film will still cost some money, even if it is only Festival submission fees; the postage and assistance to get the film out there; a few key trips to important Festivals and markets where you can promote your film; and distribution deliverables (including MUSIC CLEARANCES). A good guideline minimum is 10% – 20% of your production budget to help you start the distribution process…so if you are thinking your film will cost $100K to make, then make the budget 110 or 120K at least.
Don’t get caught in the ultimate trap that so many filmmakers find themselves in; a film in the can with nothing more they can do with it. You didn’t max your credit cards to end up in this dilemma! Think about distribution expenses IN CONJUNCTION with production expenses. Please!
Orly Ravid August 6th, 2010
Posted In: DIY, Film Festivals, Marketing, Uncategorized
Tags: distribution budget, distribution expenses, festival submissions, music clearances, production budget