How Movie Reviews Affect Independent Film Financing
By OSAblogger on Nov 19, 2009 in MySpace
Hollywood and the financial environment of independent cinema are changing because there are many new technologies that have altered the filmmaking and movie reviews process. It used to be that only a little over 900 production and film financing distribution partners invested in Indie Films through private placement memorandums. Any willing investor could do it today.
This influences several areas: 1) Filmmakers now have online schools where they can get training, learn about filmmaking, and locate a mentor in the industry to work with. 2) New funding opportunities for independent filmmakers are emerging, while the traditional methods of securing film distribution are now becoming outdated.
Internationally, financiers favor big productions. To fund blockbuster film projects in the past, New Zealand subsidies and German tax shelters have been used by many large studios. But what about the small independent filmmaker? Where does funding come from for these projects?
Right now, the digital revolution is not only changing the way films are made, but how films are distributed. Independent filmmakers no longer need a large distributor because faster broadband now allows people to watch movies from their computer screens. Anyone can purchase some films from their websites. “The Fall of America and the Western World” is one such film.
In the future these changes will expand all of the opportunities for independent filmmakers who are hoping to receive funds for their film projects.
Current trends include companies online that are helping filmmakers finance their films by matching them with investors and/or distributors. Filmmakers from small towns can make use of these kinds of services.
It also helps when an independent filmmaker has good movie reviews from film critics for past film projects. These movie reviews lend credibility to filmmakers when they are seeking investors.
When it comes to online websites for filmmakers and investors, the way it typically works is that the filmmaker submits a description of their project or film for consideration. Investors can then review those projects in need of funding at their own pace. Because they can contact the filmmaker directly, the middlemen of old are no more.
Next there is the non-profit organization that focuses on helping independent filmmakers locate funds to finance and distribute their films. They don’t fund filmmakers, but they do offer fiscal sponsorship. Sponsorship allows filmmakers to receive funding from sources that limit their funding to nonprofits.
Independent producers can also post website ads and information abour their projects on other websites that link them to investors.
Written by: OSAblogger / Bill Wardell - Please Read Our Latest OSA eZine Edition
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