As Studios Cut Back, Some (Brave? Crazy?) Investors See Opening
In the immediate aftermath of the American Film Market, on Nov. 14th, 2010, the NY Times published an article about the opportunities for equity investment that some private investors are seeing in the shell-shocked independent motion picture business. According to Michael Cieply: "With studios financing fewer movies, a wave of equity investors stepped up their presence in a Hollywood that suddenly made sense to hard-headed business types who were more accustomed to bottom-fishing in the real estate market or drilling for oil."
With distributors offering advances in the $25,000-$50,000 range for arthouse films - with prices only going up slightly for prize-winning or star-driven films - and the median domestic box-office gross for films budgeted under $10 million resting at those same paltry levels, let me know how the business of funding independent films works out for you...
Randy Finch's Film Blog:
Thoughts from a film producer about making and distributing films.