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May 1 at 8:30am

When Do You Submit A Script?

We have two approaches:

1) Go for it.  Who knows?
2) You only get one chance, so…
 
I subscribe to the notion that everyone tries to get something in before anyone else because they are rewarded for it.  You must look at the acquisitions and development departments of film companies through this lens. The job is to suck, [...]


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January 17 at 1:00pm

Filmmakers, It’s 2013. Do You Know Where Your Jobs Act Is? Part 3

Written by Michael R. Barnard

FILMMAKERS, IT’S 2013. DO YOU KNOW WHERE YOUR JOBS ACT IS?
Part 3 of 3 parts.
 
Yesterday, in Part 2, we learned that cash is available and that the JOBS Act is going to give filmmakers an opportunity to more easily access that cash for investment to make movies and rebuild the independent film industry.

The Internet enlarged the playing field for securities offerings, whether valid or not, and for potential investors, whether knowledgeable or not.

How do you legally and ethically access that hoarded cash and encourage its investment in your well-developed movie project so you can hire people and make your movie? [...]


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January 16 at 1:00pm

Filmmakers, It’s 2013. Do You Know Where Your Jobs Act Is? Part 2

Written by Michael R. Barnard

FILMMAKERS, IT’S 2013. DO YOU KNOW WHERE YOUR JOBS ACT IS?

Part 2 of 3 parts.

Yesterday, in Part 1, we looked at the general state of affairs for raising money from investors for your movie, and introduced the JOBS Act for its potential to help rebuild the independent film industry in America.
Offering securities for your film is tightly restricted and regulated by the SEC. For every rule of the SEC that you ignore, your disgruntled investor’s attorneys will accuse you of fraud and deception and other wrongdoing. They will win, and collect good sums of money for their clients.
“If somebody loses their money in a film investment,” says Jeff Steele of Film Closings, “Nine out of ten times, they’re going to sue the producer. That’s how the world works. The difference between being sued by ma and pa investors or Accredited Investors is that Accredited Investors have better lawyers.”

For the definition of “Accredited Investors,” see http://www.sec.gov/info/smallbus/secg/accredited-investor-net-worth-standard-secg.htm

In simple terms – explanations that are more complex require attorneys – the process to raise money for your movie by legally offering securities is referred to generally as a “Private Placement Memorandum,” which usually costs about $15,000 or more in time and fees.

When you have your expensive PPM, what can you do with it? [...]


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January 15 at 1:00pm

Filmmakers, It’s 2013. Do You Know Where Your Jobs Act Is? Part 1

Written by Michael R. Barnard
FILMMAKERS, IT’S 2013. DO YOU KNOW WHERE YOUR JOBS ACT IS?
PART 1 of 3 parts
Young filmmakers today – those of you in your early to mid-twenties – entered filmmaking after the Great Recession and complications of rapid technological developments began to cripple the independent filmmaking industry in America. You entered the field just as the then-new perks-based donor crowdfunding function blossomed in the debris of crushed distribution companies, shrunken Minimum Guarantees, destroyed bank credit, and disappearance of most equity investment by hedge funds, institutions, and high-net-worth individuals. Those of us who are older are still smarting from the destruction, still aware of the way things had been.
The independent film industry in America shows signs of poverty, with many independent filmmakers living lives of ‘the starving artist,’ and jobs within the industry seem to be rare. Rarer still are consistent jobs that pay a living wage.
President Obama signed into law the American JOBS Act last spring. Called the “Jumpstart Our Business Startups Act,” its purpose is to help Americans who have good, sound business projects to attract cash from investors more easily. Businesses create jobs and hire people, and America needs that. The independent film industry in America needs that.
President Obama said, [...]


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September 7 at 8:30am

When Do You Submit A Project To A Financier Or Distributor? (continued)

I’ve written about this before, and I am sure I will write about this again.  It keeps coming up, both with my own projects and with those I consult on.

I think it is really simple and it is based on both experience and common sense.

It is my belief that there is only one chance to show a script where it will have real impact — and that is when it can be portrayed as “inevitable”.  That is usually when there are both talent and finance commitments — the two components that make a dream real for the industry.

The ideal time to submit a project is [...]


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July 25 at 8:15am

Indie Film in South Africa Part 2

By Jon Plowman

How do you turn your passion for film into a profit? How does one take all that experience built up on non-paying indie projects, and turn it into a career? I’m glad you asked. Welcome to the second part of a two-part article on indie filmmaking.

It seems to me that a lot of filmmakers are chronically losing sight of a very simple fact: there has been a total revolution in the film industry in the last few years. [...]


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July 24 at 8:15am

Indie Film in South Africa Part 1

By Jon Plowman

Ted asked me for this article last year. I agreed, because there are a couple of important points I’d like to put out there to encourage filmmakers in the same kind of position as I find myself. But before I could actually get around to writing the damn thing, I found myself retrenched. That’s “laid off” to most of you. I lost my job. Yeah, you know the one I mean, the one that actually pays the bills while I work on movies. My boss gave me a sob story about how he couldn’t afford to keep me on because the business was struggling. He has a wife and two small kids, and his business was their sole income. I couldn’t blame him. We feel the global recession here just as keenly as the US or Europe. So there I was, out on the street with R150 in my pocket. To put that in perspective, R1 = US$0.15, give or take.

Welcome to life as an indie film maker on the southern tip of Africa. [...]


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