From the outside, it appears that movies make hundreds of thousands of cash for the producers and artists involved. However, independent films and those made without a certainty of being released on the big screen often face challenges to produce money.
Most creatives have their heads firmly in the clouds, which is precisely where they should be. So, generally speaking, they don’t make great entrepreneurs. As a result, many scriptwriters and directors struggle with the ‘business’ side of the show business.
To all our fellow Indie Filmmakers, at WFCN we have more than 400 handpicked film festivals where you can submit your precious work of art.
Low-budget filmmakers are frequently forced to balance both realities. They often don’t have the luxury to be creative all the time. While many movie investors want to get engaged for plaudits and pleasure, the truth is that most want to make money.
Indie filmmakers have to familiarize themselves with the necessary ‘bread-head’ jargon and be prepared to address all of the pointed questions that will be posted to them while delivering their business plan.
Investor Investor & Investor
Because most film projects are freelance, you’ll need to start with an exciting film proposal to sell to an investor.
The film idea should ideally be something that both the filmmaker and the investor are enthusiastic about. This is significant since launching an indie film involves an enormous amount of patience and funding. If the investor is enthusiastic about the issue, they will join you on the journey.
Distribution & License
Getting a sales agent to promote your film and landing a major film fest premiere are two options for getting your material in front of potential purchasers.
From here, filmmakers should be able to take the next step toward securing a large license deal, which will ideally help them and their investors profit from the film.
Licensing and distribution agreements can take many different forms.
Signing an exclusive license arrangement for an upfront fee for your film’s rights would be the most lucrative and quickest option to earn out.
An exporter makes your video available on all major platforms, including Amazon, Apple, and other streaming services for independent films. However, this does not guarantee that you will make a lot of money or reach a large market.
Revenue generates from the streaming numbers reported on those platforms. To really make some money, you have to make a big marketing push to get potential viewers excited enough to go find your film and then pay to stream it.
A well-thought business plan is necessary for every film, especially for independent films. But the true expertise of monetizing an independent film lies within a man who can balance the creative and the corporate.