INDEPENDENT FILM FINANCING (10 Low-Budget Funding Articles. I like #7)
by Dov S-S Simens on September 6, 2017
OK. You have this great idea. You even have the script and a budget. Plus, you heard a studio executive say that “Low-budget at studios is now $15-20 Million.”
“Damn…Low-Budget $15-20 Mill” you ponder and your mind goes directly to “$15-20 Million. Sheeeyit. If I say I can make a movie for only $3-5, $2-3 or even $1-2 Million they should throw the money at me…it ain’t $15-20 Mill!”
Wrong! No one, especially corporate business execs at Warner, Paramount, Sony or Disney is throwing you $1-2 Million just because you heard low-budget is $15-20 Million.
But being new and naive you quickly sign up for a class on “How to Pitch” and get your “Elevator Pitch” down to a concise 45-seconds to enter Pitchathons that are all over LA, NY, London and the Web (“Live Ammunition” at Raindance, “Pitchathon” at Black Film Festival, “Pitch Conference” at AFM, or subscribed to “MoviePitcher.com” and are a member of “Stage32” for their $39 pitchinars) with booking a 7-10 minute pitch costing $25-69 bucks each and opt for a package of 10 pitches at $250… just so you can say “My movie is…. Yadda-Yadda-Yadda Yadda-Yadda-Yadda…It’s spiritual. It will change the world and it’s Low-Budget. Only need $1-2 Mill”.
(“Quentin can pitch Harvey with a 10-second idea anytime. Now get real. Harvey ain’t buying anything you have to sell in 10 seconds.”)
However, reality is nothing happened at the Pitchathon with your 10 pitches to Development VPs (Hollywood Secret: VP is a Hollywood title for Secretary) but you met this lovely lady, a 42 year old, recently divorced novelist, who flew in from Denver, and hit it off and plan on meeting next month at Telluride for the Film Festival.
Anyway… back to Low-Budget and the question is “So what the F*ck is low-budget”.
Major Studios call Low-Budget $20-30 Million.
Foreign Sale companies at Film Markets like AFM call Low-Budget $7-10, $10-12, $12-15 & $15-20 Million.
Wannabees, who ain’t ever gonna bee, call Low-Budget $3-5 and $5-7 Million.
Guilds & Unions call Low-Budget $2-3 Million and Under $5 Million.
Now, what do you, a first-timer who hasn’t even first-timed call Low-Budget?
In my humble opinion, in my three affordable Film School formats, where I force you to “get real”, Low-Budget is as little as $100,000 (less than $100K is either Micro-Budget or No-Budget) to, at the most, $500,000.
Yes, my opinion is that Low-Budget is $100,000 to $500,000…which is still a lot of money.
Now, what do you call Low-Budget?
But you are still romantic and want to believe that Low-Budget is a movie budget that is in the single digit millions and you further believe that this is achievable.
OK; then I have aggregated (see below) 10 politically correct articles that explain how to Finance a Low-Budget Movie when looking for $1,000,000 to $10,000,000.
Enjoy the reading and when you are finished, and still likely confused, please-please take one of my 3 politically incorrect, but realistic, film schools (2-Day, DVD or VOD at www.WebFilmSchool.com) to get the honest secrets and tricks to Low-Budget Financing.
FINANCING A LOW-BUDGET MOVIE (10 Politically Correct Articles)
(“A Low-Budget budget for first-timers, if not Micro-Budget, is almost always $100K-500K.”)
The 10 copyrighted articles below are all from credible news sources (Huff Post, Variety, Forbes, IndieWire, LA Times, etc.), peruse and enjoy.
10 POLITICALLY CORRECT INDY FINANCE ARTICLES:
- 10 REASONS YOUR LOW-BUDGET FILM WON’T GET FUNDED
- HOW LOW-BUDGET FILMS GET FINANCING
- HOW TO GET A FEATURE FILM GRANT
- FINANCING YOUR MICRO-BUDGET FILM
- WHY FILMS UNDER $2 MILLION CAN’T CATCH A BREAK
- HOW TO FINANCE AN INDEPENDENT FILM
(“The above DVD Film School has a superb 2-hour Film Financing lecture that so demystifies film funding that you will think “what if I raise to much money.”)
- THE 7 DIRTY SECRETS OF INDEPENDENT FILM FINANCING
- HOW TO FINANCE YOUR INDEPENDENT FILM
- INDEPENDENT FILM FINANCING EVOLVES (AFM)
- INDEPENDENT FILM FINANCING OPTIONS
11. FILM FINANCING 101
Dov S-S Simens
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