Film Strategy

I recently wrote an article about why it is a good thing for certain filmmakers making certain films to share the wealth with profit participation instead of deferred compensation. A caveat: that has a limited use. However, I wanted to revisit that idea and clarify what that means for a filmmaker looking to adopt a profit participation strategy to paying their cast and crew. The truth is that while paying your cast and crew with profit participation instead of deferred compensation can lower a producer's and investor's out-of-pocket production and postproduction costs and improve morale/motivation, it has limits. Here's why: A producer makes multiple contracts throughout the life of a film starting with the writer and ending with the distributor. Along the way, she decides to offer back end participation (or net/gross profits or profit participation) to the cast and crew and signs a contract with them promising to do so. When the producer meets with the distributor

Sometimes when a no-budget filmmaker can't afford to pay a cast and crew what they are worth, then "profit participation" > "deferred compensation "     So many filmmakers struggle with the challenge of making their film because it is such a complex artform with a gaggle of logistical and artistic elements to it. One minute you are figuring out locations the next you have to decide on wardrobe then your DP is asking you about lenses and lighting (hell you might have to be the DP too) and your lead actor wants you to help him understand the crux of the scene. That's not even taking into account the budget and the legal and the food and the... you get the picture.  Filmmaking is hard work to do all by yourself which is why most don't. Filmmakers raise money to cover the costs of their cast and crew and those who can't raise sufficient money promise deferred compensation to their cast and crew. But even those who can't afford to pay cast

If you missed Tribeca 2015 this year, check out the films that won the competition. World Narrative Competition   The jurors for the 2015 World Narrative Competition sponsored by AKA, were Paul Attanasio, Sophie Barthes, Whoopi Goldberg, Dylan McDermott, and Burr Steers. The Founders Award for Best Narrative Feature Virgin Mountain , written and directed by Dagur Kári [Iceland, Denmark]. Winner receives $25,000, sponsored by AT&T, and the art award “Ash Eroded Film Reel” by Daniel Arsham. The award was given by Robert De Niro and Jane Rosenthal joined by Marissa Shorenstein, President, AT&T New York. Jury Comment: “With its mixture of humor and pathos, this film captured our hearts. Beyond the deceptively small frame of a mismatched love story, the film deals with the issues of bigotry, loneliness, bullying, mental illness, and ultimately the triumph of the human spirit and the meaning of love.”  Best Actor in a Narrative Feature Film  Gunnar Jónsson  as Fúsi