Showing posts with the label production incentives

CASE STUDY: The Outliers Of 2015 - Small Movies With Biggest Profits (+ MY TAKEAWAYS)

A snapshot of what these 2015 low-budget films did to make a profit. Deadline just published a good article with breakdowns of the numbers of 5 "small" films (by Hollywood standards) that had big profits . I was curious to probe a bit more into why these films were able to make a profit and came across a couple of recurring themes which I elaborate on in the FILM STRATEGY TAKEAWAY : their use of the horror genre, that the films are based on a well-known novel or sequel, their exploitation of production incentives, their release on a day with no competition and more. Check it out: +++++++ Each year when Deadline runs its film profitability countdown , readers understandably ask about wildly profitable films, usually genre pictures, that don’t merit inclusion on the basis of highest domestic gross. But that doesn’t mean these films don’t tell compelling stories in their own right. So this time, we included snapshots of five overachieving pictures. The final four film

PRODUCTION TIPS: Production Incentives for the Low Budget Filmmaker

Filmmakers have a frustrating love/hate relationship with money; they love spending it and hate the stress of getting it. The frustration is understandable as filmmaking is one of the most expensive art forms to pursue. In many other countries, filmmaking is not a purely capitalist enterprise . Instead, they are largely subsidized by the government because they find them culturally important. While some American filmmakers prefer a lack of government involvement, it's no secret that American productions are subsidized to some extent in the form of production incentives.   Production incentives are tax benefits provided by the states on state-by-state basis as a way to bring the film business to the states. These programs began as a response to Canada's cheap production incentives in the 90s that lured many film productions. As a result, the US states adopted progressively generous incentives to bring them back. Hollywood and government officials tend to be big boosters of

PRODUCTION TIPS: 5 U.S. State Production Incentives for a $25K (or less) Budget

(from 2012, subject to change) Making a film is a constant battle against the odds; odds that you will finish the script, that you will get the money to shoot it; that you will actually shoot it; that you will have the money to cut it; that you will finish cutting it; that you will have the money to put it in festivals; that you will actually get it in festivals; that you will have the money to market it and get a producer's rep to sell it or four-wall it yourself; and, that you will make any money on it or just break-even. Maybe it's not all about the money but it's a damned good chunk of it. That's why getting to recoupment stage is rarefied air for filmmakers and must feel like raising the flag at Iwo Jima . Big budget films are expected to eventually make money but even a low-budget film can be made to recoup or break-even with creative financing.  Creative financing involves harnessing all the ways to raise funds for a film no matter what the budget using s