It all started with Star Wars. Since the George Lucas sci-fi saga began back in , the franchise has made billions in revenue from toys alone, not to mention licensing income from other third-party companies.
This strategy obviously doesn't work for every film. You don't see a lot of action figures for romantic comedies.
However, merchandising is a cash cow for big-budget films that appeal to kids and Comic-Con fans alike. On the other hand, some analysts suggest remaining on the lookout for movie fatigue. Kids are increasingly attracted to newer types of entertainment, such as video games and YouTube. When a producer cobbles together the budget for an independent film, selling the distribution rights in foreign territories is crucial.
Independent filmmakers can actually make money if they have a great foreign sales agent who can sell their movies in key overseas markets.
Once upon a time, it was all about DVD sales. Films have to leave the theater at some point, but they can remain evergreen on TV.
As for VOD, revenue from these deals should add hundreds of millions to a studio's bottom line. Many films that don't have the special effects and big-name stars to lure people to the theater often profit from this model. Streaming video is a new source of revenue for Hollywood movies. VOD revenues tend to dry up after a few years, but movie studios can still make money from older films by licensing them to Netflix or Amazon Prime.
However, the success of original content on the streaming services also draws audiences away from traditional movies. As the saying goes, nobody knows anything in Hollywood. The film industry is in flux, and ticket sales alone don't drive revenue. So who knows, the little indie that you invest in could just be the next "Little Miss Sunshine. In Hollywood, there are no guarantees. Motion Picture Association of America. Accessed Aug.
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I Accept Show Purposes. Your Money. Barts…just because they can. The public can be fickle, the industry is in flux, and just about any movie is an extremely risky investment, even a film starring big name actors and actresses.
This is nowhere as straightforward as the early days of cinema when a movie would come out in theaters, make the vast majority of its revenues via ticket sales and then disappear.
Major studios and indie filmmakers alike now spend much of their days looking for new sources of revenue, because ticket sales are no longer the be-all and end-all for films. This is in part because it costs far more to make and market a film than it seems.
For any type of film, whether a blockbuster or an indie production, things like tax incentives and revenues from product placements can help pay down the budget. Still, there are a few tried and true ways that films can attempt to make money.
Theater attendance has been challenging over recent years, making it even harder for studios and distributors to profit from films. The percentage of revenues an exhibitor gets depends on the contract for each film. You can see the securities filings for large theater chains to see how much of their ticket revenue goes back to the studios. Studios and distributors generally make more from domestic revenue than from overseas sales because they get a larger percentage.
Still, overseas ticket sales are incredibly important, especially today. Independent filmmakers can actually make money if they have a great foreign sales agent who can sell their film in key overseas markets.
Once upon a time, it was all about DVD sales. They would then commission a screenwriter to write the script adaption and go from there. This can be a great way to create an independent film and make money as a film producer. As we said earlier, you need to come in under budget. This is largely up to the director finishing their days on time and not requiring reshoots, but as a producer, you hired the director, so the responsibility also falls on you.
Your crew members will likely have no idea about any of this. But independent film producers face a different challenge. With short films, this is extremely difficult to do, as in most cases, short films do not make money. Most crowdfunding campaigns fail, screenwriting contests require a script and can be expensive, and grant applications take days to complete. The most important thing in becoming a successful producer is to hire the right above-the-line talent, meaning your screenwriter, director, and principal cast.
Yes, as a producer, you will be involved in casting, and a good producer will work with the director to ensure the actors for the primary roles in the film are a good fit. Not only will a solid lineup of cast, writers, and directors make the film critically viable, but it will help attach more proven talent and financing to the project.
People want to work on projects that have names and established traction. The executive producer is typically the person who puts up the money for a short film project. The role of the executive producer is to have a hand in the pre-production process. Often their input is appreciated because they are the ones financing the project. So, it helps to find executive filmmakers who will actually take an interest in the project.
So what is the difference between a producer and an executive producer? In the executive producer vs producer break down the key difference is usually funding. Often the producer does not fund the film in the same way an executive might.
A producer is involved throughout all phases of production from inception to completion, including coordination, supervision, and control of finances, talent, crafts.
So, in short, the difference between a filmmaker and an executive is that the filmmaker will usually be more hands-on in order to get things done. Television production is a bit of a different beast than film production.
In television, creating is all about the writing, so the television creator is typically the head writer of the show responsible for the story arc. Before you can begin making money as a creator you have to become a producer. The best way to do this is to be intentional with your jobs.
If you want to become a movie producer start working in pre-production for film. To become an independent film producer you have to have the skills to produce a movie. We have an entire post that shows you how to become a producer.
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