Thursday, December 18, 2008

Financing's Holy Trinity

The planet is in financial crisis. And since indie filmmaking occurs on this planet, it must also be in crisis - and not just because a fractious SAG strike looms.

I've read over and over how this crisis augers the death of indie film. That to me is the surest sign indie film is not dead. That to me is the surest sign the weak are simply jumping ship. Great! Jump already and get out of the way.

Clearly we are in an exceedingly difficult climate for indie films, but that is true of almost every industry. Remember $150 a barrel oil? That was less than 5 months ago. Internet bubbles? 6 years ago. The internet is now home to some of the most robust, viable business models on the planet. Oil is in the shithouse.

The point is that fads, booms and busts come and go - that's the cycle. People love jumping on boom and bust bandwagons, but these bandwagons are rarely as wonderful or dire as the experts predict.

Right now some are cleaning up in the housing market, just as others succeeded when the internet bubble collapsed. The common denominator was an ability to stayed focused on strong foundations. That lesson holds as true in filmmaking as for any other industry or profession.

Indie filmmakers are struggling - what's new - and looking for money - what else is new? Right now money is exceedingly tight. But if you have faith then you need only look to the holy trinity and you will be saved. No, not that holy trinity, that's a far more ruthless industry and a topic for a different blog. The trinity I am referring to are the three items needed to take you down the path towards financing.

What is the holy trinity? It's as simple as it is complicated:

- Originality: compelling, story-driven content
- A-list talent: or at least proven moneymakers
- Marketability: does the story have an audience and do you have viable ideas on how to reach them?

Certainly there are many layers to each of the above. A stunning performance by a newcomer can be both talent and marketability, but some things you need to figure out on your own.

Indie filmmaking is in crisis, yet even now there is money because even now audiences are clamoring for decent content. Want some of it for your project? Stay focused on the foundations. Write something phenomenal and marketable. It's that easy... and that difficult.

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