How Movie Reviews Influence Independent Film Financing
November 20th, 2009 by Classical Music Expert
Because of so many new technologies altering the way movie reviews and filmmaking are done, the financial environment of independent cinema in Hollywood is changing. It used to be private placement memorandums, and 900+ film financing distribution and production partners investing in Indie Films. Today it could be any willing investor.
This influences several areas: 1) There are now online schools where aspiring filmmakers can train and work with a mentor. 2) New funding opportunities for independent filmmakers are emerging, while the traditional methods of securing film distribution are now becoming outdated.
Internationally, financiers favor big productions. To fund blockbuster film projects in the past, New Zealand subsidies and German tax shelters have been used by many large studios. But what about the small independent filmmaker? Where does funding come from for these projects?
The digital revolution is changing both the distribution of films and how they’re made. Independent filmmakers no longer need a large distributor because faster broadband now allows people to watch movies from their computer screens. Anyone can purchase some films from their websites. One recent example is a film called “The Fall of America and the Western World.”
Independent filmmakers who are hoping to get their film projects can look forward to the future when these changes increases their opportunities.
Current trends include companies online that are helping filmmakers finance their films by matching them with investors and/or distributors. These kinds of services could help small town filmmakers.
If an independent filmmaker received good movie reviews for past film projects, it helps a lot. When these filmmakers seek investors, their credibility is enhanced, thanks to these movie reviews.
When it comes to online websites for filmmakers and investors, the way it typically works is that the filmmaker submits a description of their project or film for consideration. There are many investors registered on the website who can then access the list of projects at their own pace, and review those projects that are in need of funding. Because they can contact the filmmaker directly, the middlemen of old are no more.
Next there is the non-profit organization that focuses on helping independent filmmakers locate funds to finance and distribute their films. They offer fiscal sponsorship to filmmakers, but don’t fund them. Filmmakers can then receive funding from sources that limit their funding to nonprofits due to this sponsorship.
Independent producers can also post website ads and information abour their projects on other websites that link them to investors.
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