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	<title>IFP &#187; Mynette Louie</title>
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	<link>http://www.ifp.org</link>
	<description>Independent Filmmaker Project</description>
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		<title>Film Investing for Dummies</title>
		<link>http://www.ifp.org/resources/film-investing-for-dummies/</link>
		<comments>http://www.ifp.org/resources/film-investing-for-dummies/#comments</comments>
		<pubDate>Tue, 21 Aug 2012 14:00:01 +0000</pubDate>
		<dc:creator>Mynette Louie</dc:creator>
				<category><![CDATA[Equity Financing]]></category>
		<category><![CDATA[Financing]]></category>
		<category><![CDATA[Cinereach]]></category>
		<category><![CDATA[Creative Capital]]></category>
		<category><![CDATA[directors]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[labs]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[producers]]></category>

		<guid isPermaLink="false">http://www.ifp.org/?p=16010</guid>
		<description><![CDATA[<p></p>
<p>Like most working independent film producers, I’ve pitched my projects to more potential financiers than I can remember.  I’m always relieved when they’re seasoned film investors because then I can focus on the creative aspects of the project, the production and distribution plan, and the recoupment structure.  When I pitch &#8230;]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ifp.org/resources/film-investing-for-dummies/filminvest4/" rel="attachment wp-att-16012"><img class="aligncenter size-full wp-image-16012" src="http://www.ifp.org/wp-content/uploads/2012/08/filminvest4.jpg?9d7bd4" alt="" width="600" height="315" /></a></p>
<p>Like most working independent film producers, I’ve pitched my projects to more potential financiers than I can remember.  I’m always relieved when they’re <a href="http://www.ifp.org/resources/film-project-markets-dissected/" target="_blank">seasoned film investors</a> because then I can focus on the creative aspects of the project, the production and distribution plan, and the recoupment structure.  When I pitch to someone who hasn’t invested in film before, most of my time is spent explaining how film investment works, the typical life cycle of a film, and the current industry landscape (often with historical context!).</p>
<p>I genuinely love educating people about “how film works.” It’s great to shatter the <em>US Weekly</em> version of the film world, and show people that it’s a serious manufacturing industry comprised of hardworking creative and technical professionals.  But honestly, how many more times am I going to have to explain this on an individual basis?  A girl’s gotta sleep (oh, and actually <em>make </em>movies too).  I’m guessing that for every 200 of these newbie film investors I pitch (and educate), 199 of them say “no.”  And pitching to them is so much more extensive and drawn out than pitching to an experienced film investor.  This doesn’t seem like a very efficient use of my time, right?  It isn’t.  I should be reading and developing scripts, making and executing production and distribution plans, figuring out <a href="http://www.ifp.org/resources/a-call-to-producers-innovate-or-die/" target="_blank">how to innovate</a> in a rapidly changing landscape.</p>
<p>A few weeks ago at the <a href="http://creative-capital.org/" target="_blank">Creative Capital</a> artist retreat, I was chatting with Philipp Engelhorn of <a href="http://www.cinereach.org/" target="_blank">Cinereach</a> about the state of film financing and distribution.  He wondered why there were labs and training programs for screenwriters, directors, and now even producers, but no such programs for investors.  Indeed, why aren’t there any?  There are investor training courses in stocks, real estate, tech, and other industries. Why not in film?  Especially now that film budgets have plummeted, subsequently lowering an investor’s barrier to entry.  Not only would investor “labs” make producers’ lives easier, but they could potentially groom new classes of intelligent investors specifically for the film industry&#8211;more “smart money,” less “dumb money”!</p>
<p>An educated investor is primed to be a repeat investor.  I’ve met too many investors who never want to be involved in another film again because they were burned by their first one.  Their expectations were not properly managed, the risks not explained, the production was a nightmare, the distribution plan was stupid, the filmmakers neglected the film after its premiere, and so on.  If someone had explained to these investors how to identify <a href="http://www.ifp.org/resources/12-key-traits-of-the-indie-friendly-director/" target="_blank">good directors and projects</a>, assess deals, spot red flags, mitigate risk in a very risky type of investment, and effectively work with producers, perhaps they wouldn’t have made a doomed investment, and perhaps they would’ve invested again.</p>
<p>It’s understandable why producers are reluctant to lay out all the risks themselves. They want to paint a rosy picture of a film’s prospects because they want it to get financed.  But they’re doing themselves, the financiers, and the film industry at large a disservice by promising things that they’re not certain they can deliver.  This is where neutral third-party investor labs would come in handy.</p>
<p>These labs could help make investors proactive instead of reactive (how great would it be if more of them sought us out instead of the other way around?), and weed out the ones who want to be in it just for the money.  Did I mention that film is a very risky investment?  Well, it bears repeating.  Film investments are alternative assets like real estate, rare coins, artwork, or investment-grade wine that diversify an investor&#8217;s portfolio.  It&#8217;s rare for a film to hit it big, but when it does, it can hit it <em>really</em> big.  Ultimately, however, the best kind of film investor is someone who is not merely interested in financial return, but also in psychic return—that is, the unquantifiable joy of being part of an artistic endeavor, of learning about filmmaking and the film industry from the inside, of supporting a social issue or cause addressed by a film, of going to celebrity premieres and parties, of establishing relationships with promising filmmakers, and of helping to make something that will hopefully be seen by many and talked about for years to come.</p>
<p>So, who wants to start the first lab for film investors?</p>
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		<title>A Call to Producers: Innovate or Die</title>
		<link>http://www.ifp.org/resources/a-call-to-producers-innovate-or-die/</link>
		<comments>http://www.ifp.org/resources/a-call-to-producers-innovate-or-die/#comments</comments>
		<pubDate>Mon, 18 Jun 2012 19:00:41 +0000</pubDate>
		<dc:creator>Mynette Louie</dc:creator>
				<category><![CDATA[Audience Building]]></category>
		<category><![CDATA[Crowdsourcing]]></category>
		<category><![CDATA[Distribution]]></category>
		<category><![CDATA[Festival Strategy]]></category>
		<category><![CDATA[Financing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Online Film Marketing]]></category>
		<category><![CDATA[Production]]></category>
		<category><![CDATA[Self/ Hybrid Film Distribution]]></category>
		<category><![CDATA[brian newman]]></category>
		<category><![CDATA[ed burns]]></category>
		<category><![CDATA[jay van hoy]]></category>
		<category><![CDATA[lars knudsen]]></category>
		<category><![CDATA[louis c.k.]]></category>
		<category><![CDATA[Sundance]]></category>
		<category><![CDATA[ted hope]]></category>

		<guid isPermaLink="false">http://www.ifp.org/?p=15332</guid>
		<description><![CDATA[<p class="wp-caption-text">Summit of independent creative producers hosted by MoMA, Indiewire, and Zipline Entertainment in December 2009. </p>
<p>I’m very fortunate to be friends with many accomplished independent film producers&#8211;people whose films have screened at the best festivals, won significant awards, gotten picked up by major distributors, earned healthy gross receipts, and &#8230;]]></description>
			<content:encoded><![CDATA[<div id="attachment_15333" class="wp-caption aligncenter" style="width: 614px"><a href="http://www.ifp.org/resources/a-call-to-producers-innovate-or-die/indiesummit/" rel="attachment wp-att-15333" target="_blank"><img class="size-full wp-image-15333" src="http://www.ifp.org/wp-content/uploads/2012/06/indiesummit.jpg?9d7bd4" alt="" width="604" height="453" /></a><p class="wp-caption-text">Summit of independent creative producers hosted by MoMA, Indiewire, and Zipline Entertainment in December 2009. </p></div>
<p>I’m very fortunate to be friends with many accomplished independent film producers&#8211;people whose films have screened at the best festivals, won significant awards, gotten picked up by major distributors, earned healthy gross receipts, and received accolades in the mainstream press.  We hang out sometimes, one-on-one or in groups, to catch each other up on our projects, share recent experiences, exchange opinions on companies and people we’ve worked with, etc.  But essentially, we get together for emotional support against an industry and an economy hostile to our work.  At any given time, half of us will have one foot out the door, ready to escape an occupation in which the appreciation and <a href="http://bit.ly/LeHz4l" target="_blank">financial rewards</a> we get have zero correlation with the insanely hard work we do and intense emotional stress we endure.</p>
<p>I was recently struck by three things I read that echoed some of these sentiments: <a href="http://bit.ly/KegOYW" target="_blank">Ted Hope’s forlorn blog post</a> in which he catches up an old friend to where he is now, <a href="http://bit.ly/NhKfxc" target="_blank">Brian Newman’s post</a> about how YouTube stars are disrupting the old indie film model, and the <a href="http://huff.to/KYKbFt" target="_blank">Huffington Post article</a> on Jay Van Hoy and Lars Knudsen.  I deduced a common theme running through all three: innovate or die.</p>
<p>Ted’s post lamented, “It is very frustrating watching what I love crumble away. I see many people with their fingers in the leaks, but few that want to build a new city higher up on the hill.” Brian said that filmmakers need to find innovative ways to connect to their audiences before the latter start to liken Sundance to the Metropolitan Opera, “a place you go to see a wonderful artform that you know you should respect, but that no one cares about anymore and which very few can afford to make or attend.” And the HuffPo article quoted Jay and Lars saying that too many indie producers “are too busy adapting when we should be innovating.” Film may be the new theater (or Metropolitan Opera), TV the new film, online streaming the new TV, but any way you frame it, the world of content creation, distribution, and consumption is changing&#8211;dramatically.</p>
<p>Independent producers are entrepreneurial by nature. Each feature film we undertake is a distinct startup, with rounds of financing to raise, a team to build, development and production phases, a launch (premiere), and an exit strategy (sale). We are, essentially, serial entrepreneurs, except&#8211;as a matter of survival&#8211;we have to run multiple businesses simultaneously, being in some combination of development, production, post, and distribution on different films, all at once. So why don’t we take our creativity, penchant for hard work, and entrepreneurial chutzpah, and put it all toward innovation?</p>
<p>Let’s figure out how to reconcile the artfully crafted 100-minute narrative with the public’s growing appetite for cheap and quick content.  Let’s make sense of the confusing array of social media and alternative distribution tools out there.  Let’s build on the examples set by folks like <a href="http://www.nytimes.com/2011/12/19/business/media/louis-ck-plays-a-serious-joke-on-tv-the-media-equation.html?pagewanted=all" target="_blank">Louis C.K.</a> and <a href="http://latimesblogs.latimes.com/entertainmentnewsbuzz/2011/12/indie-director-ed-burns-is-betting-on-video-on-demand.html" target="_blank">Ed Burns</a> (except let’s try to remove the “be famous already” prerequisite to their success). Let’s see if we can’t operate outside Hollywood’s lottery system, outside its control, and sustain ourselves as “middle-class filmmakers” who continue to make films that speak to people.</p>
<p>If we don’t innovate the way we make and sell our movies, the independent film space will become further dominated by two groups: young first-time filmmakers who are willing and able to work for free (and who haven’t yet maxed out the favors they can call in), and filmmakers who are already rich and don’t need a paycheck or a return.  Writers, directors, and producers who come from economically disadvantaged backgrounds, those who are older, those from immigrant and minority groups, and those who are trying to make their second, third, fourth features (to which they could apply the expertise gained from making their previous ones) will leave the business&#8211;and the scope of stories being told will become severely limited.</p>
<p>Fellow producers, I know you’re busy. I know it’s hard to tread water in a vast sea of emails, calls, contracts, scripts, screeners, budgets, schedules, financing plans, accounting statements, tax filings. I know you’re juggling so many projects, you sometimes confuse the names of your protagonists. I know you wish you were doing a better job of absorbing the continuous stream of industry news. I know there are a ton of writers, directors, composers, actors, cinematographers knocking at your door, hoping to introduce you to their work and pick your brain (and I know you’d love to meet with many of them). I know you waste a lot of time talking to “potential financiers.” I know dealing with agents, managers, and lawyers exhausts you. I know it’s maddening to hustle for paid short-term gigs in the midst of prepping, posting, or delivering your feature, or traveling to festivals and markets. I know you never get enough sleep or have enough time with your loved ones.</p>
<p>But, my dear producer pals, the next time we meet up to kvetch about work and life, let’s put our  heads together and figure out how to sustain not only ourselves, but ultimately, the art that we love so dearly, and the diversity of artistic voices that make it. There is a better way, and we’ve got to find it soon.</p>
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		<title>12 Key Traits of the &#8220;Indie-Friendly&#8221; Director</title>
		<link>http://www.ifp.org/resources/12-key-traits-of-the-indie-friendly-director/</link>
		<comments>http://www.ifp.org/resources/12-key-traits-of-the-indie-friendly-director/#comments</comments>
		<pubDate>Mon, 14 May 2012 19:28:42 +0000</pubDate>
		<dc:creator>Mynette Louie</dc:creator>
				<category><![CDATA[Audience Building]]></category>
		<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Cinematography]]></category>
		<category><![CDATA[Distribution]]></category>
		<category><![CDATA[Editing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Online Film Marketing]]></category>
		<category><![CDATA[Post Production]]></category>
		<category><![CDATA[Production]]></category>
		<category><![CDATA[Writing]]></category>

		<guid isPermaLink="false">http://www.ifp.org/?p=15156</guid>
		<description><![CDATA[<p class="wp-caption-text">Video Village, Indie-Style</p>
<p>&#160;</p>
<p>Not every director is suited for low-budget indie filmmaking, and that&#8217;s OK if you&#8217;re Terrence Malick or David Fincher. But chances are, you&#8217;re not&#8230;or not yet, anyway. I get a fair number of calls from biggish directors and producers who are having trouble raising money for their &#8230;]]></description>
			<content:encoded><![CDATA[<div id="attachment_15170" class="wp-caption aligncenter" style="width: 610px"><img class="size-full wp-image-15170" src="http://www.ifp.org/wp-content/uploads/2012/05/04.jpg?9d7bd4" alt="" width="600" height="400" /><p class="wp-caption-text">Video Village, Indie-Style</p></div>
<p>&nbsp;</p>
<p>Not every director is suited for low-budget indie filmmaking, and that&#8217;s OK if you&#8217;re Terrence Malick or David Fincher. But chances are, you&#8217;re not&#8230;or not yet, anyway. I get a fair number of calls from biggish directors and producers who are having trouble raising money for their films and want to explore how to make them on the super-cheap. I&#8217;ve entertained some of these requests, collecting funny anecdotes along the way, like the director who wanted to fly in stars from another country and rent large trailers for them, but forego unions and production insurance. Or the producer who wanted to cast an actor whose agent demanded $12,000 worth of perks, when our entire costume budget was just $4,000. As much as I want to work with these namey folks, I usually end up politely declining because I know that it will be difficult for them (and for me, especially) to make a movie on a fraction of the budgets to which they&#8217;re accustomed.</p>
<p>I&#8217;ve now worked with twenty different directors on mostly low-budget indie projects&#8211;some of whom I&#8217;d like to work with again and again; others, never again. By now, I can tell when a director is lying, even if he or she doesn&#8217;t realize it&#8211;&#8221;it&#8217;ll be 70% handheld,&#8221; &#8220;we can just run and gun it with a skeleton crew,&#8221; &#8220;all I need is an extra half day for second unit stuff.&#8221; Yeah, right. Most of the director foibles I&#8217;ve dealt with are due to inexperience and will likely resolve themselves with time. But sometimes, I wonder if some people just weren&#8217;t meant to direct&#8211;at least not low-budget indies.</p>
<p>So what are the traits that I think make a director &#8220;indie-friendly&#8221; (and more generally, &#8220;producer-friendly&#8221;)? Besides the usual traits that all directors should have&#8211;passion, confidence, focus, a high E.Q., a collaborative spirit, a sense of humor, the ability to command respect, an openness to feedback balanced with decisiveness&#8211;here are the traits that are especially important when working with limited resources:</p>
<p><strong>1. Fast Writer</strong></p>
<p><strong></strong> I&#8217;ve worked mostly with writer-directors, which offers an efficiency that&#8217;s often missing when the writer and director are different people. So much rewriting is done not just during development and prep, but also during production. Some of my directors have had to rewrite whole scenes minutes before shooting them. There is probably a lot more production-directed rewriting in the indie world since we are constantly trying to figure out how to stretch a budget. Development periods are also a lot shorter for us because they have to be&#8211;typically, no one gets paid during development; we only get paid if we&#8217;re in production. As such, it&#8217;s nice to work with speedy writers who can discuss, digest, and incorporate notes quickly to produce a shoppable draft.</p>
<p><strong>2. Adaptive</strong></p>
<p><strong></strong>Anything can happen in filmmaking, especially if you have limited resources&#8211;extras stand you up, location owners change their minds at the last minute, the G&amp;E truck takes a wrong turn and shows up 2 hours late. So it&#8217;s critical for a director to be able to adapt to these exigent circumstances and figure out how to make lemonade from lemons. I&#8217;ve worked with directors who refused to shoot because a featured extra didn&#8217;t show up. Even after I&#8217;d come up with workable solutions, the directors still resisted, insisting that the entire film would be ruined without this extra. Really? You have a set, a camera, equipment, and a cast and crew of 50 at your fingertips, and you&#8217;re just going to cross your arms and pout? You&#8217;re a creative person&#8230;create something! If it ends up sucking, then reshoot it. But for now, use what&#8217;s right in front of you and try to make something. (By the way, I&#8217;ve never had to reshoot any scene that called for an unexpected last-minute fix like this.) Being adaptive and thinking on your feet also helps when there are happy accidents. Filmmaking is organic and unpredictable, and when the right mix of elements strikes on set, a good director will know how to capitalize on it.</p>
<p><strong>3. Editing Experience</strong></p>
<p><strong></strong>It is so valuable for a director to have editing experience because she or he will know on set what&#8217;s important and what&#8217;s not, what can be sacrificed and what can&#8217;t. Indie films are scheduled so tightly that it&#8217;s often very tough to make the day. All of my feature productions have been between 19 and 24 days, shooting between 4-7 pages and 15-35 setups per day. Sometimes, shots and even scenes have to be cut on the day of shooting. A director who also edits will have a much better sense of which shots are expendable, and how to make up for losing them.</p>
<p><strong>4. Ability to Visualize</strong></p>
<p><strong></strong>This seems obvious, doesn&#8217;t it? But you&#8217;d be surprised how many directors can&#8217;t do this. Many indie directors I&#8217;ve encountered come from writing or theater backgrounds&#8211;they can write great dialogue and work well with actors, but they have no idea how to compose a frame. Yes, this is what cinematographers are for, but it&#8217;s much more efficient when a director can actually visualize what shots will look like before crew and cast go through the trouble of setting them up.</p>
<p><strong>5. Doesn&#8217;t Sweat the Small Stuff</strong></p>
<p><strong></strong>This is probably the most controversial trait on the list. Artists are, by their nature, perfectionists&#8211;and they should be!  However, the reality is that perfection is tough to achieve on a small budget. Of course, we should always work very hard to achieve it, but the obsession over minor details&#8211;like the way a curtain drapes over a windowsill in the background&#8211;should not compromise more important things like the actors&#8217; performances or the entire shooting schedule. Except, of course, if you&#8217;re making an art film in which the position of curtains is paramount. But if you&#8217;re making a traditional narrative film where the writing, acting, and storytelling are the main events, then those are the things you should focus on. A production&#8217;s budget and schedule are a zero-sum game. It&#8217;s rare to get everything you want; it&#8217;s usually very give-and-take. So it&#8217;s important for directors to choose their battles wisely.</p>
<p><strong>6. Highly Prepared</strong></p>
<p><strong></strong>One of my favorite first assistant directors, <a href="http://www.imdb.com/name/nm1189187/" target="_blank">Nicolas D. Harvard</a>, has a great motto: &#8220;Fix it in prep.&#8221; Indie films benefit immensely from directors who are incredibly diligent about doing research, shot lists, storyboards, and the like during prep. Some directors I&#8217;ve worked with have refused to do shot lists because they don&#8217;t want to be &#8220;locked in&#8221; to doing those particular shots on the day of shooting. This is silly because a good producer and crew understands the importance of being flexible on set and allowing for the organic nature of filmmaking to take its course, and would not pressure a director to stick strictly to his or her shot list. On the contrary, a shot list is what allows a director the freedom to improvise on the shoot day. Going into production without a shooting plan is very dangerous because it could easily throw the entire schedule (and consequently, the budget) off the rails.</p>
<p><strong>7. Solid Work Ethic &amp; High Stamina</strong></p>
<p><strong></strong>Making a movie is hands down the hardest work I&#8217;ve ever done. That&#8217;s why I&#8217;m so picky with my projects. I cannot imagine working so hard on something I don&#8217;t care about. So when I take on a project, I expect to work very hard on it, and I expect no less of my director. Once, during late-stage prep on a film, the director kept checking into bars and restaurants on Foursquare, and tweeting about how much fun he was having hanging out with his friends. I did not like this one bit. If I and your crew are working our asses off on your film, then you should be too. Indie directors must have a very solid work ethic, and a high stamina for long hours spent doing what will likely be the most intellectually, physically, and emotionally challenging work they&#8217;ve ever done.</p>
<p><strong>8. Vast Knowledge of Film</strong></p>
<p><strong></strong>It&#8217;s important for all directors to know the language of cinema. By knowing what&#8217;s been done before and what certain shots have traditionally communicated, a director doesn&#8217;t have to reinvent the wheel. He or she can then more easily pay homage to, do variations on, or reject conventions. Being able to refer to certain films, scenes, or shots also makes it much easier and quicker for a director to articulate his vision to the crew and cast.</p>
<p><strong>9. Articulate</strong></p>
<p><strong></strong>In all productions, but especially indie ones, a director often has to defend the creative decisions that conflict with budget or schedule limitations. As such, a director should be able to clearly articulate why he needs 5 picture cars instead of 2, or 21 shoot days instead of 20, or a Steadicam instead of doing it handheld. A good producer will listen and OK the expenditures if the director provides a strong rationale for them. Of course, it&#8217;s also beneficial when directors can clearly and efficiently communicate what they want to their actors and crew, and woo financiers with a pitch. Directors should practice untangling the creative jumble in their heads to form coherent thoughts and actionable requests (that, or find a producer who can translate for them).</p>
<p><strong>10. Publicity-Friendly</strong></p>
<p><strong></strong>Being articulate also helps when a director is promoting a film. Communicating your vision to the media and the public can be a difficult thing to do, especially if you can&#8217;t afford fancy publicists to guide you. Some directors I&#8217;ve worked with are great at making movies, but can&#8217;t write loglines or synopses, pitch their own films, or conduct coherent Q&amp;As, so I&#8217;ll have to pinch hit. But it&#8217;s really nice when they can do these things, because no one cares about the producer! Distributors also expect directors to play an active role in film promotion, especially now that the landscape is so difficult, and so much rides on the cult of personality. Bonus points for the director who is active in social media. There is no substitute for authenticity, and when a director can tweet in his or her own voice, it generates a lot more interest and engagement.</p>
<p><strong>11. Technically Adept</strong></p>
<p><strong></strong>Knowing how to use Twitter and Facebook is part and parcel of the overall technical aptitude that&#8217;s important for an indie director to have. Indie directors and producers often have to be jacks of all trades&#8211;more so than ever now that so much of marketing and distribution falls on our shoulders. When you can&#8217;t pay your Web designer, graphic artist, or assistant editor enough to be on call (or when you can&#8217;t afford these folks in the first place), you should be prepared to do the job yourself. So if you have some spare time, learn how to use video editing, photo editing, illustration, and web design programs, and of course, social media tools. You should also try to stay abreast of the latest camera and post-production technologies because in indie land, post supervision often falls to you and your producer.</p>
<p><strong>12. Appreciative</strong></p>
<p><strong></strong>Directors can be spoiled, bratty, entitled people. There is no place for that in the low-budget world, where everyone is working very long hours at very reduced rates. Directors who consistently show appreciation and respect for their cast and crew effectively motivate them, and that motivation is necessary fuel for low-budget productions. The director&#8211;not the producers or the actors&#8211;is the one who ultimately sets the tone of the production. If he or she is an unappreciative jerk, then everyone is miserable and left to wonder what all the suffering is for. An appreciative director also shares the limelight, and gives credit where it is due. And if/when Hollywood comes a-callin&#8217;, an appreciative director will remember the &#8220;little people&#8221; and &#8220;give back&#8221; by continuing to work with those who believed in his or her vision before anyone else did.</p>
<p>So there you have it! If you don&#8217;t possess most of these traits, please don&#8217;t call me&#8211;unless you are David Fincher or Terrence Malick. Actually&#8230;no, never mind, not even then. I will just enjoy your brilliant films from afar.</p>
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		<title>Film Project Markets, Dissected</title>
		<link>http://www.ifp.org/resources/film-project-markets-dissected/</link>
		<comments>http://www.ifp.org/resources/film-project-markets-dissected/#comments</comments>
		<pubDate>Mon, 02 Apr 2012 18:17:42 +0000</pubDate>
		<dc:creator>Mynette Louie</dc:creator>
				<category><![CDATA[Equity Financing]]></category>
		<category><![CDATA[Film Grants/ Film NonProfit/ Film Fiscal]]></category>
		<category><![CDATA[Film Strategy]]></category>
		<category><![CDATA[Financing]]></category>
		<category><![CDATA[International Co-Prods]]></category>
		<category><![CDATA[International Pre-Sales]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Berlinale Co-Production Market]]></category>
		<category><![CDATA[Cinemart]]></category>
		<category><![CDATA[Fast Track]]></category>
		<category><![CDATA[Film Independent]]></category>
		<category><![CDATA[Hong Kong Asia Film Financing Forum]]></category>
		<category><![CDATA[IFP]]></category>
		<category><![CDATA[Independent Film week]]></category>
		<category><![CDATA[Market]]></category>
		<category><![CDATA[Mynette Louie]]></category>
		<category><![CDATA[Project Forum]]></category>
		<category><![CDATA[Tribeca All-Access]]></category>

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<p class="wp-caption-text">Film Independent&#39;s Fast Track project market</p>

<p>Sometimes I feel like a traveling salesman, going from festival to festival selling my finished films, and from market to market pitching my new projects.  I recently participated in my ninth project market on the “filmmaker” side, and I’ve done four of them on &#8230;]]></description>
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<div id="attachment_14280" class="wp-caption aligncenter" style="width: 610px"><a href="http://www.ifp.org/resources/film-project-markets-dissected/find2010-2/" rel="attachment wp-att-14280"><img class="size-full wp-image-14280" src="http://www.ifp.org/wp-content/uploads/2012/04/FIND20101.jpg?9d7bd4" alt="" width="600" height="379" /></a><p class="wp-caption-text">Film Independent&#39;s Fast Track project market</p></div>
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<p>Sometimes I feel like a traveling salesman, going from festival to festival selling my <a href="http://mynettelouie.com/" target="_blank">finished films</a>, and from market to market pitching my new projects.  I recently participated in my ninth project market on the “filmmaker” side, and I’ve done four of them on the “industry” side, so I figured I’d write about my experiences with project markets to try to demystify them a bit.</p>
<p>What is a project market, you ask?  It’s basically a matchmaking program between filmmakers (writers, directors, producers) and industry professionals, with the goal of getting the filmmakers’ projects closer to production.  They usually run over 2-3 days, and are often held in conjunction with a film festival.</p>
<p>Examples of U.S. project markets include: <strong>Tribeca All-Access</strong> (held during the Tribeca Film Festival), <strong>Film Independent&#8217;s Fast Track</strong> (held during the Los Angeles Film Festival), and <strong>IFP&#8217;s Project Forum</strong> (which, by the way, is <a href="http://www.ifp.org/programs/independent-film-week" target="_blank">currently accepting submissions</a>).</p>
<p>Examples of non-U.S. project markets include: <strong>Cinemart</strong> (held during the Rotterdam Film Festival), B<strong>erlinale Co-Production Market</strong> (held during the Berlin Film Festival), <strong>Hong Kong-Asia Film Financing Forum</strong> (held during the Hong Kong International Film Festival), and <strong>OMDC Toronto International Financing Forum</strong> (held during the Toronto Film Festival).</p>
<p>If you are a filmmaker with few industry connections, project markets are a great way to start building your network of useful contacts.  A project market essentially “validates” you and your project, and prompts the industry to start tracking you.  These markets serve as curators of new talent, which is critical because industry professionals are so inundated with submissions that they need curators to help focus their attention.</p>
<p>However, filmmakers who get accepted to project markets should be careful to manage their expectations. If you think your film will get greenlit within the months following a project market, think again!  Chances are, as ever, slim—I think this is because project markets tend to favor first- and second-time filmmakers and less commercial projects, and because it takes time to build a relationship and mutual trust with an industry person.</p>
<p>But don’t dismay: there are, of course, a handful of films that I know found a chunk of their funding at a project market. And at the very least, you’ll get a chance to meet a lot of industry folks in a short period of time, and to start developing relationships that may later bear fruit.  The value of a project market has more to do with building relationships and a network for yourself than getting a green light for your project. Hopefully, you will have other projects in your back pocket so that if you meet someone who doesn’t like your drama, maybe they’ll like your comedy instead.</p>
<p>So…who the hell are these “industry professionals” anyway? Below is a breakdown of the industry types a filmmaker might meet at a project market:</p>
<h2><strong>Production Companies &amp; Producers<span style="text-decoration: underline;"><br />
</span></strong></h2>
<ul>
<li><strong>1. Production Companies Backed by Investors:</strong> These companies have private equity, the holy grail for independent films. Some also have first-look or overhead deals with studios.</li>
<li><strong>2. Production Companies Connected to Actors:</strong> Some have studio deals and connections to financiers. Sometimes, the particular actor must be attached, so if you don’t want to abide by that condition, look elsewhere.</li>
<li><strong>3. Production Companies Connected to Directors:</strong> Some have studio deals and connections to financiers. Sometimes, the particular director must be attached, so if you don’t want to abide by that condition, look elsewhere.</li>
<li><strong>4. Production Companies and Producers With No Backing:</strong> The vast majority of &#8220;producers&#8221; fall under this category. While these folks have no money, they do often have connections to financiers, talent agents, distributors, etc., and can help develop your script, do a budget &amp; schedule, attach cast &amp; crew, and shop your film. Every film needs a producer, so if you don’t have one, find one.</li>
<li><strong>5. Development Companies Backed by Investors:</strong> These companies focus on script development only. They usually acquire material (books, articles, etc.) and seek writers to do adaptations.</li>
</ul>
<h2><strong>Agencies and Management Companies</strong></h2>
<ul>
<li><strong>6. Financing Agents:</strong> The major Hollywood agencies (UTA, WME, CAA, ICM, Gersh) and Cinetic have financing divisions that specialize in packaging and finding financing. These agencies work on commission when shopping a project to their network of financiers, and reserve the right to sell the finished film domestically. It’s rare for an agency to take on a low-budget project unless the director or actors attached are repped by that particular agency.</li>
<li><strong>7. Domestic Sales Agent:</strong> Also called producer’s reps, these companies or individuals work on commission when trying to sell your finished film to a distributor at a festival, market, or directly. Most of them who aren’t one of the aforementioned financing agents don’t have the deep network of financiers necessary to greenlight your film (though some do). As such, these agents are most likely just tracking your project in anticipation of representing it when it’s done.</li>
<li><strong>8. Foreign Sales Agent:</strong> These guys are responsible for selling the foreign rights for your project. Some of them can offer financing in the form of minimum guarantees (MGs) at the script or financing/casting stage, but this usually requires a big star or big director attachment, or other elements that have specific commercial appeal for certain territories. Even if you can’t get that rare MG, these agents can provide foreign sales estimates that you can show to your potential financiers.</li>
<li><strong>9. Talent and Lit Management Companies:</strong> These companies can assist with cast attachments, and possibly represent you as a writer or director, thereby opening up their network of connections to you.</li>
</ul>
<h2><strong>Studios and Distributors</strong></h2>
<ul>
<li><strong>10. Studios:</strong> A major Hollywood studio has the power to fully acquire and finance your feature, but chances are, they won’t do that if you’re a filmmaker early in your career. More likely (though still pretty unlikely) is a negative pickup deal in which a studio promises to pay you an acquisition fee upon your delivery of the film to them. You would still have to cashflow this deal through a bank or other financier. Note that you should expect to give up a degree of creative control in a studio deal, especially in a full acquisition. A studio executive might attend a project market to track you as a director or writer, or your project as a potential future acquisition after you&#8217;ve finished the film.</li>
<li><strong>11. Mid-Sized and Smaller Distributors:</strong> Companies like IFC and Magnolia don’t typically finance production, but in very rare cases, they may put up a portion of the budget in exchange for certain distribution rights. But these companies are still useful to get to know since they’re among the most likely to buy your finished films.</li>
<li><strong>12. Other Distributors:</strong> There are a whole slew of smaller specialty distributors and newfangled platforms (cable VOD, online streaming sites, etc.) that are helpful to know.</li>
<li><strong>13. Distribution Service Companies &amp; Consultants:</strong> Distribution service companies will release your film for a fee, and consultants and PMDs (producers of marketing &amp; distribution) will advise you or manage your distribution, also for a fee. These guys won&#8217;t help get your film greenlit, and are probably just tracking potential future clients.</li>
</ul>
<h2><strong>Debt Financiers</strong><span style="text-decoration: underline;"><strong><br />
</strong></span></h2>
<ul>
<li><strong>14. Banks and Debt Financiers:</strong> These guys can cashflow your negative pickup deal, foreign MG deal, tax credit, or similar collateral.  It’s rare for very low-budget films to use debt financing because a portion of the financing fees (bank, attorney, completion bond, etc.) are flat, so they&#8217;ll suck up a bigger percentage of a smaller budget.</li>
</ul>
<h2><strong>Non-Profit &amp; Government</strong></h2>
<ul>
<li><strong>15. Grantmaking Organizations:</strong> Generally, grants represent a small fraction of a film’s budget, but they’re still great if you can get ‘em!  Most focus on special interests (women, social issue, etc.).</li>
<li><strong>16. Government Film Commissions:</strong> Whenever possible, &#8220;soft money&#8221; should be a part of every film&#8217;s financing plan as it can mitigate financiers&#8217; risk and give you some “free” money for your budget.  In the U.S., various states have tax credits (NY, NC, LA, CT, AK, to name a few), and in Canada and elsewhere in the world, there may be loans and grants in addition to tax credits. Sadly, soft money is disappearing due to the state of the world economy.</li>
<li><strong>17. Project Markets &amp; Labs:</strong> Project market organizers sometimes troll other project markets for submissions.  It’s good to do multiple project markets to widen your industry network, but note that like festivals, project markets don’t like to take projects that have already “premiered” elsewhere, though there are of course exceptions. These guys primarily want to meet and track up-and-coming filmmakers, and see what other projects they might have that may be more suited to their own project markets. Also sort of related to project markets are screenwriting, directing and producing labs, which can be helpful in developing your craft and connecting you to more potential collaborators.</li>
<li><strong>18. Film Festival Programmers:</strong> They don’t have the power to greenlight your film, but it’s good to develop relationships with programmers since so many indie films are launched and acquired at festivals. These guys want to meet new filmmakers and track future films.</li>
</ul>
<h2><strong>Services</strong></h2>
<ul>
<li><strong>19. Post-Production Companies:</strong> Some post-production companies grant post services, or do in-kind equity deals.  Note, however, that post equity deals will value services at full rack rates.</li>
<li><strong>20. Production Service Companies:</strong> It’s helpful to get to know the production service companies that have a lot of experience shooting in the region where your film will shoot, particularly if you’re not familiar with shooting there.</li>
<li><strong>21. Completion Bond Companies:</strong> These companies oversee the production of a film and provide assurance to financiers that a film will be completed on time and on budget (and they’ll cover any overages). But it often doesn’t make sense to bond a small-budget film because these companies require a minimum service fee and 10% contingency.</li>
<li><strong>22. Attorneys:</strong> Attorneys attend these things to track new potential clients. This is a good time to start shopping around for an attorney so you’ll have one when you’re ready to make deals. Note that some of them also represent investors.</li>
</ul>
<p>* * * * * * * *</p>
<p>I think that about covers it!  Notice anything missing?  I do: high-net-worth individuals, who are the primary financiers of very low-budget films in the U.S.  You&#8217;ll have to find those folks elsewhere.</p>
<h2><strong>Some other suggestions</strong></h2>
<p>- Write a project summary that includes: logline, synopsis, director&#8217;s statement, bios of all cast/crew attached</p>
<p>- Bring a look book, or at least some visual references</p>
<p>- Don’t hand people a full paper script</p>
<p>- If your project has both a director and producer, you should both attend because I find that pitching as a team is more effective</p>
<p>- Be conversational and keep any formal presentations short and sweet</p>
<p>- Follow up over email, and include links &amp; attachments presented at the meeting, even if you’ve already given them physical material</p>
<p>One last thing: before you start pitching to the industry person sitting across the table (whether at a project market or not), figure out exactly which of the above categories they fall into, and adjust your pitch accordingly.  Happy networking!</p>
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		<title>The Privilege of Representation</title>
		<link>http://www.ifp.org/resources/the-privilege-of-representation/</link>
		<comments>http://www.ifp.org/resources/the-privilege-of-representation/#comments</comments>
		<pubDate>Fri, 02 Mar 2012 16:54:27 +0000</pubDate>
		<dc:creator>Mynette Louie</dc:creator>
				<category><![CDATA[Casting]]></category>
		<category><![CDATA[Crowdsourcing]]></category>
		<category><![CDATA[Financing]]></category>
		<category><![CDATA[Production]]></category>
		<category><![CDATA[Children of Invention]]></category>
		<category><![CDATA[Diversity]]></category>
		<category><![CDATA[Racebending]]></category>
		<category><![CDATA[SAG]]></category>
		<category><![CDATA[Spike Lee]]></category>
		<category><![CDATA[Susan Shopmaker]]></category>
		<category><![CDATA[Tze Chun]]></category>

		<guid isPermaLink="false">http://www.ifp.org/?p=12752</guid>
		<description><![CDATA[




<p>There’s been a lot of chatter about race and representation lately — &#8220;Linsanity,&#8221; the Pete Hoekstra campaign debacle, the overwhelmingly white makeup of Oscar voters and nominees alike, Billy Crystal in blackface at the Oscars, the lack of Asian American actors on the New York stage, the controversy over the &#8230;]]></description>
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<p>There’s been a lot of chatter about race and representation lately — &#8220;Linsanity,&#8221; the Pete Hoekstra campaign <a href="http://bit.ly/zn6PJ6" target="_blank">debacle</a>, the overwhelmingly white makeup of Oscar <a href="http://lat.ms/zWP57V" target="_blank">voters</a> and <a href="http://bit.ly/AuDDNb" target="_blank">nominees</a> alike, Billy Crystal in <a href="http://es.pn/AEyjVT" target="_blank">blackface</a> at the Oscars, the <a href="http://artsbeat.blogs.nytimes.com/2012/02/14/advocates-ask-why-do-asian-americans-go-uncast-in-new-york-theater/" target="_blank">lack</a> of Asian American actors on the New York stage, the controversy over the white savior complex in <em>The Help</em>, the difficult development path of<em> Red Tails</em>, the <a href="http://www.racebending.com/" target="_blank">whitewashing</a> in films like <em>Akira</em> and <em>Hunger Games</em>, Spike Lee’s <a href="http://blogs.indiewire.com/shadowandact/23b07b50-4844-11e1-97b6-123138165f92" target="_blank">declaration</a> at Sundance that Hollywood knows nothing about black people, and so on. I’m thankful for all the recent attention given to these issues, but for many minority content creators such as myself, race and representation always loom large.</p>
<p>We know why Hollywood doesn’t like to cast minority actors in lead roles: allegedly, they aren’t “bankable.” But why not? Could it be because Hollywood doesn’t like to cast minority actors in lead roles, so there’s little chance of them ever breaking out and becoming bankable? Vicious cycle alert! So, it’s largely up to us indie filmmakers to discover the Gabourey Sidibes and Adepero Oduyes, and to hope that they will someday be able to trigger a project’s greenlight.</p>
<p>In my own experience, I have to admit: casting minority actors is generally harder than casting white ones because the pools of minority actors are much smaller. Whether this is because of socioeconomic limitations or cultural priorities or other reasons, the fact is that there just aren’t as many minority actors to choose from. Filmmakers and casting directors often have to make a special effort to seek them out.</p>
<p>For example, when we were casting <a href="http://childrenofinvention.com/" target="_blank">Children of Invention</a>, which has two Chinese American child leads, the director Tze Chun and I went to schools in Chinatown, Flushing, and Sunset Park to audition hundreds of Chinese kids. But our efforts were a bust, and we ended up bringing on the wonderful <a href="http://www.imdb.com/name/nm0794882/" target="_blank">Susan Shopmaker</a> to help us fill our fourteen Chinese roles. It was particularly difficult to find older Chinese actors. At one point, Susan said to me, “Mynette, I think you and I just have to go down to Flushing one day and pull Chinese grandpas off the street.” Tze and I did in fact troll through Chinatown’s Columbus Park in an attempt to recruit older Chinese folks to audition. Unfortunately, they all thought we were crazy.</p>
<p>Community casting may not have worked out for us in the end, but it does sometimes result in amazing discoveries—like Harmony Santana of <em>Gun Hill Road</em>, Algenis Perez Soto of <em>Sugar</em>, and Alejandro Polanco of <em>Chop Shop</em>.  But is that really worth the trouble of trekking to the far, non-gentrified corners of the five boroughs and beyond to post flyers, talk to community groups, and audition hundreds, even thousands of non-actors?  Yes, it’s absolutely worth it.</p>
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<p>It’s worth it not only because putting complex minority characters on screen can help shatter stereotypes, but also because—you producers are gonna love this—it might save you money!  I’m talking about the <a href="http://www.sag.org/diversity-casting-incentive-information" target="_blank">SAG Diversity-in-Casting Incentive</a>, which allows you to use the modified low-budget or low-budget agreements even if your production budget exceeds the typical maximums for those agreements.  This can free up tens, even hundreds of thousands of dollars to spend on extra shooting days, more equipment, better music…you name it!</p>
<p>I’m not just talking to minority filmmakers here. This goes for all you white filmmakers too, especially the ones who live in big cities like New York and Los Angeles, where you interact daily with people of all stripes. Many indie films are as whitewashed as Hollywood ones, and there’s no financial excuse for that because most of the actors in such films are unknowns anyway.  Maybe it’s because white filmmakers are afraid of offending minorities so they’d rather just not cast them at all, or maybe it’s simply because they want to depict a culture with which they are familiar.  If the former, I would say: don’t be afraid, just be sensitive (contrary to popular white liberal belief, we don’t live in a post-racial society). If the latter, I’d say: that’s totally understandable, but if your films are set in big cities with diverse populations, try not to be lazy and just cast white actors; look at actors of all races for your roles. (But please, no more <a href="http://slate.me/zAAYqO" target="_blank">ethnic-sidekick</a>-as-<a href="http://bit.ly/zFYpLM" target="_blank">hipster-novelty-acts</a>!)</p>
<p>And remember: having a minority character doesn’t mean that your film has to be about racial issues, or that you have to explain the significance of the character’s race. In fact, it’s better if you don’t call any attention to it. After all, interracial interactions and relationships are normal, natural, everyday things. And minorities are normal, natural, everyday folks.</p>
<p>I hope that all filmmakers will make a conscious effort to open up their casting pool to underrepresented minorities. Ask your casting directors to go outside their comfort zones and expand their call lists. Attend Latino, Asian American, African American, Native American, and other <a href="http://bit.ly/zD3yjd" target="_blank">such film festivals</a> to discover minority talent. These festivals screen many good films that often get overlooked by the big festivals.</p>
<p>Don’t get me wrong, no artist should have to bear the burden of representation if he or she doesn&#8217;t want to, and filmmakers should always pick the best actor for the role, regardless of race. But for me, representation is not a burden; it is a privilege. We as writers and directors and producers have the privilege of representing underrepresented groups, which gives us the potential to change people’s prejudices and perceptions, and ultimately, the power to change the world. So let’s use our power for good, okay?</p>
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