I'm working alongside a production company who is trying to raise finances privately. We have a great story (ie access to talent, distribution, management) investors might be interested in hearing. What is the best way to go about finding independent film investors? Our budget is looking to be in the $8 million.
Our team on the funding side has been more involved in financial world. It would be great to generate some contacts that could facilitate prospective investors
The best way to go about finding independent film investors is to have your team that has been
involved in the financial world contact people who are looking for risky yet potentially extremely
profitable ventures. Most people involved in the financial world know the ins and outs of this
kind of high risk, high potential investment.
=============================================
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert, essayist (1754-1824)
=============================================
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert, essayist (1754-1824)
I think this option is extremely hit-or-miss. Another way to finance your film is through crowdfunding- lots of contributions from a lot of people can get your movie funded.
A site called IndieGoGo is doing this- it's a platform where filmmakers can post their projects and connect with their fans to raise money. $8 million is a lot, but at least you could try to raise a portion of it on this site. Then you'll have more support, which gives more incentive to invest.
Check it out: www.indiegogo.com
quote:
Originally posted by certified instigator
The best way to go about finding independent film investors is to have your team that has been
involved in the financial world contact people who are looking for risky yet potentially extremely
profitable ventures. Most people involved in the financial world know the ins and outs of this
kind of high risk, high potential investment.=============================================
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert, essayist (1754-1824)
There are a dozen sites out there that do this - "crowdfunding"
Can you tell me how many feature films have been fully funded using this method?
How many of those films went on to get distribution?
How many films are listed on the site?
I'd like to know a percentage comparison of listed to financed to distributed.
Is a site like yours less hit-or-miss than other methods?
=============================================
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert, essayist (1754-1824)
=============================================
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert, essayist (1754-1824)
There are over 300 films on the site as of today. So far, three films have reached their funding goals on IndieGoGo. Granted, their funding goals are a lot smaller than $8 million (say $20,000 or $30,000), but they were funded nonetheless. Feature films haven't happened yet, but the site is only 6 months old. I say its only a matter of time.
I'm not saying that this is the only option, either. I don't think you can raise $8 million on IndieGoGo. But I think if you have 100 fans who support an idea for a film, and show their support through monetary contributions, then there's proof that a film is worth getting financed by an investor.
What do you think?
quote:
Originally posted by certified instigator
There are a dozen sites out there that do this - "crowdfunding"Can you tell me how many feature films have been fully funded using this method?
How many of those films went on to get distribution?
How many films are listed on the site?I'd like to know a percentage comparison of listed to financed to distributed.
Is a site like yours less hit-or-miss than other methods?
=============================================
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert, essayist (1754-1824)
I have to say 1 out of 100 qualifies as hit or miss.
There is an article in the most recent movie maker about how dumb of an investment indie film is, and how to get investors over that. I tried to find it online but no such luck; if you're interested you can pick one up.
But unless you can show a series of profitable films, you're probably SOL and you'll have to make the film for cheaper.
I, too, feel your option is extremely hit-or-miss. No features yet
and only 1 in 100 shorts financed. But hey, there are three filmmakers
who can say they got their movies financed this way, so maybe it
is the wave of the future.
At least for very low budget (under $10,000) short films.
quote:
Originally posted by gogobrianI'm not saying that this is the only option, either. I don't think you can raise $8 million on IndieGoGo. But I think if you have 100 fans who support an idea for a film, and show their support through monetary contributions, then there's proof that a film is worth getting financed by an investor.
I've been involved in financing over one hundred movies. I can say
from experience that showing investors that 100 fans on a web
site like the idea won't translate into actual dollars invested. The
research has shown that less than .01% of fans of a movie in
development will actually pay to see it.
Of course we aren't talking huge studio films with stars and millions
in advertising - than number is much higher. We're talking the kind
of movies being pitched on your website - movies made by unknown
directors with a cast people don't recognize.
Typical low/no budget projects.
I hope you stick around the boards and keep us informed. It would
be great if this method became a serious alternative to financing
feature films.
=============================================
The aim of an argument or discussion should not be victory, but progress.
Joseph Joubert, essayist (1754-1824)
Funding a movie in small increments takes time. A lot of the movies on IndieGoGo are in the process of funding, and they will soon reach their goals. A lot of the movies on the site are posted for marketing purposes only, and aren't looking to raise money. And a lot of the movies have not opened themselves up for funding yet- they are still building up their audiences and promotional tools.
IndieGoGo.com is a tool for filmmakers. There are feature films that are raising money through the site and getting money from other sources. We're just trying to provide a viable resource for filmmakers to get their films made.
www.indiegogo.com