A fun story from NPR about the resurgence in popularity of a drive-in theater in Illinois. Having survived the onslaught of home video, the theater has become a social hub for local families. The result? They’re knocking down an abandoned cineplex to add a third screen.
The takeaway for filmmakers: there are all kinds of ways to watch movies, and therefore all kinds of ways to get your movie seen. You just need to find the hook that makes your screening an event.
Planet Money is one of the best podcasts out there, and in this episode they strike close to our collective heart: the accounting involved with film distribution. This should be required listening for every filmmaker looking for distribution for their film. After hearing this, it should be no surprise that independent filmmakers are routinely screwed out of their share of a film’s proceeds by creative accounting similar to what the studios use. It’s fascinating, terrifying stuff.
There’s this weird thing in the movie business: Almost all movies lose money. Except they don’t, really.
On today’s Planet Money, Edward Jay Epstein, the author of a recent book called The Hollywood Economist, explains the business of movies.
As a case study, he walks us through the numbers for “Gone In 60 Seconds.” (It starred Angelina Jolie and Nicolas Cage. They stole cars. Don’t pretend like you don’t remember it.)
The movie grossed $240 million at the box office. And, after you take out all the costs and fees and everything associated with the movie, it lost $212 million.
This is the part of Hollywood accounting that is, essentially, fiction. Disney, which produced the movie, did not lose that money.
A. For us, Purple Violets didn’t have the highest profile. I don’t know how well it did for the financiers. The problem I’ve had the last couple years is, you make these films, you get released in New York and L.A., and then you’re going to platform from there. A lot of times you don’t get beyond the second platform. But I’ve always had the ability to get pretty decent publicity for my films. You have, let’s say, people in St. Louis and Kansas City and Cincinnati who might see Selma Blair onConan talking about the film, get really excited for it, and then it doesn’t get to that city. And by the time it comes out on DVD, they’ve forgotten about seeing Selma Blair and getting excited. What the iTunes thing enabled, in the moment when you have your greatest heat, publicity-wise, everybody who’s into your film can access your film. For the small movies, that’s probably the model that makes the most sense.
A. For us, Purple Violets didn’t have the highest profile. I don’t know how well it did for the financiers. The problem I’ve had the last couple years is, you make these films, you get released in New York and L.A., and then you’re going to platform from there. A lot of times you don’t get beyond the second platform. But I’ve always had the ability to get pretty decent publicity for my films. You have, let’s say, people in St. Louis and Kansas City and Cincinnati who might see Selma Blair on Conan talking about the film, get really excited for it, and then it doesn’t get to that city. And by the time it comes out on DVD, they’ve forgotten about seeing Selma Blair and getting excited. What the iTunes thing enabled, in the moment when you have your greatest heat, publicity-wise, everybody who’s into your film can access your film. For the small movies, that’s probably the model that makes the most sense.
According to a YouTube spokesperson via email, “When we announced YouTube Rentals in January we said we would be creating a destination after more partners joined the program. To date, we have nearly 500 partners that have joined our Rental program.
YouTube’s online rental concept was introduced at the Sundance Film Festival in January and it looks like their model of presenting films currently running the festival circuit will continue. For example, you can rent Metropia (which has played extensively in Europe, at Fantastic Fest, and is now playing at Tribeca) on YouTube for $5.99.
My argument here is really with the notion that a premiere at a major festival is your point of maximal awareness. It’s not, never has been and never will be, unless such festivals do a lot of re-visioning of what they are and how they operate.
It’s truly a sign of the self-absorption of the entire industry that they can think this is remotely true.
I think we’re assigning and bemoaning this dwindling commercial purpose to small festivals retro-actively in light of a perceived dearth of distribution deals – a dearth which, again, is only really relevant to festivals that were the hosting space for sales in the first place, and entirely irrelevant to the continued purpose of the small festivals who saw no such activity in their meeting rooms. Most annoyingly perhaps, small festivals gamely play along, trotting out their one or two success stories as bait for a system that never functioned for them or their filmmakers in the first place.
This is the first of five thoughts Saskia intends to post on the subject of festivals as they relate to distribution – I can’t wait to read the other four.
Eric Kohn’s article in indieWIRE explores a new startup concept from Arin Crumley and Kieran Masterton.
OpenIndie.com will allow filmmakers to input their e-mail lists and discover locations with high audience demand. The grassroots strategy allows movies to reach their intended audiences with a community-based approach. Because the site is open-sourced, anyone can enter a location into the site and figure out the level of interest for specific movies.
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