How Movie Reviews Influence Independent Film Financing
Hollywood and the financial environment of independent cinema are changing because there are many new technologies that have altered the filmmaking and movie reviews process. 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can train and work with a mentor. 2) Traditional fundraising methods to secure film distribution are becoming outdated, while new funding opportunities for independent filmmakers are emerging.
Big productions are favored by international financiers. In the past, many of the large studios have used German tax shelters, New Zealand subsidies, and pre-sales to fund big blockbuster film projects. But what of the independent filmmaker? Where can he get funding for his projects?
Right now, the digital revolution is not only changing the way films are made, but how films are distributed. Independent filmmakers no longer need a large distributor because faster broadband now allows people to watch movies from their computer screens. Some films are simply available for anyone to purchase from the film’s website online. “The Fall of America and the Western World” is one such film.
In the future these changes will expand all of the opportunities for independent filmmakers who are hoping to receive funds for their film projects.
There are also online companies that match filmmakers with distributors and/or investor nowadays. 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. These movie reviews lend credibility to filmmakers when they are seeking investors.
The filmmaker would submit a description of their film for consideration to these online websites. Investors can then review those projects in need of funding at their own pace. They in turn can directly contact the filmmakers, which cuts out any middlemen as was popular for film financing in the past.
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. Sponsorship allows filmmakers to receive funding from sources that limit their funding to nonprofits.
There are many other websites that link independent producers with investors, which encourages fundraising by allowing producers to post website ads and information about projects for investors.
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