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Message
Ever wanted to invest in a film?
Posted on 1/25/25 at 12:49 pm
Posted on 1/25/25 at 12:49 pm
We all love movies here. Was looking into the possibility of setting up a crowd sourced production company here in Texas. Think of it like a donation for tax purposes with the benefit of helping create films in your state or surrounding area. It would create jobs, get you an IMDB credit and would in general just be a neat thing to do for those looking at simply reducing their tax base.
Anyway, just looking to get this started and we of course need to cast a wide net to get it off the ground. What do yall think?
Anyway, just looking to get this started and we of course need to cast a wide net to get it off the ground. What do yall think?
Posted on 1/25/25 at 1:45 pm to Richleau
quote:
Think of it like a donation for tax purposes
Except it's not, it's basically giving money away. Let me guess you are planning to run this company and take a salary
Posted on 1/25/25 at 1:50 pm to Richleau
I did donate $ to help bring back MST3K.
Posted on 1/25/25 at 1:51 pm to Richleau
Sounds unfocused (production company?) and super expensive (tax implications?!).
People get excited about projects with concrete assets attached. You'd be better off leading an actual movie project with a communicable vision.
People get excited about projects with concrete assets attached. You'd be better off leading an actual movie project with a communicable vision.
This post was edited on 1/25/25 at 1:52 pm
Posted on 1/25/25 at 1:53 pm to UltimaParadox
quote:He’s not going to take a salary per se. What happens is he gets 8 of us to invest and then we each get 8 others to invest and they each get 8 others to invest.
Except it's not, it's basically giving money away. Let me guess you are planning to run this company and take a salary
It is a well proven business model. And completely legitimate.
Posted on 1/25/25 at 1:57 pm to Richleau
I like the idea but before you waste any energy on this venture, the problem is, unless you have some deep oil pockets pitching in, it's going to be next to impossible to raise a workable budget. It's true, you can shoot movies on a shoestring budget (ie Mike Flanagan's Absentia) but there's a 99% chance the product will reflect the budget.
Are you a filmmaker or strictly looking to produce? None of this probably applies to you but I'm going to say it anyway because I've seen so many people get burned on their first attempt to crowdfund indie films.
The first thing I'd do is assemble a crew and shoot a concept trailer before you try to raise money. You aren't going to lure in any industry professionals unless you know someone. But you can find a lot of hidden gems graduating film school (make sure they're graduates because if you hire a DP midway through the course, there's a good chance he'll know how to perfectly light a scene but won't know a thing about shot composition, the rule of thirds, lens choice, etc.).
But you absolutely have to nail it. Poor audio and even subpar acting will turn investors away. And finding quality actors is also going to be an arduous task. I've helped industry ADs on shorts they directed that looked great but was ruined by bad acting because they went the "$100/8" SAG-eligible route. And just because they have "SAG-eligible" listed on their resume doesn't mean they're a decent actor.
If you have a script ready to go, it's not. Just trust me. Send it to a professional for coverage before you even think about starting the breakdown and casting process. I've heard nothing but great things about Blacklist and Coverage Ink. I work in the industry and the sides we receive on day one alone will tell me everything I'll need to know about the story. Almost every novice screenplay is filled with needless exposition. Show don't tell. If even 65% of the script is dialogue, it needs to be reworked. Even if you aren't the writer, you should strongly encourage whoever is writing the script to send it off for professional coverage until whoever is analyzing it says it's ready to go.
Not being a dick, just saying what needs to be said. A lot of people just jump into this head first because they're eager to get going. But if you're the man in charge of everyone's money, you need to ensure the product you're getting ready to create is going to put asses in seats.
Are you a filmmaker or strictly looking to produce? None of this probably applies to you but I'm going to say it anyway because I've seen so many people get burned on their first attempt to crowdfund indie films.
The first thing I'd do is assemble a crew and shoot a concept trailer before you try to raise money. You aren't going to lure in any industry professionals unless you know someone. But you can find a lot of hidden gems graduating film school (make sure they're graduates because if you hire a DP midway through the course, there's a good chance he'll know how to perfectly light a scene but won't know a thing about shot composition, the rule of thirds, lens choice, etc.).
But you absolutely have to nail it. Poor audio and even subpar acting will turn investors away. And finding quality actors is also going to be an arduous task. I've helped industry ADs on shorts they directed that looked great but was ruined by bad acting because they went the "$100/8" SAG-eligible route. And just because they have "SAG-eligible" listed on their resume doesn't mean they're a decent actor.
If you have a script ready to go, it's not. Just trust me. Send it to a professional for coverage before you even think about starting the breakdown and casting process. I've heard nothing but great things about Blacklist and Coverage Ink. I work in the industry and the sides we receive on day one alone will tell me everything I'll need to know about the story. Almost every novice screenplay is filled with needless exposition. Show don't tell. If even 65% of the script is dialogue, it needs to be reworked. Even if you aren't the writer, you should strongly encourage whoever is writing the script to send it off for professional coverage until whoever is analyzing it says it's ready to go.
Not being a dick, just saying what needs to be said. A lot of people just jump into this head first because they're eager to get going. But if you're the man in charge of everyone's money, you need to ensure the product you're getting ready to create is going to put asses in seats.
This post was edited on 1/25/25 at 1:59 pm
Posted on 1/25/25 at 2:09 pm to PuertoRicanBlaze
I appreciate your reasoned response. It’s not about ROI and more about just a fun diversion that may catch lightning in a bottle. This isn’t my first rodeo my friend. We are seasoned professionals just looking at doing it in a different way. It’s more about just giving back and seeing a different path forward than normal. Certainly isn’t unfocused in the slightest. We just want to open the opportunity for others to contribute in as little or as much as they can.
This post was edited on 1/25/25 at 2:13 pm
Posted on 1/25/25 at 2:17 pm to Richleau
quote:
I appreciate your reasoned response. It’s not about ROI and more about just a fun diversion that may catch lightning in a bottle. This isn’t my first rodeo my friend. We are seasoned professionals just looking at doing it in a different way. It’s more about just giving back and seeing a different path forward than normal. Certainly isn’t unfocused in the slightest. We just want to open the opportunity for others to contribute in as little or as much as they can.
All good, my dude. Just had to lend my not so professional advice because I've seen too many people get burned and simply give up or get caught up in legal shite storms.
Wish you and your crew all the best!
Posted on 1/25/25 at 2:47 pm to PuertoRicanBlaze
Completely understand sir. Completely understand. Thank you. Let’s make Roger Corman’s dream come to life again! That’s our goal!
Posted on 1/25/25 at 3:25 pm to PuertoRicanBlaze
quote:
But if you're the man in charge of everyone's money, you need to ensure the product you're getting ready to create is going to put asses in seats
Which is surprising, since a vast majority of crap is green lit that should never see the light of day. I guess it’s mostly about who you know.
Posted on 1/25/25 at 6:04 pm to Richleau
I donated money to the AVGN movie and it ended up being a big ole bag of shite.
Posted on 1/25/25 at 6:16 pm to Richleau
quote:
Please send me money
That’s all I saw in the OP
Posted on 1/25/25 at 7:41 pm to Richleau
It'd be fun if successful.
Maybe talk to JW?
Maybe talk to JW?
Posted on 1/25/25 at 7:59 pm to Richleau
Already exists. Its called legion m. Theyve been crowdfunding since 2016 and have yet to put out a decent film.
Posted on 1/25/25 at 9:36 pm to GeauxLSUGeaux
This. I'd love to be able to sit in on these meetings where some of this absolute shite is approved.
Posted on 1/25/25 at 10:42 pm to Richleau
I have a friend from Central Texas that financed and produced a movie. It was a giant PITA. Despite amazing reviews he lost a ton of money. He enjoyed doing it for the experience but is probably not doing it again. It won awards at Tribeca FWIW and has a 96% on RT.
If it makes it to streaming I’ll bring it up.
If it makes it to streaming I’ll bring it up.
This post was edited on 1/25/25 at 10:53 pm
Posted on 1/26/25 at 12:10 am to Richleau
I work in film and I have never wanted to invest in a film. There’s a 99% chance you’re never seeing that money again.
Posted on 1/26/25 at 1:22 am to Richleau
About 17 years ago I went in with a friend named Chris on a script called Pork Store Killer, I later got cut out and the name was changed to Cleaver. What a POS that was.
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