How To Video Challenge
FILMMAKER
The Magazine of Independent Film

FILMMAKER BLOG Blog RSS Feed

Tuesday, November 18, 2008
THE SAME OLD STORY... 

There's not much new in this Bloomberg story about the indie film scene. Too many films have been made, distributors are shutting down, and the whole indie-film economy is out of whack. It's just another one of these recaps being narrated not in Variety or Filmmaker but in the mainstream business media, and the constant retelling of this tale has to be having an effect on potential film investors. Gone are the stories of filmmakers hitting gold with their low-budget labor-of-loves. Those have been replaced with tales like this one, from the lede:

The 55-year-old filmmaker borrowed $170,000 to complete ``Lady Magdalene's,'' a comedy about an Internal Revenue Service agent assigned to manage a legal Nevada brothel in tax default, he says. He hasn't found a distributor, and the home in Pahrump, Nevada, he planned to sell isn't worth enough to cover the debt.

``Our backup was going to be the equity we had in real estate, and that equity has been wiped out,'' Schulman said in an interview. Given the film's potential commercial appeal, ``You'd think distributors would be coming to us.''


# posted by Scott Macaulay @ 11/18/2008 05:36:00 PM
Comments (3)

 
I read this stupid article. I love how the producer declares his film commercial and is shocked how distributors aren't lining up to buy his film. What fantasy was he living in? And that sentence is meant to sum up the idea that even commercial films can't make it these days. What a load of crap.

To be fair, these downer stories in the paper aren't just about the film business. The whole world is tanking. Every industry is screwed. Film, even indie film, actually seems better off than most of the others. There's always a shake up of indie distributors every few years.
# posted by Anonymous Anonymous @ 11/18/2008 6:42 PM  

 
I agree with you. And these woe-is-the-indie-filmmaker stories come in waves. I remember a doc made years ago, "To Heck with Hollywood," that also featured filmmakers losing their homes because of their films.

But you are right -- economic distress and "creative destruction" are not limited to film right now by any means. Although I do think, also, that the huge amount of production of recent years may be part of the larger bubble that has just burst.
# posted by Blogger Scott Macaulay @ 11/18/2008 7:34 PM  

 
I'm not sure that the number of indie films was the reason that all these distribs went under. I know that seems to be the common wisdom, but it stinks a little to me. Sure, there were a lot of films getting made, but most of them didn't get any distribution in the theaters at all. A lot them made decent money on DVD, but that never gets reported. And a lot of the ones that got into the theater were just stuck into a theater in NY or LA with no intention of making any theatrical money. Remember, the "window" is shrinking and all that.

There may have been too many films from a distributor point of view, meaning that there was too much competition. But from my point of view, ie. the audience, there was barely anything out there to see. I could have used a few more films. Obviously, I don't live in NY.
# posted by Blogger clarax @ 11/19/2008 5:15 PM  


This page is powered by Blogger. Isn't yours?



WINTER 2009

RECENT POSTS

SHORTLIST FOR BEST DOC
"BEST FILM NOT PLAYING" LAUNCHES WITH SITA SINGS T...
VARIETY: KILLER SELLS STAKE TO GC CORP
APPLE'S 5 BUCK MOVIES
ADRIENNE SHELLY FOUNDATION & GALA
GUS VAN SANT ON MAKING MILK
BURROWING INTO THE BURROWERS
NEW ORDER REDUX
TOUR DE FOURS: EPISODE 3
NEW MTV INTERNET CHANNEL SHOWS... MUSIC VIDEOS


ARCHIVES

Current Posts
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
February 2007
March 2007
April 2007
May 2007
June 2007
July 2007
August 2007
September 2007
October 2007
November 2007
December 2007
January 2008
February 2008
March 2008
April 2008
May 2008
June 2008
July 2008
August 2008
September 2008
October 2008
November 2008

home | archives | blog | resources | fest circuit | back issues | buy print subscription | buy digital subscription | digital sample | subscription FAQ | advertise | contact

© 2009 Filmmaker Magazine