I hope you’re having a great week!
Before I get into things today I have two quick announcements:
1. Many of you are part of the FS Facebook Page but since FB is limiting interaction on business pages, I have started a public FB Group so we have a place to share news and have casual conversations and where I can post new blog posts from StartupFilmmaker.com. To be clear, The FS Member Forums is still where you’ll go to get specific questions answered and advice from me and the member community, and more ‘private’ conversations – the Startup Filmmaker FB Group is open to everyone and is more about sharing daily/weekly news and discussing that sort of stuff. I just wanted to have an alternative to our current FS Facebook Page which due to FB algorithms, you have no way of seeing when I post anything on there anymore :(
2. I received some excellent submissions from LA shooters/preditors – and now I wanted to see who my NYC based shooter/preditors are? Hit me up at email@example.com if that’s you!
With Sundance kicking off next week, the worldwide rights deals debate will be on full display.
Every year there’s a handful of films at Sundance that get offered attractive worldwide deals but turn them down in favor of a more DIY approach. And some of them who choose the DIY path succeed wildly – beyond any financial gains they could have gotten out of the traditional deals they were offered. And of course, a few of them fail too – and wish they would have taken the bird in the hand….
When faced with this decision before I’ve always said it comes down to your goals – some producers are quite happy to take the offer, pay off investors, and hey – they get to move on to the next project!
The ones who choose the DIY approach have another year ahead of them (minimum!) and money out of their own pocket to release on their own. So no, they won’t be moving on to the next project right away.
One of the other benefits of taking the worldwide deal out of Sundance is the chance to form a commercial relationship and do business with a company who you can now build a career with hopefully. For example, the films that take the worldwide Netflix deals, are now in the Netflix ‘system’ and have the opportunity of Netflix actually funding their next movie. So it’s sort of a two for one.
Personally I’m looking forward to following along the Sundance news next week and seeing who does what and with whom.
What about you? Any of you heading to Sundance with a film and/or have experience turning down a Worldwide deal before in favor of greener pastures? Let’s talk in the comments section below…