From Erik:
Well, I’ve been in the City of Angels less than 24 hours but it’s been a productive day! The morning started with the AFM Finance Conference, which was actually a series of two panel discussions: Current State of the Independent Film Industry and Foreign Investment: A Growing Source of Film Financing.
Current State of the Independent Film Industry
Honestly, this first seminar was a bit of a letdown, though reaffirming. Don’t get me wrong, the information was great, just nothing new. Focusing on the film industry while getting my MBA introduced me to all of the material that was discussed today. I was just hoping to get deeper insight from some of the top minds in independent film finance. However, like I said, it was certainly reaffirming for me to see that my understanding of the industry is accurate rather than purely academic.
Here are some noteworthy points from this panel discussion:
-Digital distribution shouldn’t be seen as a threat to the industry but as an opportunity for expansion. Figure out how to monetize the next generation delivery platform.
-This economic climate is a much needed film industry house cleaning that has “[cleared] out the suckers” (Modi Wiczyk, Co – Chief Executive Officer, Media Rights Capital).
-The traditional studio habit of getting rich at the expense of investors is a tired and dying model. “Construct products at a price that makes sense” (Wiczyk) and focus on returning a profit to investors (duh). Profit margins within the studio system have been shrinking…this trend is reversing.
-Banks still have money to lend to viable projects; there are just fewer banks in the game now.
Foreign Investment: A Growing Source of Film Financing
Honestly, this panel discussion was essentially a repeat of the first discussion with a new panel of experts. The information was equally insightful, but nothing new. They didn’t discuss foreign investing in much depth except to say pretty generally: emerging markets (such as India and China) are bringing new money to the table, when seeking foreign investment money relationships are key, etc.
Admittedly, I did leave the panel discussion about 15 minutes early to make another appointment, so maybe it got more interesting in the last 1/4 hour…?
All-in-all, the Finance Conference was worth the money spent to attend…if only they were giving away money…
And now, for the MAIN event…our first MOVIE STAR!!!
A Meeting with Doug Jones
Hands down, the highlight of my day was getting to meet THE Doug Jones! Don’t get me wrong, it was great getting to meet with Sunny face-to-face for the first time since High School (let’s just say it’s been over a decade for those counting), but come on, it’s DOUG JONES. Doug’s credits include: Pan’s Labyrinth, the Hellboy movies, Fantastic Four: Rise of the Silver Surfer, Adaptation, Men in Black II…the list goes on and on and on.
Doug read the script and loved it (a HUGE complement!) and, schedule permitting, would LOVE to play the role of JOHN!!! We’re thrilled that he has decided to become a part of this ever-growing project and can’t wait so spend more time with Doug, who is probably the warmest, most cordial person I have ever met!
Since I was too dumb to take a photo of Doug today and I’m not sure which pictures I’m allowed to pull from the web, just click on this link to Doug’s official site and have a look around.
Not that any news could really top this new addition to our team, but we’re going to try before the week is out! We’re planning another meeting to hopefully rope in another star for our lead role. We’ll keep you posted.
Check back tomorrow when I’ll be blogging about the Pitch Me! and Produce and Sell Your Film seminars. Thanks!
(By the way, thanks Ryan Dunlap for helping with the introduction!)
November 6, 2009
Categories: Uncategorized . Tags: Adaptation, AFM, AFM Finance Conference, America Film Market, Doug Jones, Fantastic Four, Film, Film Finance, Hellboy, independent film, Pan's Labyrinth, Silver Surfer . Author: narrowroadmovie . Comments: Leave a comment