Hello to all.
I am to meet with some investors very soon. The scenario sounds promising and I want to go the best route to please and help the investors get a payoff for their time and moneys. Now, some say that the old school route of shooting a film and submitting to film festivals is dead, and that niche fan-building is the key for a successful campaign that leads to a distro.
I would love to hear your thoughts on what you might want to hear as far as a distribution plan if you were an investor.
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Investors will want to see a Business Plan, which includes not just distribution but all of the important factors related to your film. Questions they'll ask themselves: Does this guy have a track record or is it his first movie? Did that movie make money? If not, does he have name talent attached to his project who DO have a successful track record? Does he have significant "skin in the game" himself? What's his FICO score? How much is he willing to borrow towards this film on his own credit cards?
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I know that some people say the festival route is dead, yet many moves still get picked up that way. Fan base building is fine, but that can take a long time. You don't build a strong, dedicated fan base quickly. But a fan base is the key to crowdfunding.
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Steven Harris Anzelowitz Suggestion on 2 books to buy 1)'BANKROLL' by Tom Malloy--How to finance your independent film, 2)'FROM REEL TO DEAL' By Dov S-S Simmons.
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Have you already looked into registering with SEC under Regulation D?
Paulette, I have not but I will right now. Steven, thank you for the reading suggestions!!
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Let me know if you need assistance with this. It's not as mysterious as it looks, but every state is different I suppose.
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Check this website out. https://www.sec.gov/info/smallbus/secg/formdguide.htm. Soliciting investors is a regulated business. To be exempt from these regulations you apply for an exemption. There is an 8 page form to fill out online, and it must be filed online. Then print a copy and trot it down to your state securities compliance office. It's nice to have an attorney do this, but it's the old chicken and the egg syndrome. You need the lawyer to get the money, but you need the money to get the lawyer. At least by filing you will have complied. When you raise your necessary capital, by all means throw as much money as possible at the feet of the best entertainment attorney you can afford.