Really? You are still wondering it too? Let dissect that statement and dig into a "conversation"...
Okay you have a package, some package, you did it on your own, how do you know its good?
-Well, I have a great script. Do you want to hear my log line?
Not really. But how do you know it's good?
- Well, I won lots of screen writing competitions and my buddies screenwriters told me so. And they are optioned and produced people, with IMDB credits.
Do you think its good enough for experienced producer?
-It works for me.
Okay. Let's hope you have a great material in hand. Let's talk further. But you don't have a production track record whereby your financier, your funding party is going to sign off on you, wannabe producer...
-Hey, be careful I am a producer and I have a package.
-I'm sorry. Okay... Sign off on you producing the film on your own, and will require you team up with the experienced producer or established production company.
- What do you mean?
I mean just because you did the hard lifting job of putting together the package....there's still lots of hard work to be done in actually producing the movie, going through post and delivering. And by the way if you don't have a right level of experience that your financing source needs or wants to be comfortable...
-I have a great package, people offered me money, hello?
Let me finish first... This is when bigger producers will come on to a project like yours and not only comfort your funding party but insure the film gets across the finish line. And especially it get more vital the higher budget you are go up or the bigger the stars you are going after. It means not much with smaller films but it's a common practice in higher budgets where we getting involved with institutional investors and structural deals with pre-sales and banks.
-Why you are telling all that? I have LOI from a Star, she is on IMDB.
-Really? You think so or you Sales Agent told you so? Did you vet your talent with a reputable SA?
-I know she is a star. She is in a lots of movies. She is A-lister. My casting director and her agents and managers told me so. She'll be a big help. I know her quote.
Okay. Recognition factor is important. "Names" will guarantee the film will get into a major festival. Huge value for everyone!
-I know it all. Tell me something new.
Okay. The more work you've done in building up value yourself, the more leverage you will have in the situation and in the partnership.
-I'm still not getting it. What are these producers bring to the table?
They are getting your film financed and produced! They have that leverage.They know what business model to choose. They have access to distribution channels which is another beast to face for filmmakers like you.
-There are some many options to distribute the films. Why do I need another producer?
I think we done here. I tried to help. I will wait for the right packages come to me from my reliable sources like big agencies, my other friends/producers. That is a steady flow of work and fees. Cheers
-Hey, you didn't answer my question? Hey!