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Thursday, July 9, 2020

Currency Can Kill Your Movie

Hedging currency for a film production is one of the toughest decisions a producer makes. It’s the practice of managing losses, as opposed to capturing gains...

I LOST MY INVESTOR!

As a finance person, I spend a lot of time cleaning up after producers, which makes it easy to opine on their shortcomings and how they can better themselves. But I also spend just as much time cleaning up after investors who’ve jumped ship.

Film Closings’ Response to Chicago Tribune & Screen

Film Closings was featured this week in a Chicago Tribune article as well as in Screen juxtaposing what others in the state were saying and rallying for when it came to the IL film incentive. This post gives a broader understanding to our view on the credit climate overall. As well as a Pop Quiz.

Film Funds: It’s Not You, It’s Them

A lack of funding options is creating opportunities for new funds to enter the indie market; understanding their funding criteria is Job #1 for producers...

The IL Film Tax Incentive: Don’t Kid Yourself, Studios Aren’t Moved By It

It may surprise Chicagoans to hear, but Movie Studios don’t care about the Illinois tax incentive. In general, the only studio films that come to Illinois are those that have already established themselves with the "Cheaper than New York to film" Chicago look, like 'The Dark Knight', or those films that actually need Chicago, ‘Public Enemies’...

Highlights From The 3rd Annual Film Finance Forum: Part 2

Last week I moderated Variety's panel on “How to Make Crowd-Funding Work for Filmmakers” and it marks a seminal moment in the convergence of filmmaking and technology. Hear me out...

Power to the People: The Democratization of Film

For indie filmmakers, Production is the first of the three barriers-to-entry to crumble under the weight of the masses. Finance and Distribution are next.

Chinese Film Funds: A Cookie Without A Fortune

It seems you don’t have to swing a dead cat very far to find a project that has Chinese money attached. What’s the lowdown on this foreign dough and is it for real?

I Know Your Financial IQ

A finance plan is the best indicator of a producer’s financial I.Q. -- it helps you see the forest through the trees. If you're financing your project with something other than friends' and family's money, or for less than a million bucks, then you can probably go without one. For anything beyond that, you're going to need one, and if it doesn't look like this......then you don't have a finance plan.

The Kids Are Alright, But What About The Producers

With 20 producers credited, The Kids Are Alright is poised to be this year's annual Academy Award controversy over who gets the Oscar.

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