I mean, these things must work, otherwise they wouldn't be around, and some of them seem to offer pretty good services for a pretty low price.
These things work for the people putting them together. They
make money of the fee writers are charged. In many cases
the companies who go are paid a fee, too. In other cases it's
a nice tax write off and good publicity. I'm not in anyway
suggesting these pitch fests are scams - they are not. They
deliver exactly what they claim to deliver. As 2001 said, the
workshops can be worth the money. Many writers say they
have gotten business cards and have gotten nice reactions,
but actual options or sales....
Like at the Expo you basically get to connect with all the major agencies and production companies, and even Logliners has some thing where they're bringing in the Head of Development at Lionsgate!
You're sounding like a pitchman for these pitch fests. I don't
know that a coupe of minutes pitching along with 200 other
writers who have paid money to be there can be called
connecting with agencies and prodCo's, but for many writers
that's the only way they will sit in front of an agent, manager
or development person.
All the majors who go send very junior people because a pitch
fest is a drag. I have gone twice - as a very junior reader with
a prodCo. I'd say that 98% of the pitches I took were terrible.
That really drags on you after a few hours. Which is why no
senior member of an agency or prodCo is going to go.
But the hope is great with all of us. And the hope of being "the
one" who is the exception is why these pitch fests exist. Along
with making some money off the hopeful.
If any writer has the money and time to spare I think a pitch
fest is a good experience.