It's very complicated. That's what I'm doing, but it's a custom tailored plan that plays directly into their system. The answer isn't yes or no, it really depends on what you want to accomplish and your level of patience.
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streaming A Fascinating Take on YouTube Productions and Prospects…
- Thread starter richy
- Start date
@mlesemann my original goal was to be a mogul, having been inspired by George Lucas' multimedia empire. Decades later, after having accomplished all my other goals, I'm not so sure anymore. I don't really want a career change, because I hear that creative professionals don't have steady income, and I'm not really concerned about proving myself, because I already have. IOW, I'm going through a mid-life crisis, so please be patient to my incessant ramblings. 
To elaborate on what I just said, this is the penultimate phase to my career, and, while I don't know how long I should be doing what I'm doing, I want to finish this part of my life before going on to the next. Again, I don't know what the next part will be, but one thing at a time.
So basically you want to eventually retire from your profession but have a plan lined up for film because you enjoy it and you're happy even if producing stays more at the hobby (or non-money making) level, but you'd rather have a good plan to give it a proper go for success.
For me, it's all or nothing - either I become a mogul or I crash. And, for now, that means playing something on youtube or self-publishing some books, hoping they will go viral and get funding from investment bankers, so I can be a mogul. Examples would be Teenage Mutant Ninja Turtles or Harry Potter.
@indietalk, I don't want to be a power player in Hollywood; I want to be a producer of science fiction films that tell meaningful stories and make money - that's my definition of mogul.
Yeah that is my plan lol
I'm writing a book now about a boy that discovers he's a wizard.
Rowling doesn't have a trademark on wizards, they've been around long before her and long after her.
I think i can do this in a way that will be a completely fresh take on the idea.
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That's my hope.
Mogul could do something like that... find a book he likes that someone else wrote and then try to produce it.
apparently thats what the studios are doing
having an eye for talent and marketable material is a valuable skill, especially if you have the money and drive to produce
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Doesn't have to be iconic like Dune or Foundation.. Any joe schmoe can point to those and think they would make good movies
there are constantly new stories being written - the talent is in identifying the ones that aren't iconic YET - and then you make them iconic.
Is that any less likely than you writing a best selling book yourself or making a youtube video that goes viral
Good point. I have been wondering if I should find an alternate way to ease myself into the industry. One way is to go into video production and/or do commercials; another is to get a position in a production house, perhaps as an in-house lawyer; yet another, as you said, is to start a production company and pitch to producing established works, even as I write out my magnum opi.
By the way, is the plural of magnum opus, magnum opi? Or is it magnum opuses? What about Magnum PI? 
Considering your age and finances I doubt you want to waste years learning the technical aspects of video production the hard way on your own.
So that means options are
1) Go to film school full time for a couple years, graduate and then write business proposals to get commercial clients
2) Work for a production house
3) Own a production house
Only one of these sounds like a Mogul to me
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Didn't quite understand...
Are you already a lawyer? LOL. If not, then you're talking about getting a JD in Law and then, at a complete minimum, passing some state's bar exam in order to be hired as an IN-HOUSE LAWYER.
Just getting to THAT point could take you awhile... Of course, in California... I believe you can take the bar exam without going to law school but you still need to have been studying law in order to become a lawyer.
Owning a production house isn't going to get you any projects either... Unless you've already created successful projects. Pitching an established work (a science-fiction novel for example) is fine. You find a science-fiction novel you like and pitch it to a studio but how do you prove to them that you can even pull it off without some kind of previous successful project?
The way MONEY and DISTRIBUTION are today? One is pretty much going to have to create and complete a project on their own first... And it better have some degree of success before a studio is going to invest millions of dollars.
I'd suggest a low-budget, high-concept science-fiction feature film with as little special effects as possible (in order to keep costs down) and get it into as many big film festivals as possible... If you can manage to get several known character actors involved? Even better.
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By a production house I really meant production company, is there a difference?
What I mean is that he can hire a director, DP, crew, etc for Apsiring Mogul productions and then produce a story that he likes.
He could pick a big annual film market and go there every year for the next 8 years or however long he is going to wait until his career change.
And then when he picks a book or writes a story, and hires people and makes it into a movie with his own money he will already have a relationship with distributors. Even if he doesn't make all of his money back, making back 80% of your money or whatever is still great compared to losing all your play money. lol. and most importantly it would leave you with enough cash to make a second movie using all the experience you just bought yourself.
What I mean is that he can hire a director, DP, crew, etc for Apsiring Mogul productions and then produce a story that he likes.
He could pick a big annual film market and go there every year for the next 8 years or however long he is going to wait until his career change.
And then when he picks a book or writes a story, and hires people and makes it into a movie with his own money he will already have a relationship with distributors. Even if he doesn't make all of his money back, making back 80% of your money or whatever is still great compared to losing all your play money. lol. and most importantly it would leave you with enough cash to make a second movie using all the experience you just bought yourself.
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LOL. I understood YOU. I didn't quite understand why one would want to become an in-house lawyer with some production company. Being a lawyer with a production house doesn't automatically get you into the room when it comes to creating projects. You'd have to eventually parlay your position as a lawyer into an executive who greenlights projects.
