Todd quick question. I keep hearing indy filmmaker maxing out credit cards and their life savings for their projects. I am assuming that you guys intend on striking a distribution deal at one of the film festivals to compensate correct?
Unfortunately this is true for most of us indie filmmakers. We did have investments of $25,000 but I did purchase the equipment on credit cards. Not the smart thing to do but it was the only thing to do (in order to make this film).
I graduated with high honors with an BFA in Performance so that right there goes to show I'm a gambler. The success story of those who did exactly what I'm doing always encourages us (but there are so many non-successes you never hear about that bring reality into the mix). I really believe this film has potential (at least to make it's money back) but it isn't going to be easy. We have to hope for a big festival to take a chance on us and we have to have a smart PR campaign. Promote. Promote. Promote.
As far as the credit cards. Yes, I have to work hard to pay them off and I have lost sleep over them. But I had to take this chance. Like I told my wife "If I don't do this (make the film) I know what I'll be doing a year from now and the year after that and so on. But if I do this film, who knows what I could be doing a year from now."
This is the kind of business that things can happen 'overnight'. Granted you have to have a great script, great acting, great.... well, you get the idea. The way I see it, this film is 'my stock market' and I've made a huge investment (and we've seen how the real market works). This film is also my second eduction. This film is my last chance.
I do have other talents to fall back on and this film can become my resume (aside from writing, directing, producing and acting) I did all of the editing, sound production, logo design, poster design, music, website, etc.) so at the very least I can work freelance.
If this film does become 'successful', I probably wouldn't recommend to other new filmmakers to follow this path and get in over your head financially, but as i've said before, I'm a gambler...
Todd