Picking up where I left off last week, having been given a trial subscription to Variety Insight and Vscore, I highly recommend it. It’s a wonderfully comprehensive service and does, as the name suggests, offer a wealth of insight. Like IMDB, Vscore rates popularity of actors across a “variety” of sources. From TV, film, awards and social media, an actor’s entire career is given a score.
This weekend I started to write the business plan for In Mind We Trust. While I’m modeling it after my plan for SOS United States, I did take a review of my original business plan for Justice Is Mind that I wrote in 2011. Needless to say some updates are in order.
When I wrote the plan for Justice Is Mind, it called for no theatrical release and signing with one distributor for VOD. So what changed? Theatres are embracing independent film (thus our theatrical release) and that distributor I was going to sign with changed its revenue model so now the payout to filmmakers is literal pennies based on minutes viewed. Terrible for the filmmaker but gangbusters for the distributor. Needless to say, they aren’t distributing Justice Is Mind.
Putting aside the story itself for a moment, In Mind We Trust is a unique film from the point of view of the characters. In addition to bringing back the majority of the stars, co-stars and some featured characters from Justice Is Mind, new starring, co-starring and featured roles now exist in In Mind We Trust. The goal is to attract some “named” talent to these parts for marketability.
While the industry has changed from a distribution point of view, and while you can get distribution with talented although largely “unknown” actors, the fact does remain that named talent does bring sales and marketing cache to a project. In addition, it also opens up additional distribution opportunities. However, as we have all seen, there is simply no guarantee of success one way or another. That being said, it’s about complimenting these roles with actors that would bring some gravitas to the characters without taking away from the overall story. In other words, not just putting in “so and so” to say we have “so and so”.
From the Chief Justice of the Supreme Court, Senator Caraway, General Blair and Hilma Miller, there are some great opportunities for named talent to be part of In Mind We Trust working alongside some of the actors that brought Justice Is Mind to life. Indeed, I can just imagine the marketing and public relations possibilities of such a pairing!
The goal, of course, is to put together a plan that’s not only attractive to financiers but making sure it reaches the right parties. This is the process that can take some time. Indeed, it took over a year to find the investors that saw my vision for Justice Is Mind. The great thing about In Mind We Trust is that Justice Is Mind has done well in the marketplace. It proves that there’s an interest in the original story that I’m looking to expand upon with the sequel.
During the course of any week there are a mountain of activities I try to accomplish. From pitching media, potential marketing partners, additional distribution outlets, theatres and investors. It’s just part of the world of independent filmmaking and making your voice heard in a literal sea of other projects. The word “filmmaker” means a bit of everything these days.
Just this week Jon Reiss published a post on Seed & Spark that claimed 30,000 – 50,000 films are produced on an annual basis with limited (if any) distribution options. Yes, I have come across filmmakers that after the “one big screening” you never hear about that film again. Or, worse, they thought film festivals were going to be the answer for revenue. At the end of the day, there really isn’t a right or wrong answer because every film is different. For me, it just comes from a near obsessive drive to market my projects and controlling my rights. I’m fine with signing some rights away if the deal makes sense—but it has to make sense not only for the film but for the wallet as well. Bottom line, I, along with so many others, have worked too hard to see something disappear.
When I was publishing magazines, my former staff can attest to my determined push to give the magazines their widest possible distribution. The same holds true for my film projects. I’m not going to wait for opportunity, you present an opportunity for someone to consider. The world of filmmaking, is getting more competitive and involved from a technical and logistics point of view. But in my opinion, it’s also opening a world of opportunities. It’s just like auditioning. You might go for fifty auditions, get five callbacks and maybe one gig. The same is true when I presented Justice Is Mind for our theatrical release. I probably pitched fifty plus theatres. In the end a dozen picked up the film and we had a theatrical release with reportable revenue.
This weekend I finished some editing updates on In Mind We Trust the sequel to Justice Is Mind. My next steps in the process are the development of a business plan and laying the ground work. But like I do for First World and SOS United States, I present these projects in multiple levels. Yes, all three of these projects can be produced on the “indie” route or could involve a “mid-studio” level budget. It really just comes down to what makes sense.
If there is one thing that came out of the Academy Awards this year was that independent films were front and center. The studio system is sadly leaning primarily towards tent poles and super hero films. While I have no issues with that (I loved the Man of Steel), it will, simply by market demand, create opportunities for smaller films. As one of our supporters who saw Justice Is Mind in a theatre said on Facebook this morning, “I thoroughly enjoyed Justice is Mind and am certain that the sequel will be just as good, if not better. I also feel that Justice is Mind was far superior to many of the films that hit local theaters.”
While any filmmaker loves comments like that, I also know that Justice Is Mind has not been for everyone. That’s the world of filmmaking or any performance art, you develop a thick skin that accepts both accolades and admonishment.
This week should start pretty interesting. I’ll be testing Variety Insight & Vscore’s service for the next couple of days. I had a demo on Friday. It’s a fascinating and comprehensive service.