So is there anyone in the arts who isn’t in need of reinventing their profession? Certainly filmmakers, too, have their set of challenges in this changing world, not unlike authors, actors and musicians. This article, written by Sharon Waxman, offers some insights and perhaps some interesting new ideas for the future film. Seems to me, across the board, its time to get a whole lot more imaginative and entrepreneurial with what we love to do to turn it into something financially value-ABLE. (Able to deliver value in ways that only you can imagine.)
While this article points out some of the value social media brings to the film industry, I am not sure social media will ever be anything more than a great way to connect with others. And, as such, a way to market your product, but not a substitute for selling it to a target market who will pay for its value. Yes, ladies and gentleman, it is time we learned how to sell our value to the niche market who wants what we have to offer. Selling is not a dirty word. And it doesn’t have to be one to artists, either. And creating a niche is very lucrative and rewarding, not only for you, but for your customer too. (Trust me when I say that niching creates a win-win situation. Everyone is happy.)
We all buy things we want and love. And every time we do, and are truly happy and content with our purchase, rest assured someone did a good job selling it to us!
I am really looking forward to what Gwydhar Bratton, our new filmmaking blogger, will share with us about her experience as a small independent film company. I am looking forward to seeing her new short, titled The Visionary, too.
Written by Sharon Waxman
A new online distribution system for documentaries launched in July has found widespread consumer adoption, but is still not close to providing substantive income to documentary or low-budget filmmakers.
SnagFilms, launched by former National Geographic Films chief C. Richard Allen and former AOL executive Ted Leonsis, is geared to using the social networking tools of the web to feed a new distribution model for low-budget films.
Users can download widgets for any one of more than 550 documentaries available on the site, and watch the film — which has about 90 seconds of advertising interspersed through it — for free. SnagFilms shares the revenue, half and half, with the filmmaker.
But the films need to be seen hundreds of thousands, or even millions, of times before filmmakers can see substantive income from advertising revenue.
On the other hand, the site allows filmmakers to earn full revenue from any DVD sales, which are promoted along with the free download. And viewers are also encouraged to donate money to non-profits associated with some of the films.
â€œWe want to start to open up the expansiveness of the audience by making it free, reducing the friction of trial and error,â€ said Allen. â€œA lot of people love documentaries but if you say documentary, they say â€˜Ugh, that’s a little too much work.â€™ So we make it easy for viewers to find it, explore, and check things out.â€
So far, so good. The widgets, thanks to an alliance with AOL, has been embedded on some 20,000 websites since July, and by this week will have placed on more than 300 million web-pages, Allen said in an interview with TheWrap.
â€œThatâ€™s a significantly bigger number than what we had projected,â€ he said.
Films featured on the site include well-known and already successful documentaries such as â€œPaper Clips,â€ a documentary about the Holocaust, and â€œSupersize Me,â€ a cult hit about the fast food industry.
But it also promotes more obscure docs. The siteâ€™s homepage now features a documentary about the TED technology conference, â€œThe Future We Will Create: Inside the World of TED,â€ and â€œLife is for the Living,â€ a documentary about the debate over embryonic stem cell research.
The system comes as low-budget documentaries and independent films struggle to find distribution outlets in a landscape of shrinking opportunities. Traditional theatrical exhibition has been overwhelmingly dominated by big studio releases, crowding out independent films that have small marketing budgets and little time to gain a word of mouth following.
If it works, the model could prove useful for many low-budget films, as independent film distributors have been shuttered by major studios are gone bankrupt in the past year.
But â€œThe Secrets of the Pharaohs,â€ a documentary promoted by AOL, demonstrates the revenue limitations for the model. The advertising rates online — known as â€œcpmsâ€ — do not add up to much income for the filmmakers until the number of viewers gets to be in the millions. â€œPharaohsâ€ was downloaded 60,000 times in a period of two weeks, said Allen; but at a $20 cpm, that amounted to only $1200 in advertising revenue.
Allen declined to discuss precise revenue amounts, saying that was proprietary information.
As viewers turn increasingly to their computers for entertainment, the web has provided a potential outlet for distribution, but the problem has been how to let viewers know that any given small film exists.
Allen says the rapid acceptance of Snagfilms made him optimistic about the future of movies on the web.
â€œDo you need another revenue stream?â€ asked Allen. â€œAbsolutely. Is the revenue stream going to be something that starts out so large that you’re going to be able to do distribution? No. Do we believe it’s a revenue stream that you can track is growing? Yes.
â€œAnd we’ve seen it dramatically, number of views going up dramatically. It starts with the product being out there.â€