β€œStrategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” ― Sun Tzu

Posts tagged “escrow

Film Finance Tips, Funding Endeavors and Film Updates

(Soon it will be out to Tricky T’s post facility for Harsens Island Revenge music & sound)

A sunny yet chilly morning here in the Michigan. I’m sipping by hazelnut coffee and smiling upon my great week. I just updated our summary sheet for our next film HOT ROD LOVE, which we took a few more steps this week towards full funding. We will be funding and bringing on sponsors for March/April and once all commits are in place we will move to official pre-production for a Summer shoot. Only because it came up twice this past week, we’ll share a little finance secret that might be helpful. We only gather verbal commits until we have our full budget. We take ZERO actual dollars until we are ready to move. It avoids putting money into escrow or a holding account until full funds are raised. We also do not start any spending until we have the funds to complete the entire film. I was asked that twice this week and the other parties loved my response. Many filmmakers could be tempted to touch money before it is all gathered. I was even hired many years ago on a project that was funded off moving funds. By that I mean monthly a flow of income was flowing in and spent but it hit a snag with the flow when the tax incentives got repealed and FULL STOP. A legal/financial mess for the company and a true artistic disappointment. GATHER all your funds needed to finish the film in one place. Have a strict budget and stick to it as if your life depended on it. These are little gems believe it or not. Again on ‘Hot Rod Love’ if you are curious about involvement in motion picture feel free to email me. Our sponsors are starting to line up also and I’m exciting to plan a location scout soon once we get funding a little further down the road. Steps. Every week is little steps.

(Curran Jacobs and Samuel Peterson in Silent Night in Algona)

Development is front and center and we also are forced to plan years ahead. Nothing moves fast in the development of film in my experience. The SPIRIT LAKE MASSACRE project is soon to start presenting to parties in Iowa. I had a great conversation with an actor/filmmaker from Iowa that we worked with on SILENT NIGHT IN ALGONA. He’ll be joining the development team in Iowa giving us some boots on the ground with film experience. Once funding in place he will be helpful in assisting with location lock down. In the same area but completely different circles is another film that has just moved into development. Curran Jacobs who directed FOR THE LOVE OF CATCH, WATCH HERE: (https://tubitv.com/movies/702767/for-the-love-of-catch?start=true&tracking=google-feed&utm_source=google-feed ) It’s an amazing documentary film on the history of grappling and Catch-Can. This will be Curran directing his first narrative feature. It is still having its presentation materials put together but will be an amazing directorial debut. Waiting on one more official signature on the engagement docs but we’ll take this year to work on funding with the year after targeted to film.

(Shane Hagedorn in Silent Night in Algona)

Touching back on the above mentioned SILENT NIGHT IN ALGONA, I got to hear some wonderful feedback from multiple people about our story. This also included a former Governor of Iowa who really loved it. This film is still going strong and we’re turning our focus towards foreign territories. I think I mentioned that this summer the film will be going to subscription based video on demand on UP Family & Faith channel. The film will also be at the International Christian Film Festival and could bring home some recognition. It is already a winner in my book by the history it preserves and the audiences moved by this true events story.

(The Scouting team on Hardens Island Revenge – lotta work before cameras ever roll)

Harsens Island Revenge

Our director Carl Weyant is back from his holiday trip to Brazil. Not this coming week but the week after we’ll be watching the first cut of the film. And I’m going to be putting plans in motion to see about filming our opening WW1 scene the second to last weekend in March. David Reardon if your reading this- πŸ™‚ If not AI on my face. Just kidding. We’re making plans to get back on the military base where the pick up scene will be shot. It will be only a Skeleton crew to film the one scene. We will also look to get some voice over recorded when our lead David Reardon is in town. It is always exciting once the film is picture locked and music and sound bring it to life. The Behind the Scenes video should be polishing up soon. I know Adam Towner editing wanted a few pieces from our director but that will be exciting. Trailer. Posters. Many very cool things will be coming!

MISC. FILM UPDATES

  1. Awaiting the release date for the IN THE WOODS Blu Ray which will be exciting. Many cool pieces available to prepare for this release. Read last weeks blog with links to making of/script book, novelization and my prequel script released as a book.
  2. KNIGHT CHILLS – I’m starting to look at select horror platforms to release the HD remastered version of the film on. If you have some favorites let me know.
  3. FROM VENUS – CDI’s 2nd film from the classic collection is a SciFi spoof with some HP Lovecraft influences. I got a peek at some amazingly cool artwork by the talented Tom Miller. I’m loving it! I’m looking to make that Blu Ray deal soon! Once remastered it too will follow Knight Chills into streaming.
  4. A NEW Ghost Town the movie theatrical trailer is almost done. Taking some first steps to prep this film for some new release opportunities but I want to start with a theatrical putting it back into theaters. I also want to stream on some western theme platforms.
  5. AN ORDINARY KILLER might follow a similar release pattern to Ghost Town but working to get the foundation of this film solid again. It played ABC network back in the day and is a great based on true events solving of a 28 year old cold case.
  6. I’ve been seeing some great test footage from some of the video game development going on for some of the CDI properties. More on this as it develops.
  7. End of Year business taxes are almost all done. I’m so appreciative of our CDI team and accountant friends who make this an easier process. Running multiple companies can be trying and it truly takes a team of people.

I think that is enough film updates for the week. On more mundane updates the dry but cold weather allowed dog poop pick up and I got to try out my new wood chipper. I chopped up a bunch of stick and ended up with some pretty nice mulch. I’m excited about the coming year with the planting of more clover. The chickens are ramping up their egg production which is good. Our herb garden beds will be providing again but some are already. Sage and Orange Thyme are pretty hardy. I also like the Holy Basil which again makes a great tea. The power of herbal teas is real. I’m going to take the rest of the day to relax, recharge and get organized. Tomorrow I’ll be back at it and I hope all of you also have a productive week. Until we chat here again!

Be good to one another!

DJ