much product and not enough demand. So even if sales are up 3%, there are a much larger number of films chasing the available dollars. Acquisition prices have been cut in half as evidenced by the fees paid at the American and Berlin Film Markets in the last year. Lines of credit have been cut due to the current economic climate. Less foreign sales due to increased competition by local filmmakers in the foreign market. It is much harder to get distribution. Many distribution companies have closed shop or reduced the number of films they are purchasing.
What can you as an independent filmmaker do to enhance your bottom line, continue to attract investors, and hopefully make a profit?
You have to use tax incentives, both domestic and foreign. Making a film in today’s market without utilizing the available incentives is just plain foolish. Be sure to utilize the US federal