good thing for anyone who makes movies. With an award comes publicity, and publicity is the life blood for filmmakers and their careers.
Film distribution companies send people to film festivals to purchase products and they always follow the publicity to find their products. Many of the purchases they make are small movies made by people with very small budgets. An independent filmmaker can make a good profit from one of these distribution deals and make themselves bankable at the same time. If they can sell their movie to a distribution company, there is a good chance that they will be able to make more films with bigger budgets using money from investors, instead of their own hard earned money.
It is very important that you choose the right film festivals to enter your movie if you want to increase your chances of winning an award. Of