“Budgets On U.S. Independent Movies Can Still Come Down”: Zurich Summit

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“Budgets On U.S. Independent Movies Can Still Come Down”: Zurich Summit
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Production budgets on U.S. independent movies are regularly too high to make them viable in the international sales marketplace, but it’s no easy task for producers to cut them, said speakers at th…

Production budgets on U.S. independent movies are regularly too high to make them viable in the international sales marketplace, but it’s no easy task for producers to cut them, said speakers at the Zurich Summit yesterday .Rocket Science

“Budgets have come down but they still should come down a lot more”, the sales vet posited. “U.S. films often need to come down by up to 50%. It feels like if you’re making European films, budgets are ok.”producer Scott Franklin said that he was constantly aware of the need to keep budgets in check.

However, Franklin added that working down budgets had often ended up improving films. “Making those final creative decisions to fit into the updated box almost invariably makes the film better creatively, because you have to make the hard decisions. You can improve creatively with the limitations you have.”producer John Lesher noted that a part of a producer’s job is to keep their filmmakers positive, even when trimming costs.

Schumacher said that, while “the bullseye has gotten smaller”, it can still be found with the right project. “The Aaron Sorkin film [] gave me back the faith in foreign sales. It’s a domestic period court-room drama. Not the most obvious sell overseas. But then it completely sold out to independent distributors,” he said.

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