When Soderbergh Speaks, Indie Filmmakers Listen
The Business of Independent Film
For the past few years, the business of creating independent film has faced many challenges. Outside financing has suffered from the “Great Recession” as banks stopped lending, Federal Section 181 film tax credits have evaporated, State film Tax credit programs have imploded from scandal and debate rages about the effectiveness of such programs. Three of the six major studios axed subsidiaries that had specialized in buying independent films. Consumer spending is transitioning from buying movies to simply renting them.
However, sales at film festivals continue to inspire filmmakers. So do seasoned, household-name producers. I was recently turned on to the text of Steven Soderbergh‘s speech at the San Francisco International Film Festival. Soderbergh discusses the state of the film industry and fellow indie film producer Ted Hope shares how encouragement and inspiration from Soderbergh kept him in production.
Every independent filmmaker should listen.