Netflix might end up becoming, essentially, another movie studio, just as they’ve basically become another TV network. I think this could be beneficial to consumers (and filmmakers) insofar as the studios would have a competitor with the economic reach to compete with them whose business model would be rather different.
This week’s Racking Focus looks at Netflix and the future of pre-sale financing.
Instead of going to the Cannes Film Festival, filmmakers could be going to Las Vegas for a digital convention in order to pre-sell VOD rights to Netflix. Indeed, Netflix will likely expand from creating original series to creating its own large budget films, with the initial premiere on-line. Netflix may be a vibrant, important source of new financing that disrupts the studio system and bypasses standard distribution channels.
Why Netflix will rip the heart out of pre-sale film financing.
Independent filmmakers, like web entrepreneurs, are first tasked with distinguishing themselves from their competitors in the field, and to do this they must draw a significant fan base. Once that is in place, the filmmaker has leverage to move on to success in other areas - like financial success - and their prospects look much brighter.
This week’s Racking Focus tells us why indie filmmakers should act like entrepreneurs.
This bleak future is the direction the industry is pointed in, but even if it arrives it will not last. Once movies can no longer be defined by technology, you unmask powerful fundamentals—the timelessness, the otherworldliness, the shared experience of these narratives.
The Oscar nominated filmmaker shares his thoughts on the future of film.