Independent film producers are having trouble staying afloat. COVID-19 rocked so many different aspects of the filmmaking process. A recent poll shows that independent producers are finding it hard to exist in the pandemic world. Things were bad before COVID, but now, it's a job that's dying out. Independent producers work to raise funds for a film. Most times, they only get paid when the movie gets made or when it sells to a distributor. Because of this burden, many independent producers report less than $50 thousand in income, with many surviving on unemployment and succumbing to the pressure to get other jobs. A new poll from the online industry forum Dear Producer found that 77.8% of respondents called for minimum producer fees—money paid to producers to take on projects regardless if they shoot. Right now, producers usually get 5% of the budget, but that rule only applies up to about a $5 million budget. Generally, the fee for each producer is based on what the producer has earned in the past, and caps out in the $150,000 to $250,000 range for most producers of independent films. Read More...
Published By: NoFilmSchool - Friday, 5 February, 2021