Do you know how hard it is to generate funds for a movie project? Think of an average movie production setup – that would cost a little more than a hundred million dollars. Films are costly. That’s why production companies aim for high-stakes deals that can provide the financial support needed to bring their cinematic vision to life. The three strategies below work best in securing such desired funding.
Compelling pitch materials
To attract high-stakes investors, you need compelling pitch materials. This often includes a captivating script or concept and a well-crafted pitch deck. Engaging visuals, such as short video reels, often work wonders, especially if they show a clear narrative that conveys your project’s potential in storytelling and technical filmmaking aspects.
However, note that investors will also be looking for a detailed business plan and legally sound pitch materials.
Building strong relationships with investors in the entertainment industry is crucial for securing high-stakes deals. Finding someone with similar visions and film aesthetics can start a spark. This is why attending industry events, film festivals and networking gatherings is paramount in the industry. This is the place to establish these connections that can be invaluable when seeking substantial funding.
Legal requirements and due diligence
However, it is not all about parties and exploring creative pursuits. High-stakes deals often come with increased complexity and risk. You will need to handle intricate contracts and agreements between multiple parties.
These contracts need to be carefully crafted as they will involve matters about returns of investments. If not crafted carefully, a breach of contract may cause you more loss than gains.
And wait, there are also concerns about taxes, regulatory compliance and intellectual property rights.
Here’s what you need
With all these in mind, having a legal counsel can help you conduct due diligence on potential investors, ensuring they have the financial capacity and credibility to fulfill their commitments. Additionally, they can structure investment agreements that protect your project’s interests and ensure a fair return for investors.
Securing high-stakes deals for your movie project fundraising requires the right approach and guidance from an attorney. Remember these three key strategies to hopefully propel your film project to success.