How To Talk Someone Into Giving You Money For A Movie by Stanley M. Brooks
Film Courage: When you executive produce a movie are you putting in your own funds?
Stanley M. Brooks, Filmmaker/Producer: When you executive produce a movie for a network and you’re on the hook for deficit. It’s all of your own funds.
So if it’s a 2.7 million dollar movie and you’ve gotten money from Lifetime and money from an international distributor (let’s say Sony) and you’re shooting in Winnipeg [Canada] so you have a 25% tax rebate, all of that doesn’t get paid when you shoot. It gets paid in draws along the way and the biggest draw is usually on delivery. So you spend all of the money before you deliver it. You’ve got to go to a bank unless you’re independently wealthy (which I am not) and borrow it.
So the tax credits are borrowed against the network’s license fee or funding is borrowed against the international distribution fee is borrowed against. In some ways it is all of your money and then of course if it’s a 2.7 million dollar movie and you end up spending 2.8 million dollars on the movie, that’s your money…(Watch the video interview on Youtube here).
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