taormina
Hates to Rent
Adamo:
I was briefly on Film Specific, and remembered reading a post from you where you talked about losing money on Corrado. If I'm remembering incorrectly, I apologize. As I said, you've got my respect for going out and getting movies made.
Continued success,
Jeff
Jeff - I think I see what the problem is here. We're talking about two different things. Let me clarify:
The question has been posed, was Corrado a commercial success? The answer overwhelmingly is YES.
Did Corrado make me or my investors money? Not Yet.
Well then how can it be considered a commercial success????
Let me explain.
Corrado was picked up by a large, reputable sales agency and thence sold worldwide to many distributors. Amongst the larger territories it sold in are US / Canada (Domestic), Germany, Benelux, Australia, Scandinavia, and a bunch of other smaller ones.
To get a domestic release is pretty good, to get most of the world sold is even better. Corrado has made a lot of distributors a good profit - I know, because I see the statements!
This was a key factor in getting H14 made. There was a track record, however small, of having a film that did the most important thing a film in this budget range can do: Sell. And that was huge.
The only reason it did so was because Tom Sizemore's face was on the cover, and ALL of the distributors bought because of him. Just because you haven't seen the film come out until recently, doesn't mean they hadn't bought long ago....the US distributor bought the movie close to a year before they released. Tom was much bigger even a year or two ago than he is now.
Moving on, Has Corrado been a commercial success for me and my investors? Absolutely not - YET. It has not recouped it's budget. The sales agreement I entered into was so heavily slanted towards the sales agency that all incoming monies went to pay for their inflated marketing fees and commissions. The marketing fee is now paid off, and all future monies come back to us now.
The point I am trying to make is that the metric one uses to determine "commercial success" is always different for the investors/ producers of the film than the distributors.
Here's another crude example. Was Blair Witch a commercial success? Yes. It got the producers of the show $4M and made the distributor a couple hundred million.
The metric for each is different.
In my case, I've made a lot of people a good amount of money - money that I have not realized myself, mind you, but there are a lot of happy distribs out there, so that is what I mean by commercial success.
At the end of the day, this is what will allow you to work again. These guys don't care if you lost your ass. They care if you lost THEIR ass.
And so the proverbial hits just keep coming. In any case now there are healthy salaries built into my shows so I don't much care about back end anymore.
Back end in these ventures is really a sucker's game. They don't call them monkey points for nothing.