Paramount has just announced that it will fund between 10 and 20 projects in development with each individual film budget $100,000 or less.
Paramount Film Group President Adam Goodman came up with the idea after the huge success of”Paranormal Activity,” which was made for $15,000 and has grossed more than $100 million domestically.
You can read the article here:
http://www.variety.com/article/VR1118012597.html?categoryid=13&cs=1&query=paramount+%24100%2C000
However, my problem with this idea is that, if you do create a successful movie, you will be cut out from a lot of the upside of having made the picture yourself and then selling it to a studio.
Because why can’t you raise $15,000 to go and make your movie? Or the $5,000 that it cost to make “Blair Witch” or even the $100,000 for “Open Water”?
These writers and producers who made their own movie, as did the filmmakers of “Paranormal Activity,” and THEN sold their film to a studio got a much better deal than if Paramount had financed the film from the beginning. And since the budgets are so small — why can’t you go out and find the money rather than rely on a studio?
In today’s times you do not need to rely on anyone to give you the money to make your movie — especially if it is a small budget film. Go out and find the funds yourself!
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