TNMF at The New York Film Finance Forum
October 8th, 2009 Last month I was invited to give the closing remarks at
The New York Film Finance Forum. At first I did not accept
because the mission of the forum is all about how to make
money in the film business. But then I began to ponder our
foundation’s mission and what I might speak about. And then
thought about why it is so important for me to get out into
the world and speak to as many people as I can about healthy
media.
So I accepted Winston and Baker’s kind offer and sat down
to write my speech and this is what wrote.
It never occurred to me growing up in the Midwest that I would someday be working as a film producer in Hollywood.
Nor, that in my early 30’s, I would end up running one of the America’s largest independent film studios.
It did occur to me the first time I stepped onto a movie set, however, that working in the film business was the most exciting, glamorous and unique experience of my young life.
So yesterday, as I stepped into the room and looked around at all of you, I wondered what was the pivotal moment in your life, that inspired you to attend the Film Finance Forum.
Which of these reasons motivated you?
1. You may want to make lots and lots of money.
2. You love the movies and want to learn about the magic of filmmaking.
3. You want to inspire others and make a real difference in our world.
Now, I could share with you many funny, frustrating and inspired stories about the film making process, or share
the specifics on how I have put movie deals together, or advise you as to what films would be a good investment for you, and which films would not….
Or I could give you a detailed class on how you too can read a script and review a budget to tell for yourself, whether you should invest your hard earned money time and into a film project, or run for the hills.
But my hope is that over the last two days you have already gained a good understanding of what the challenges and financing strategies of the current film landscape.
I would rather share with you one unique idea that may have never been brought up during your time here.
When I first started in the film business, I just wanted to be a part of making movies. I didn’t really consider the kinds of films I was helping to create. Most of the movies I worked on, I would have never watched myself. The films did not in any way reflect who I am or what life principles I live by.
The reason WHY you are investing your time and money into a film can increase or decrease your odds of getting back a return on you investment. Deciding beforehand what kinds of stories and genres in general make money is an important factor, but choosing the kind of product you want to stand by and put your name on is too. Because
at the end of the day, there’s no guarantee the film will ever make money, but at least you can be sure when the film is finally finished, you will be proud of the product you own.
If you answered number 2 or 3 to my earlier question… that you love the movies or want to inspire humanity, then I’d like to suggest you consider another way you might want to get involved in the film business. Investors and producers can donate their money and time to a non-profit production company like PBS or The New Media Foundation, which will insure they will make a profit on their bottom line by reducing their taxes, unlike investing in a for-profit production where they may never re-coup their investment.
With a non-profit production, investors and producers will also reap other benefits like making a film from
the heart without making poor story decisions based on the fact the film has to make a profit, because of the ratings or just because marketing research says so.
And most importantly, they will be doing something good for humanity.
Like Mr. Rogers, I believe that as investors and producers, we have a responsibility to nurture humanity. With great
power and resources, comes great responsibility.
Now it may be a bit naïve of me to believe that after working in the film business for the last fifteen years, it is still possible to actually make movies that inspire, educate and provide insight into how humanity can live happier and healthier lives….and that these films can also be profitable and entertaining, but I do.
We have a great opportunity in front of us. We can inspire, inform and bring hope to millions of people’s lives. After you have left the forum and reflect back on all that you saw and heard, I hope you feel enriched. I hope that you’re walking away with a better understanding of film finance AND the effect of the message you’re creating.
Thank you.
I shared the speech right after presenting our new foundation
video and the room became very silent. For two days all these
investors and producers had been hearing about how they could
make a profit in the entertainment industry, but nothing about
if it would serve mankind. I think they were all a bit stunned.
One of the people that came up to me at the end of the speech
said, “I get what you are doing…You want to create a modern
version of PBS. What you are doing is so important.” I smiled
and replied, “Yes, exactly!”

