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Holly Payberg-Torroija's avatar

Hey Ted - I just got back from Florence, and therefore fresh from seeing with my own eyes what happens when Patrons of the arts spare no expense and let artists be artists. Just wow. But anyway, I've been thinking a lot on your point about restoring private equity investment. One of the problems I've seen is that there is a grand canyon wide divide between what filmmakers do/need and what potential money people understand about what we do/need to consistently deliver work that is both great art and profitable. Yes, film is always a pricey and risky investment and therefore investors are looking for ways to mitigate risk, but in my opinion they go about that all the wrong way. They do so by trying to hob together all these outside safety mechanisms that seem to have "worked before" (for e.g. trying to closer mimic previous box office hits, or attaching box office stars etc). But what you almost never see is investors investing in a filmmaking collective and to me, that is what would slowly mitigate at least some risk. Great filmmaking relies on teams of artisans who are all years deep in their craft, all working together to create something bigger than themselves. I have always found it nothing short of a miracle that we do so under the current model that doesn't allow for much loyalty to team, and therefore causes us to keep working with a new collection of collaborators every time. But what would happen if there were collectives of indie filmmakers, all across the country, who did get a chance to settle in and work with each other for years on end, while apprenticing those coming up underneath them? What could collectives like that create together? And what if those "investments" to the collective came from a variety of sources? Yes, the traditional investment in a particular project or slate of projects with the typical focus making sure the budget matches the potential return. But also money from patrons of the arts that have been properly educated on the need for the collective. Throughout the years I have met many of these patron types. And its been my experience that they will throw gobs of money at the fine arts without blinking an eye or expecting much in return (other than to support the arts), but that those same people suddenly become shrewd investors, combing over every last line item in the budget, when it comes to being asked to fund independent film. They see it as big business and shift their hats. Why they don't understand that funding independent film is also an incredible opportunity to support the arts, is likely a failure of our current systems, because as we filmmakers know, if you're in the game of supporting the arts, funding an indie film is actually the biggest bang for your buck, because it provides tremendous growth opportunity for an entire team of artists. If we had film collectives, truly committed to developing their crafts and their teams, and were maybe reinvesting in their own communities - rooting and expanding - rather getting good and then leaving - then maybe it might be more appealing to patrons because they would be giving to collectives in their own communities. I see many possibilities with this model but I'll just leave it there for now. My guess is you've already thought of all this, but its fun to share with someone. :)

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Jeff Feuerzeig's avatar

“FUCK THE RULES” by KICKING GIANT — From their Teenage Summer cassette released Independently on Loose Leaf in 1991.

https://youtu.be/XprBMk04Yvs?si=6Sk97ZCASo21983n

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