IFH 374: Predatory Film Distributors - The Bankrupt Reboot Scam

IFH 374: Predatory Film Distributors - The Bankrupt Reboot Scam

I've spoken about predatory film distributors before on the show (The Dark Underbelly of Predatory Film Distributors – BEWARE!) but I just discovered how some of these scumbags have figured out how to absolutely screw over filmmakers using a legal loophole. It's called the Bankrupt Reboot Distribution Scam.

Here's how they do it. A predatory film distributor will prey on desperate indie filmmakers and will try to obtain the rights to as many low budget indie films as they can, usually for no money upfront in a short period of time. Let's say 1-2 years, if not faster. During that time they sell-off the rights in one big transaction to a bunch of different platforms, outlets, streaming, foreign agents, etc.

Now here's the rub, rather than actually paying filmmakers what they are owed, the distributor files for bankruptcy protection, which is extremely easy to do in the United States. So you must be asking

"If the distributor goes bankrupt, what happened to the rights of all those films?"

Glad you asked. These bottom dwellers go to the bankruptcy court hearing and then buy back all the rights to the catalog of films from their own bankrupt company. The court has no other choice because that is how the bankruptcy law is written and there's no one else there to buy these assets.

These bastards then form a new company and assign the newly purchased film catalog to themselves through that company. Now they are no longer legally obligated to pay the filmmakers (or anyone else they owe money to). So they own the film you killed yourself to make for pennies on the dollars and they never have to pay you a thing.

This is made possible because of the original contract the filmmaker signed, which has a clause absolving them of that in the event of bankruptcy. Then to add insult to injury when the rights they originally sold off expire, they re-sell them again.

These predators run this scam over and over and over with new companies formed each time. This is an extremely profitable business model. It's not ethical but it is legal.

In this episode, I breakdown a case study of how one of these predatory film distributors pulled this off and I also go over how you can protect yourself. Make sure you take some notes because this episode is a doozy!

Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

Jaksot(978)

IFH 009: Suki Medencevic ASC & the Art of Cinematography

IFH 009: Suki Medencevic ASC & the Art of Cinematography

Suki Medencevic ASC and the Art of CinematographyI have found over the years that is one of the biggest technical issues in independent film. Someone borrows a friends RED Camera or Arri Alexa and thinks that's all you need. Cinematography is not only a mystical art but imperitive in today's gluttony of indie films in the market place.Good cinematography can really make your independent film project rise out of the gutter of poorly produced indie films. Today on the show I interview Suki Medencevic ASC (American Society of Cinematographers).For all the show notes goto: http://www.indiefilmhustle.com/009Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

23 Syys 20151h 8min

IFH 008: Karl Iglesias Screenwriting Master Class & How to Create an Emotional Impact

IFH 008: Karl Iglesias Screenwriting Master Class & How to Create an Emotional Impact

This week we were lucky enough to have as out guest screenwriting guru Karl Iglesias. He has written award winning books including: The 101 Habits of Highly Successful Screenwriters, Writing for Emotional Impact, and Cut to the Chase.I discovered Karl Iglesias' work reading Writing for Emotional Impact. It really transformed the way I wrote screenplays and created a bunch of new habits that I still use today.It was a major treat to interview Karl on the show. His work is so specific but yet broad. His one rule that can never be broken,"Always be interesting."I think most films coming out of Hollywood today should take that advice. Keep your audience engaged and emotionally invested. So many filmmakers and screenwriters today don't understand that basic concept.I really asked Karl the tough questions so we could fill this episode with amazing content for you. This is one podcast your won't want to miss. Enjoy!Right click here to download the MP3LINKS AND RESOURCES MENTIONED IN THIS EPISODE:Pixar's Emotional Core: The Essential Element in all Successful StoriesWriting for Emotional ImpactCut to the ChaseThe 101 Habits of Highly Successful ScreenwritersKarl Iglesias' Official SiteFreeFilmBook.com (Your FREE Audio Book)Six Secrets to get into Film Festivals for FREE!Action Items:Subscribe to the Podcast on iTunes,  Stitcher or via RSS.Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

16 Syys 20151h 2min

IFH 007: Dov Simens - American Greatest & Quentin Tarantino's Only Film Teacher

IFH 007: Dov Simens - American Greatest & Quentin Tarantino's Only Film Teacher

I'm so excited to have on the show this week Dov Simens, founder of Hollywood Film Institute. He created the remarkable 2 Day Film School and has launched the careers of Quentin Tarantino, Chris Nolan, Spike Lee, Kevin Smith, Queen Latifah, Guy Ritchie & more.Dov's teaching style is entertaining, in your face and straight from the street. Real world, practical film education. Sit back and prepared to be schooled in the ways of Jedi Film Teacher Dov Simens.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

10 Syys 201557min

IFH 006: Indie Film VFX Master Class with VFX Artist Dan Cregan

IFH 006: Indie Film VFX Master Class with VFX Artist Dan Cregan

In this episode we tackle visual effects in indie film. Visual Effects in Indie Film is really hit or miss, mostly miss. Many indie filmmakers don't any idea what to do when it comes to visual effects.Uber visual effects artist Dan Cregan takes you through a master class on indie film visual effects and tells us how he went from indie visual effects to huge studio films like Guaridans of the Galaxy and The Hobbit.Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

2 Syys 20151h 29min

IFH 005: Do I Need to Move to Los Angeles to Make it in Hollywood?

IFH 005: Do I Need to Move to Los Angeles to Make it in Hollywood?

So you want to move to Los Angeles and make it big in Hollywood. The question is should you? Do you need to? When should you if you do? What kind of plan should I have in place? What should I do if I live in another country? All will be answered in this episode.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

26 Elo 201517min

IFH 004: What's a Producer's Rep and How Not to be Ripped off!

IFH 004: What's a Producer's Rep and How Not to be Ripped off!

On this week's episode we discuss a dirty indie film distribution secret, Producer's Reps. Like all things in life not all producer's reps are evil, scam artists or scumbags. Many do a great job and are more than fair with the filmmakers they work for.I'm hear to warn you about the other kind of producer's rep, the predatory, conman that loves to promise the world and deliver nothing to the already broke filmmaker. I was burned by one of these grifters early in my journey as a indie filmmaker and producer.Get Social with Indie Film Hustle:Facebook: Indie Film HustleTwitter: @indiefilmhustle Instagram: @ifilmhustleYouTube: Indie Film Hustle TVPodcast: IFH PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

19 Elo 20157min

IFH 003: Are you a Indie Film Marketing Spammer?

IFH 003: Are you a Indie Film Marketing Spammer?

This week we ask, are you a  Indie Film Marketing Spammer? Do you ask people you just met on-line to support your film or kickstarter campaign without taking the time to build a relationship? Do you blast your latest reel or trailer on every you can post it? Then you might be a filmmaking spammer. We are here to help you get what you want without pissing everyone off in the process. Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

13 Elo 201512min

IFH 002: The Hollywood Game - Be Prepared to Play

IFH 002: The Hollywood Game - Be Prepared to Play

This week we discuss my misadventures in Hollywood with my film BROKEN. I talk about how to be ready if and when the spotlight of Hollywood is on you and your project. What to do in those meetings and how NOT to waste the opportunity. Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

13 Elo 201516min

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