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(980)

MOTIVATION: Why Filmmakers Need to Break the Rules

MOTIVATION: Why Filmmakers Need to Break the Rules

We all need a kick in the butt sometimes on our filmmaking or screenwriting journey. This show will do just that. Never stop chasing that filmmaking dream. Keep on hustling.Proud Member of the IFH Podcast Network (ifhpodcastnetwork.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

8 Joulu 20202min

IFH 419: Writing & Directing Legendary Science Fiction Films with Alex Proyas

IFH 419: Writing & Directing Legendary Science Fiction Films with Alex Proyas

I can't be more excited to bring you this episode. On today's show, we have the legendary writer/director Alex Proyas, the filmmaker behind The Crow, Dark City, The Knowing, Gods of Egypt, and I, Robot.Alex Proyas had a huge influence on my filmmaking life. The Crow was one of those films I watch a thousand times, in the theater, when I was in film school. He began his filmmaking career working in music videos with the likes of Sting, INXS, and Fleetwood Mac before getting the opportunity to direct The Crow. That film was one of the first modern comic adaptations but as Alex puts it..."The Crow was my anti-comic book movie." - Alex ProyasBoth The Crow and Dark City had such a HUGE influence on films and filmmakers for years after their initial releases.Alex's films are visually dazzling and have the voice of a true artist. You can see a direct line from his genre-defining work to films like The Matrix, Alita: Battle Angel, Equilibrium, Underworld, The Dark Knight, Inception, and many others.I feel Alex's contributions to the visual aesthetics of modern cinema have been extremely undervalued. Director's like Christopher Nolan point at Alex's films as inspiration when he was putting together The Dark Knight Trilogy. The Matrix has Dark City visuals and style oozing from the screen.Alex and I discuss his career, working within the studio system, dealing with insane interference in his creative vision, why he is shooting short films at this stage of his career, his new film studio The Heretic Foundation, and his misadventures in Hollyweird.He has also launched a YouTube channel called Mystery Clock Cinema where he showcases his short films and amazing filmmaking tutorials, philosophies, and live streams.Prepared to be inspired. Enjoy my thoroughly entertaining conversation with filmmaker Alex Proyas.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

4 Joulu 20201h 44min

IFH 418: The Art of Television Cinematography with Jayson Crothers

IFH 418: The Art of Television Cinematography with Jayson Crothers

Today on the show we have veteran cinematographer Jayson Crothers. Jayson had shot two dozen independent features before he joined the NBCUniversal hit show Chicago Fire in 2013.  After serving as the 2nd unit DoP for 38 episodes during seasons 2 & 3 he was asked to helm the show.  Serving as the sole DoP from seasons 4 to 6, he shot 74 episodes of the series for Dick Wolf. He also did additional photography for the backdoor pilot of Chicago Med.In 2019 Jayson photographed three features - the World War 2 true story drama Axis Sally, directed by Michael Polish, starring Al Pacino and Mitch Pileggi, the romantic comedy The Thing About Harry, directed by Peter Paige, and the hurricane action film Force of Nature, also directed by Michael Polish, starring Mel Gibson, Emile Hirsch, and Kate Bosworth.In between these films he also shot additional photography for the Starz series P-Valley as well as 2nd Unit for the Netflix feature Malibu Rescue - The Next Wave.In addition to his work being seen theatrically and on television, it’s also been seen across the festival circuit at SXSW, Tribeca, and Camerimage to name a few. Jayson also served as the Technical Editor for the acclaimed book on cinematography and lighting, A Shot In The Dark.In this episode, we discuss his career, how to get the most out of low budget cinematography, and much more.Enjoy my conversation with Jayson Crothers.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

3 Joulu 20201h 23min

MOTIVATION: Don't DIE with Your Indie Film Inside of You

MOTIVATION: Don't DIE with Your Indie Film Inside of You

We all need a kick in the butt sometimes on our filmmaking or screenwriting journey. This show will do just that. Never stop chasing that filmmaking dream. Keep on hustling.Proud Member of the IFH Podcast Network (ifhpodcastnetwork.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

2 Joulu 20202min

MOTIVATION: When No One Believes in Your Dream

MOTIVATION: When No One Believes in Your Dream

We all need a kick in the butt sometimes on our filmmaking or screenwriting journey. This show will do just that. Never stop chasing that filmmaking dream. Keep on hustling.Proud Member of the IFH Podcast Network (ifhpodcastnetwork.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

24 Marras 20201min

IFH 417: How to Make Indie Films That Make REAL Money with J. Horton

IFH 417: How to Make Indie Films That Make REAL Money with J. Horton

Today on the show we have filmmaker and Filmtrepreneur J. Horton. Jason has been in the film industry for as long as I have and has been making movies ever since. What sets him apart from other filmmakers is that he actually makes a living making his films.Jason figured out the formula that would allow him to make a living doing what he loves to do. He produces low budget feature films and uploads them to Amazon Prime. He collects TVOD and SVOD revenue. His key is volume. This year alone he produced 14 feature films.We discuss how he chooses his niche audience, how he shifted from only narrative films to directing niche-focused documentaries, and how he's able to produce so much content.Enjoy my conversation with J. Horton.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

20 Marras 20201h 11min

CROSSOVER: Screenwriting for Spielberg, Coppola, & Zemeckis with James V. Hart

CROSSOVER: Screenwriting for Spielberg, Coppola, & Zemeckis with James V. Hart

I'm so excited to bring this episode to the IFH Tribe. Today we have legendary screenwriter James V. Hart. James is the screenwriter behind some of Hollywood's biggest blockbusters like HOOK, directed by Steven Spielberg based on an idea by Hart’s then 6-year-old son, Jake, BRAM STOKER’S DRACULA, directed by Francis Ford Coppola, MUPPET TREASURE ISLAND, directed by Brian Henson, and CONTACT, directed by Robert Zemeckis. MARY SHELLEY’S FRANKENSTEIN, TUCK EVERLASTING,  SAHARA, LARA CROFT: TOMB RAIDER: THE CRADLE OF LIFE, AUGUST RUSH and many more.“No one has a job in our business until you type ‘the end’.” — James V. HartDracula has a special place in my heart as it is one of the major influences that made me become a filmmaker.James has served on the faculty of the Columbia University Graduate Film program. Served as mentor and advisor at the Austin Writer’s Ranch, Sundance Film Labs, and the Equinoxe-Europe Writing Workshops for over 20 years in 11 countries. Hart has also conducted the Puglia Experience for writers and producers held in the Puglia region in Italy.During the making of Dracula Francis Ford Coppola called James up and told him he hated everything about the story and the movie they had shot. James sat down with Francis and beat up the film and story. Frustrated that this happened, James set out to develop a tool that could help him map out the screenplay's emotion before they ever start shooting.  The HART CHART was born.Originally launched online at the 2015 Austin Film Festival, James has developed a proven story mapping tool for serious writers working in television, film, novels, plays, and other literary forms, with a guarantee you will never face a blank page again.James and I discuss THE HARTCHART, his journeys in Hollywood, how he became a 20-year overnight success, what it was like working with master filmmakers like Coppola, Speilberg, and Zemeckis, and how he breakdowns a blockbuster story idea.This is one episode for the record books. Enjoy my conversation with James V. Hart.CROSSOVER: Bulletproof Screenwriting PodcastBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

18 Marras 20201h 26min

MOTIVATION: Never Stop the Filmmaking Hustle

MOTIVATION: Never Stop the Filmmaking Hustle

We all need a kick in the butt sometimes on our filmmaking or screenwriting journey. This show will do just that. Never stop chasing that filmmaking dream. Keep on hustling.Proud Member of the IFH Podcast Network (ifhpodcastnetwork.com)Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

17 Marras 20204min

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