BONUS EPISODE: The Complete Guide to NFT in Independent Film (and How to Make Money)

BONUS EPISODE: The Complete Guide to NFT in Independent Film (and How to Make Money)

So today we are going to go down the rabbit hole of NFTs. What the heck is an NFT. It is a Non Fungible Token. Basically, an NFT is a completely original digital file or a digital collectable which is registered on a blockchain ledger just like any cryptocurrency. But unlike cryptocurrency, like Bitcoin or Ethereum, an NFT is totally unique and because it lives on the blockchain it verifies who is the rightful owner of this one-of-a-kind digital collectable file.

In February 2021, digital artist Peebles sold a digital artwork for $69.3 million at auction. You heard correctly almost $70 million for a digital file. The founder of Twitter, Jack Dorsey, sold his very first tweet as an NFT for $2.9 million.

It took me a minute to understand what these things were and then it clicked. NFTs are digital baseball cards, comic books, Garbage Pail Kids or Pokemon cards. They are just a digital version and in many ways better because you know exactly how many copies exist.

The NBA is sell "moments" as NFTs through NBA Top Shots. Basically, they are selling highlight clips as NFT and they are killing it. Fans of the NBA are gobbling these NFTs as fast as they are released. I really think there is now one doing NFTs better than the NBA right now.

Musicians are having amazing success selling NFTs directly to their fans. This is turning the established music industry on its head. NFTs are essentially killing off the middle man. No more label, just a direct relationship with the artist's fans.

The other amazing thin about NFTs is that the artist continues to make money on every sale of the NFT forever. Let me explain. When an artist creates a NFT by minting it. Minting is the process of create the digital file (NFT) and placing it on the blockchain. The artist then sets the residual percentage every time the NFT sells.

So if I mint a short film and sell it for $500. I get $500. Now, if the new owner sells it 2 years from now for $10,000 I get 10% of that sale. Every time that NFT is resold I get my cut. All transactions transparent. All on the blockchain.

So how can filmmakers make money? There are so many options because NFTs are in their infancy. Everyone is trying to figure out how to use them in indie film. Some ideas are:

Selling the distribution rights to the entire film, like Kevin Smith is doing with is latest film Killjoy
Selling the distribution rights to your film in shares like the indie film Lotawana
Create an NFT to a short film to finance it
Sell NFT collectables from the film
Fund raise your film's budget with NFTs

These are just some ideas. I decide to throw my hat in the ring and created an experiment. I minted a few NFTs for my first short film BROKEN and some "legacy NFTs" of the first ever filmmaking tutorials ever uploaded to YouTube. Here is the description of one of the NFTs.

This NFT is called Muzzle Flash Breakdown and is one of the first filmmaking tutorials to ever be uploaded to YouTube. It was uploaded on August 28, 2006 by filmmaker, author and Indie Film Hustle Podcast host Alex Ferrari from his 2005 award-winning short film BROKEN.

It was taken from the best-selling DVD of the film. That DVD was one of the first indie short films to ever create a massive collection of tutorials and making of videos that explained how to make a low-budget independent film with off-the-shelf software and digital consumer cameras.

This is part of a limited series of filmmaking tutorials that were uploaded to YouTube from the short film BROKEN. All the videos were uploaded and released on the same day in 2006. The external link attached to this NFT will show the original upload to YouTube.

Link: https://www.youtube.com/watch?v=yFPoBZY5BrA

When you purchase this NFT you will also gain access to the short film BROKEN, the entire collection of tutorials and commentary tracks via private link and passcode. You will also receive the original QuickTime file that was uploaded to YouTube.

To access my NFTs go to: www.ifhnft.com

I released three of 6 of the total filmmaking tutorials I uploaded on YouTune back in Aug 2006. If these sell out I'll upload the rest and maybe some of my other popular short films I directed over the years. I wanted to give you an example of what an independent film NFT looked like and this is totally an experiment to see what happens.

Maybe I'll never sell an NFT, maybe I sell them three years from now or maybe they will sell out in 15 min. Who knows. What I am excited about is the potential of what this could mean for the indie filmmaking community.

In this episode I break down everything you need to know about NFTs, how to make money with them and more. Enjoy!

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

Jaksot(979)

MONDAY MOTIVATION!: Don't Let Your Filmmaking Spark Go Out!

MONDAY MOTIVATION!: Don't Let Your Filmmaking Spark Go Out!

Monday Motivation! We all need a kick in the butt sometimes on our screenwriting journey. These episodes will do just that. Never stop chasing that dream and keep on hustling.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

6 Maalis 20232min

IFH 664: How to Create a Viable & Profitable Story Idea with Erik Bork

IFH 664: How to Create a Viable & Profitable Story Idea with Erik Bork

Today on the show we have screenwriter and producer Erik Bork. Erik Bork is a screenwriter best known for his work on the HBO miniseries Band of Brothers, From the Earth to the Moon, for which he wrote multiple episodes, and won two Emmy and two Golden Globe Awards as part of the producing team.Erik has also sold series pitches (and written pilots) at NBC and FOX, worked on the writing staff for two primetime dramas, and written feature screenplays on assignment for companies like Universal, HBO, TNT, and Playtone. He teaches screenwriting for UCLA Extension, National University, and The Writers Store, and offers one-on-one consulting to writers.[Why don’t most scripts have the kind of success their writers' dream of? Because of problems with the basic idea for their story. Which the writer is usually unaware of. While story structure and scene writing choices do need to be top-notch, writers tend to rush into those parts of the writing process too quickly, without vetting their basic concept.This is a mistake professional rarely make because their agents and managers insist that ideas be run past them first. And this usually leads to serious notes and development before the outlining process even starts.The Idea: The Seven Elements of a Viable Story for Screen, Stage or Fiction form an acronym for the word PROBLEM, since every story is really about one, at its core. Each chapter focuses on one of these seven deceptively simple-looking aspects of a strong story, which are anything but easy to master. Mr. Bork highlights his own struggles as a writer and his arrival at an understanding of how each of these elements works -- and how to know if one's idea really succeeds at each of them. A special section devoted to television writing (and its unique attributes) ends each chapter.Whatever your education and background in writing or story, this book and its unique focus contribute foundationally useful information not covered elsewhere -- which may be the missing piece that leads to greater results, both on the page and in the marketplace.Enjoy my conversation with Erik Bork.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

2 Maalis 202357min

BONUS EPISODE: How Indie Films Can Use The Mandalorian Virtual Production Tech with Rene Amador

BONUS EPISODE: How Indie Films Can Use The Mandalorian Virtual Production Tech with Rene Amador

What if indie filmmakers could access the same virtual production systems used on the hit Disney+ show The Mandalorian? What if you could use that same technology at home for your productions? What if it cost less than most RED Camera packages? Today's guest wants to do exactly that. Rene Amador is the co-founder and CEO of the virtual production tech company ARWall.Rene boasts 24 years of working with 16 startups, starting young working for his parent’s startups in silicon valley. He’s also directed over 350 commercials, short films, and pilots. Most recently as co-founder at ARwall, Rene won the SXSW Accelerator 2018 AR/VR category pitch, has been acknowledged as a top AR tech evangelist in Hollywood and designed the first ARwall Lab in Burbank.Rene and his team have developed a professional virtual production system that filmmakers can use at home powered by the most powerful real-time graphic engine on the market. How does this all work you may ask? ARFX requires a tracker and at least two sensors installed on set.Once the tracker is calibrated and attached to the camera, the director of photography has the ability to move anywhere inside the tracked space. The virtual scene runs on the system updates in perfect real-time, no matter where the camera is positioned. This creates a seamless window illusion into the virtual space.Filmmakers really put this tech to the test on Disney+'s Star Wars show The Mandalorian. If you haven't seen this show do yourself a favor and get a monthly subscription to Disney+, sit back and enjoy.I also recommend you watch The Gallery, a behind the scenes show on how they made The Mandalorian.I'm not saying a newcomer to the filmmaking process will just be able to pick up this tech and make The Mandalorian but the tools are there for filmmakers who are ready to make that leap.This is a massive jump in how filmmakers tell their stories. ARWall's Home Studio is the next jump for indie filmmakers. The cost is cheaper than most RED or ALEXA cameras.This technology is one of the most exciting filmmaking tools to come out since digital cameras became the norm. Not only is this tech cool but the speed that it became affordable for the independent filmmaker is mind-blowing.It took a decade before we had access to the same ground-breaking technology that was used in Jurassic Park.Rene and I talk virtual production, The Mandalorian, the future of the AR Wall, and how indie filmmakers can start using this technology today.Enjoy my conversation with Rene Amador.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

1 Maalis 20231h 21min

IFH 663: No Bullscript – Screenwriting Advice from the Executive’s Perspective with Danny Manus

IFH 663: No Bullscript – Screenwriting Advice from the Executive’s Perspective with Danny Manus

Today on the show we have an author, writer, and former studio development, Danny Manus. Danny parlayed his career as a development executive in Hollywood to becoming an in-demand script consultant and founder of No BullScript Consulting.The author of No BS for Screenwriters: Advice from the Executive Perspective, which is now in its 2nd Edition, Danny was ranked in the Top 15 “Cream of the Crop” Script Consultants by Creative Screenwriting Magazine and was named one of Screencraft’s “25 People Screenwriters Should Follow on Twitter.”Danny has taken over 3000 pitches, written almost 250 articles on screenwriting for numerous websites and publications including ScriptMag, for which he is a columnist, and has been a judge for the PAGE Awards four years running. In this episode, I wanted to see what the perspective is from the other side of the desk.Enjoy my conversation with Danny Manus.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

28 Helmi 20231h 18min

MONDAY MOTIVATION!: Why Filmmakers Need To Break The Rules

MONDAY MOTIVATION!: Why Filmmakers Need To Break The Rules

Monday Motivation! We all need a kick in the butt sometimes on our screenwriting journey. These episodes will do just that. Never stop chasing that dream and keep on hustling.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

27 Helmi 20232min

IFH 662: The Coffee Break Screenwriter with Pilar Alessandra

IFH 662: The Coffee Break Screenwriter with Pilar Alessandra

I've been trying to get today's guest on the show for months. Pilar Alessandra is an author, podcaster, and script consultant. She's the director of the popular writing program On The Page, author of The Coffee Break Screenwriter: Writing Your Script Ten Minutes at a Time and host of the On the Page Podcast.Pilar started her career as Senior Story Analyst at DreamWorks SKG. In 2001, she opened the Los Angeles-based On the Page Writers’ Studio dedicated to teaching and consulting with screenwriters and TV writers at all levels.An in-demand speaker, she’s taught seminars at DreamWorks, Disney Animation, ABC, CBS, and the AFM and has traveled the world teaching in the UK, China, Poland, Vietnam, Colombia, Portugal, and South Africa.Pilar’s greatest accomplishment is the success of her students, many of whom have won top competitions such as the Nicholl Fellowship, are working on TV shows such as “The 100,” “Silicon Valley” and “Grey’s Anatomy,” and have sold feature films to major studios.Enjoy my conversation with Pilar Alessandra.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

23 Helmi 20231h 7min

BONUS EPISODE: How Indie Film Super Troopers Made Millions with Jay Chandrasekhar

BONUS EPISODE: How Indie Film Super Troopers Made Millions with Jay Chandrasekhar

Today on the show we have director, writer, comedian, and actor Jay Chandrasekhar has contributed to and appeared in a wide variety of critically acclaimed television programs and films throughout his career.Chandrasekhar assembled the sketch comedy troupe Broken Lizard, which includes Kevin Heffernan, Steve Lemme, Paul Soter, and Erik Stolhanske. Together they performed comedy across the nation until they set their sights on producing television and feature films.Under his Broken Lizard banner, Jay directed and co-wrote Fox Searchlight Picture’s comedy cult classics Super Troopers, Super Troopers 2, Club Dread, and Warner Bros’ Beerfest. He also directed the Broken Lizard comedy special, Broken Lizard Stands Up.Super Troopers hit theaters in February 2002 and went on to gross $23 million with glowing audience reviews (and $80 million on home video.)Jay continued on to direct The Dukes of Hazard, direct and star in Millennium Entertainment’s The Babymakers, and appear in DreamWorks’ comedy hit, I Love You, Man. Recently, Chandrasekhar published his book, Mustache Shenanigans: Making Super Troopers and Other Adventures in Comedy that gives a behind the scenes look at the making of Super Troopers.In addition to his feature film work, Chandrasekhar has directed various TV shows, including several episodes of the Emmy Award winning series Arrested Development, Community, Chuck, The Grinder, Up All Night, Happy Endings, New Girl, and Psych. More recently, Jay has also directed episodes of Fresh Off the Boat, The Goldbergs, Speechless, and Schooled.His new film is Easter Sunday.Stand-up comedy sensation Jo Koy (Jo Koy: In His Elements, Jo Koy: Comin’ in Hot) stars as a man returning home for an Easter celebration with his riotous, bickering, eating, drinking, laughing, loving family, in this love letter to his Filipino-American community. Easter Sunday features an all-star comedic cast that includes Jimmy O. Yang (Silicon Valley series), Tia Carrere (True Lies, Wayne’s World films), Brandon Wardell (Curb Your Enthusiasm series), Tony nominee Eva Noblezada (Broadway’s Hadestown), Lydia Gaston (Broadway’s The King and I), Asif Ali (WandaVision), Rodney To (Parks and Recreation series), Eugene Cordero (The Good Place series), Jay Chandrasekhar (I Love You, Man), Tiffany Haddish (Girls Trip) and Lou Diamond Phillips (Courage Under Fire). Easter Sunday, from DreamWorks Pictures, is directed by Jay Chandrasekhar (Super Troopers, The Dukes of Hazzard), from a script by Ken Cheng (series Wilfred, Betas). The film is produced by Rideback’s Dan Lin (The Lego Movie franchise, It franchise) and Jonathan Eirich (Aladdin, The Two Popes), and is executive produced by Jo Koy, Jessica Gao, Jimmy O. Yang, Ken Cheng, Joe Meloche, Nick Reynolds and Seth William Meier. The film will be distributed by Universal Pictures domestically. Amblin Partners and Universal will share international distribution rights.Jay also just launched a new app designed to give the power of reviews back to the people. It's call Vouch Vault."When my film, Super Troopers, showed at Sundance, it played to big laughing crowds. But when it was released to the public, the reviews were only so-so. On Rotten Tomatoes, Super Troopers, got a 38%-fresh aggregate score from less than a hundred reviewers. With the public, though, the film garnered a 90% fresh rating from more than 250,000 non-reviewers. This 38% reviewer-number stuck in my craw. I remember thinking, “Who are these reviewers, these strangers with outsized power, and why are we listening to them? Seriously. When’s the last time you walked up to a stranger and said, “Hey, what movie should I see?”Our goal with Vouch Vault is to take recommendation power from anonymous strangers and give it to the people whose tastes you know and trust."Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

22 Helmi 20231h 5min

IFH 661: How to Make Money in TODAY's Indie Film with Jon Erwin

IFH 661: How to Make Money in TODAY's Indie Film with Jon Erwin

In 2002, Jon Erwin founded a production company with his brother, Andrew. Their first ventures were commercials, documentaries, and music videos. The brothers soon were directing videos and producing concerts and television programs for platinum recording artists such as Amy Grant, Michael W. Smith, Casting Crowns, Switchfoot, Skillet, and others.They received 11 GMA Dove Awards nominations and 3 wins for Music Video of the Year. Jon and Andrew have also produced and directed several documentaries, including the multiple award-winning 9/11 story, THE CROSS AND THE TOWERS. In 2010, Jon and Andrew began exclusively developing dramatic feature films. In August 2018, they partnered with Kevin Downs and Tony Young to launch Kingdom Story Company, in an exclusive partnership with Lionsgate, which creates life-changing content from a variety of talented storytellers.Their features have all opened in the top-ten box office and they have received the coveted A+ CinemaScore® three times. Early hits include OCTOBER BABY, MOMS’ NIGHT OUT, WOODLAWN, and the surprise hit I CAN ONLY IMAGINE, which became the #1 independent film of 2018, earning more than $86 million at the box office. Others include I STILL BELIEVE, a biopic about CCM megastar Jeremy Camp which was released by Lionsgate in 2020, followed by the 2021 release of THE JESUS MUSIC, sharing the untold story of how Jesus Music transformed into the multi-billion-dollar industry of Christian Contemporary Music.AMERICAN UNDERDOG followed in 2021, which told the story of NFL MVP and Hall of Famer, Kurt Warner. JOHNNY CASH: THE REDEMPTION OF AN AMERICAN ICON, is a documentary that details the true story of a music legend’s spiritual quest and releases Dec 2022. Their latest film, JESUS REVOLUTION based on The Jesus Movement that changed the course of history and comes to theaters Feb 2023.Jon is also the author of the book Beyond Valor: A World War II Story of Extraordinary Heroism, Sacrificial Love, and a Race Against Time, which tells the amazing true story of his grandfather Red Erwin, who received the Congressional Medal of Honor in World War II. Beyond Valor was published in August 2020.Enjoy my conversation with Jon Erwin.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

21 Helmi 20231h 14min

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