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.

Episoder(978)

IFH 042: Social Media - 11 Ways to Use It to Sell Your Indie Film

IFH 042: Social Media - 11 Ways to Use It to Sell Your Indie Film

Social media is a mystery to most filmmakers. It's really easy to get lost in Facebook, Twitter, Instagram, LinkedIn, Pinterest, Tumblr, Youtube, Snap Chat, Periscope, Meerkat, or any of the hundreds of other social media platforms available online.With so many choices and platforms to learn many of us just don't even bother but for those that take the time to educate themselves on social media and it's power the rewards can be HUGE.Marketing an indie film today without including social media is crazy. To watch how Star Wars: The Force Awakens leveraged social media in their marketing campaign was like watching Bobby Fisher play chess...masterful.In this episode I give you a few tips on how to use social media to build your brand, sell your product or promote your film.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

19 Jan 201614min

IFH 041: How to Craft a Freelance Career with Paddy Bird

IFH 041: How to Craft a Freelance Career with Paddy Bird

The Indie Film Hustle Podcast has been around for five short months. I have not had the same guest on twice, until now. Paddy Bird from Inside the Edit. Last time he was on Paddy Bird dropped some major post production knowledge on the IFH Tribe. I had to have him back.Just as a refresher, Paddy Bird  is one of television’s most prolific and accomplished editors. For the past fifteen years he has edited dozens of prime time documentary, entertainment and reality TV shows for British and American television. He has even worked in war zones, spending time editing news stories on location in Iraq.He also created Inside the Edit, the world's best course on creative editing...period. You can get more info on Inside the Edit and listen to our last podcast here: IFH 013: Inside the Edit.This time around we discuss how to build a career as an editor and a freelancer. Paddy goes into a ton of detail and as always delivers the goods. You may need to listen to this episode more than once. Enjoy my conversation with Paddy Bird!If you're interested in checking out his master editing course click here: Inside the EditTO GET 10% OFF USE THE PROMO CODE: IFHCREATIVEBecome a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

14 Jan 20161h 41min

IFH 040: Knowing When to Work for FREE in the Film Industry

IFH 040: Knowing When to Work for FREE in the Film Industry

So I know working in the film industry can be tough. Breaking in is even tougher. Many people tell you you have to work for free or intern somewhere to get a foot in the door. Now those people aren't totally wrong. The question is when do you work for free? When is trading your time, energy and effort really worth it? In this episode I break down when you should work for free or cheap and when you need to stand your ground and get paid. This episode is not just for film students. I tell you my story of when I got to Los Angeles and what I choose to do and why even after having 10 years of experience, credits and work under my belt. Enjoy this eye opening episode. Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

12 Jan 201617min

IFH 039: How to Write the Million Dollar Screenplay with August Rush writer Paul Castro

IFH 039: How to Write the Million Dollar Screenplay with August Rush writer Paul Castro

We've all read in Variety or The Hollywood Reporter of some no name screenwriter selling his or her screenplay for a million bucks. Ever wonder how they did it? What structure did they use? What tricks of the trade were employed?May I introduce Paul Castro, the writer of one of my favorite films August Rush. Paul Castro is a produced, award winning screenwriter and world-renowned screenwriting professor."Structure...is the canvas on which we paint with words." - Paul CastroHis project, August Rush was produced by Warner Brothers and starred the late great Robin Williams, Keri Russell, Freddie Highmore, Danny Glover, Kelsey Grammer, and Jonathan Rhys Meyers. The film took Paul Castro into the belly of the Hollywood beast.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

7 Jan 20161h 24min

IFH 038: Stop Obsessing Over Film Gear & Start Making Movies!

IFH 038: Stop Obsessing Over Film Gear & Start Making Movies!

OK, I wanted to start off the new year on the right foot. Over the course of my career I've seen so many filmmakers obsess over film gear, to a paralyzing end. They focused so much on gear that they never make actual films.No one is saying you shouldn't keep up to date on the latest film gear. You need gear, without it you can't make films but cameras, lenses, drones, and grip equipment are just tools.Do you think Chris Nolan, Martin Scorsese, or Quentin Tarantino obsessed about film gear? No. They learned to tell stories first and then grabbed the tools available to them to tell those stories. Sure now they play with all the latest toys but I can guarantee you Quentin Tarantino worked on The Hateful Eight script first before he thought of shooting it on 70mm.You can pay $1 for a hammer or $100 but both will put the nail in the wood. It’s the master carpenter who practiced and took the time to learn how to hit that nail just right, with one swing, that is the craftsman.Don’t rely so heavilyly on film gear to tell your stories, because gear is not the storyteller, you the filmmaker are. A good filmmaker tells a story with a RED Dragon or an iPhone as this year's Sundance Film Festival Winner 'Tangerine' proved.Don’t believe the hype from all the gear companies having you run out and upgrade your cameras or lenses everytime they release something new. Stop obsessing over gear and start making movies! Take a listen to hear my argument against this "gear porn" epidemic.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

5 Jan 20168min

IFH 037.1: Filmmaking Motivation for 2016 - Happy New Year!

IFH 037.1: Filmmaking Motivation for 2016 - Happy New Year!

Happy New Year! I has been ana amazing 2015 for Indie Film Hustle. We launch five short months ago and have grown at a alarming rate. Thanks to the IFH Tribe the Indie Film Hustle Podcast has become the #1 filmmaking podcast on iTunes, just three months after launch...CRAZY!The Indie Film Hustle Youtube Channel is closing in on over 1000 subscribers and I was able to gather over 23,000 followers throughout all the IFH social media platforms. Again I have all of you to thank. This is a special New Years 2016 edition of the the show. I want to let you know what to expect from IFH in 2016 and wanted to give you a little motivation as well. Sit back and get ready to be motivated! Keep that hustle going in 2016 and beyond. Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

1 Jan 201615min

IFH 037: Surviving the Hollywood Implosion with Scott McMahon

IFH 037: Surviving the Hollywood Implosion with Scott McMahon

Surviving the Hollywood Implosion with Scott McMahonIs there an implosion coming to Hollywood? Film Trooper Scott McMahon thinks so and he's not alone. Think its crazy, think again. Listen to what the king of the blockbusters Steven Spielberg had to say,“There’s going to be an implosion. Mega budget movies are going to go crashing into the ground and that’s going to change the paradigm.”If the Hollywood implosion does come to fruition, then where do aspiring filmmakers go to make a living? Step in Film Trooper Scott McMahon. Scott created a book entitled "How to Make and Sell Your Film Online and Survive the Hollywood Implosion While Doing It."There are a lot of books on how to make a movie and how to be part of the Hollywood machine; but this step-by-step guide will show you, the über independent filmmaker......how to bypass all of that and get to the heart of making and selling digital products (your film) directly to an online audience and survive the Hollywood implosion while doing it.I've known Scott McMahon for a while now and he's a wealth of information. He's truly trying to help the "über independent filmmaker" make it in the film business. His site Film Trooper is a perfect extension of his mission.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

31 Des 20151h 40min

IFH 036: How to Direct Actors with Nina Foch

IFH 036: How to Direct Actors with Nina Foch

Have you been confused and frustrated when directing actors? I think every director and actor has been frustrated with each other at one or more points in there career but don't worry Nina Foch is here to help. I'll get to who she is in a moment.For a filmmaker, directing actors can be a daunting task. Actors seem to have a language of their own which us directors have a very hard time understanding. For those masters like Steven Spielberg, Quentin Tarantino, and Martin Scorsese, directing actors is second nature.They are able to understand the language of the actor. They are able to make a scene come alive. No matter how well a scene is written, if the direct can not communicate with his or her actors then all is lost.What to do? Enter Nina Foch, the legendary film teacher from the gold standard of film schools, USC School of Cinematic Arts. As I was looking for filmmaking courses on-line I came across this gem of a course that I couldn't believe was available to us mere indie film mortals. A master class from USC School of Cinematic Arts called Directing the Actor by Nina Foch. Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

29 Des 201511min

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