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.

Episoder(980)

BONUS EPISODE: Secrets to Successful Low-Budget Films with Jason Blum

BONUS EPISODE: Secrets to Successful Low-Budget Films with Jason Blum

I'm excited to talk to a fellow low-budget independent filmmaker today. Granted, he does low-budget films on a completely different level than I or most people do at this point. But if we are going to talk about budget filmmaking, it is only fitting to have expert horror film and television producer, Jason Blum of Blumhouse Productions. Our chat sort out knowledge gems on Jason’s mentality behind his filmmaking and the budget strategy. Especially the ‘freedom’, he’s expressed in many other interviews, he gets from a low budget --- in the essence of the chances it allows him to take.Jason has over 200 production credits for numerous horror television and films franchises. The likes of BlacKkKlansman, Jordan Peele’s Get Out, The Normal Heart, Paranormal Activity, Elizabeth Moss’s Invisible Man, The Purge, etc. Black As Night, the Amazon original film, is one of the twenty-five projects he’s produced that have been released this year and streaming on various top streaming platforms.The story is about a  teenage girl with self-esteem issues who finds confidence in the most unlikely way, by spending her summer battling vampires that prey on New Orleans' disenfranchised with the help of her best friend, the boy she's always pined for, and a peculiar rich girl.He’s recognized for his multiple award-winning works and his production studio which is currently booked and busy with over fifteen projects lined up for the rest of the year to 2023.That is a testament to his company’s high-quality production. Blumhouse is known for pioneering a new model of studio filmmaking: producing high-quality micro-budget films and provocative television series. They have produced over 150 movies and television series with theatrical grosses amounting to over $4.8 billion.Paranormal Activity: Next Of Kin will also be coming out this December. It is the second film in the franchise. Which continues to follow a young man who became the target of a malevolent entity, he must uncover its true intentions before it takes complete control of him.All you horror and non-horror fans out there need no further introduction about our guest. Right in time for the Halloween spirits, please enjoy my 'spooky' chat with Jason Blum.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

26 Okt 202250min

IFH 627: Creating Friday the 13th & the Horror of Hollywood with Sean S. Cunningham

IFH 627: Creating Friday the 13th & the Horror of Hollywood with Sean S. Cunningham

Sean S. Cunningham had a successful career of starting films cheap and fast. Originally from New York, Cunningham had a vast knowledge of directing films and came to Hollywood. He started about the same time Wes Craven did. Cunningham meets Craven and decided to make a comedy-romance film called Together (1971).Then they both shocked the world with the rape and ultra-violence of The Last House on the Left (1972). Craven directed the flick and Cunningham financed and produced. However Cunningham wanted to get a mix of comedy and horror and made Case of the Full Moon Murders (1973) and then started other comedy films like Manny's Orphans (1978) and Here Come the Tigers (1978) .Struggling in Hollywood Cunningham saw John Carpenter's Halloween (1978) and wanted to make a follow up type film but would possibly regret it. Cunningham brought Friday the 13th (1980) into the cinema in 1980, a year of many other horror films. Friday the 13th (1980) was a shocking, gory and violent film about camp counselors being slashed by a killer and had Betsy Palmer in the lead role. Little did Cunningham know that Friday the 13th would have never ending sequels. Cunningham gladly avoided all of them and Friday the 13th remains one of the most popular horror films in history. Instead Cunningham wanted to make it big when he brought a best-selling novel to the screen, A Stranger Is Watching (1982) with Rip Torn, but it was a disappointment. Cunningham went downhill with the over sexed teen comedy Spring Break (1983) and The New Kids (1985). Cunningham then produced House (1985) and several of its sequels. Cunningham next entered the world of underwater terrors after The Abyss (1989) was released. Cunningham did a follow up called DeepStar Six (1989), but it was a flop, however it beat another 1989 underwater thriller Leviathan (1989) at box office receipts.Cunningham was finished with directing and moved on to producing films and teaching. He produced The Horror Show (1989), My Boyfriend's Back (1993) and Friday the 13th's last sequel Jason Goes to Hell: The Final Friday (1993). Cunningham then did yet another follow up to Friday the 13th with Jason X (2001).Enjoy my conversation with Sean Cunningham.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

25 Okt 20221h 15min

MONDAY MOTIVATION!: The Power of Your Filmmaking Mindset

MONDAY MOTIVATION!: The Power of Your Filmmaking Mindset

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.

24 Okt 20222min

American Film Market 2022 Badge Giveaway Contest

American Film Market 2022 Badge Giveaway Contest

IFH - American Film Market 2022 Badge Giveaway Contest!! AFM Badge giveaway - Two Executive Plus Badges. It's a full 5-day badge with access to all the panels. https://americanfilmmarket.com/badges-prices/ that sell for $995 each. Below are rules: M𝘶𝘴𝘵 𝘣𝘦 18+ 𝘵𝘰 𝘦𝘯𝘵𝘦𝘳. 𝘖𝘱𝘦𝘯 𝘵𝘰 𝘜.𝘚. 𝘙𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘴 𝘰𝘯𝘭𝘺. E𝘢𝘤𝘩 𝘸𝘪𝘯𝘯𝘦𝘳 𝘸𝘪𝘭𝘭 𝘳𝘦𝘤𝘦𝘪𝘷𝘦 𝘰𝘯𝘦 𝘈𝘍𝘔 2022 𝘌𝘹𝘦𝘤𝘶𝘵𝘪𝘷𝘦 𝘗𝘭𝘶𝘴 𝘉𝘢𝘥𝘨𝘦 𝘵𝘰 𝘢𝘵𝘵𝘦𝘯𝘥 𝘢𝘵 𝘸𝘪𝘯𝘯𝘦𝘳’𝘴 𝘰𝘸𝘯 𝘦𝘹𝘱𝘦𝘯𝘴𝘦 𝘢𝘯𝘥 𝘱𝘦𝘳 𝘈𝘍𝘔 𝘎𝘶𝘪𝘥𝘦𝘭𝘪𝘯𝘦𝘴. 𝘕𝘰 𝘱𝘶𝘳𝘤𝘩𝘢𝘴𝘦 𝘯𝘦𝘤𝘦𝘴𝘴𝘢𝘳𝘺, 𝘷𝘰𝘪𝘥 𝘸𝘩𝘦𝘳𝘦 𝘱𝘳𝘰𝘩𝘪𝘣𝘪𝘵𝘦𝘥. Open to ALL IFH Tribe members. Submit to support@indiefilmhustle.com why you and your film deserves to get one of these coveted Badges that cost $995 each.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

23 Okt 20223min

IFH 626: Creating Hocus Pocus: My Life in Horror and Nightmare Cinema with Mick Garris

IFH 626: Creating Hocus Pocus: My Life in Horror and Nightmare Cinema with Mick Garris

I am extremely excited to have on the show today a fellow podcaster, established producer, director, and writer, Mick Garris. Mick’s podcast, Post Mortem with Mick Garris, dives deep into the devious minds of the greatest filmmakers and creators of your worst nightmares to bring their distinctive visions to life in fascinating one-on-one conversations. He’s renowned for his classic screen adaptation of Stephen King’s books like Sleepwalkers (1992), The Shinning and The Stand. and creator of 2005, Masters of Horror series.The California native began his passion for storytelling as early as 12 years old - writing short stories. He launched his passion onto the journalism path at just 16 years old. Driven by curiosity, he freelanced as a film and music critic and landed interviews with the likes of Jimi Hendrix, Rod Serling, and Ray Bradbury in the 70s. It’s remarkable what Mick accomplished in a time where everyone needed to know someone to get a foot in the door, let alone that early in life and without the help of social media. I guess folks were intrigued by his talent and drive.While doing film criticism, Mick wrote specs, publications for magazines, and did some filming on 8mm. The guy lived the dream. The hard work began to pay off. His agent, Rick Jaffa read some of his specs, believed in him, and introduced Mick to Steven Spielberg. Mick ended up writing the first episode of the Spielberg sci-fi series, Amazing Stories, and seven other episodes.He's credited for writing screenplays like Psycho IV: The Beginning, Fly II, and the She-Wolf of London series. He was also was an editor on Spielberg’s other project, *Batteries Not Included, in which aliens help a feisty old New York couple in their battle against the ruthless land developer who's out to evict them.Garris has written and directed a lot of other horror classics such as Halloween comedy favorite, Hocus Pocus. The film follows a villainous comedic trio of witches who are inadvertently resurrected by a teenage boy in Salem, Massachusetts, on Halloween night.Garris and I talked about his incredibly difficult yet fun experience shooting his small budget directorial debut, feature sequel Critters 2. In the film, Eggs of the small but voracious alien creatures called Crites are left behind on earth and, after hatching, set their appetites on the small farm town of Grover's Bend.The man's contribution to the horror genre has amazing. Can't wait for you to catch up on my conversation with Mick Garris.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

20 Okt 20221h 16min

BONUS EPISODE: Blair Witch Project: Directing an Indie Film Phenomenon w/ Eduardo Sanchez

BONUS EPISODE: Blair Witch Project: Directing an Indie Film Phenomenon w/ Eduardo Sanchez

Blair Witch Project: Directing an Indie Film Phenomenon w/ Eduardo SanchezWho hasn't heard of the now legendary indie film rags to riches tale of  The Blair Witch Project? Every film student from Los Angeles to Mumbai heard the story of how two young film students spent $27,000 (mostly from friends, family and credit cards) to make a little indie horror film that ended up grossing $250 million worldwide.Directors Eduardo Sanchez and Daniel Myrick shot The Blair Witch Project in a new way which would later be called "found footage." Without The Blair Witch Project, there is no [easyazon_link identifier="B00304LF0W" locale="US" tag="whatisbroke-20"]Paranormal Activity[/easyazon_link], No [easyazon_link identifier="B00AEFXNGE" locale="US" tag="whatisbroke-20"]Cloverfield[/easyazon_link], No [easyazon_link identifier="B003L20IEW" locale="US" tag="whatisbroke-20"]The Last Exorcism[/easyazon_link].Today's guest Eduardo Sanchez goes back to the late 90's and shares his experience on what it was like to be in the center of The Blair Witch Project hurricane. What it was like being on the cover of Time Magazine and how did it feel to be the toast of Hollywood...for a period of time.We also discuss the aftermath, how his career grew post Blair Witch and crazy stories of Hollyweird.Enjoy my conversation with Eduardo Sanchez.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

19 Okt 20221h 34min

IFH 625: Indie Film Hustle Success Story - American Murderer with Matthew Gentile

IFH 625: Indie Film Hustle Success Story - American Murderer with Matthew Gentile

Matthew Gentile is an award-winning filmmaker based in Los Angeles.He most recently wrote and directed his first feature, AMERICAN MURDERER: a true-crime drama about a charismatic conman who became the FBI’s most unlikely and elusive top ten fugitive. Photographed in Utah during the height of the pandemic, AMERICAN MURDERER stars Tom Pelphrey, Ryan Phillippe, Idina Menzel, Jacki Weaver, Shantel Vansanten, Paul Schneider, Moises Arias, and Kevin Corrigan. Traveling Picture Show Company produced the film with Gigi Films, Productivity Media Inc, and Radiant Films International.  A graduate of the directing program at the AFI Conservatory, Matthew’s thesis films FRONTMAN (which won 12 awards including the Student Emmy for Best Directing), and LAWMAN played over 100 festivals worldwide.A Brooklyn native, Matthew holds a BA in English & Film Studies from Connecticut College and an MFA in Directing from the American Film Institute.Please enjoy my conversation with Matthew Gentile.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

18 Okt 20221h 2min

MONDAY MOTIVATION!: Blaze Your Own Filmmaking Trail

MONDAY MOTIVATION!: Blaze Your Own Filmmaking Trail

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.

17 Okt 20222min

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