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)

IFH 624: How NOT to Lose Your Soul in Hollywood with Stephen Simon

IFH 624: How NOT to Lose Your Soul in Hollywood with Stephen Simon

In 1980, Stephen Simon produced the film Somewhere in Time with Christopher Reeve, Jane Seymour, and Christopher Plummer. In 1998, he produced What Dreams May Come with Robin Williams, Annabella Sciorra, and Cuba Gooding, Jr.Stephen Simon graduated from UCLA and Loyola Law School, entered the movie business in 1976, ran the film companies of legendary producers Ray Stark and Dino de Laurentiis, produced such films as Somewhere in Time and What Dreams May Come, co-founded The Spiritual Cinema Circle in 2004, and wrote the books The Force is With You and Bringing Back the Old Hollywood.Please enjoy my conversation with Stephen Simon.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

13 Okt 20221h 24min

BONUS EPISODE: How to Build a Profitable Horror Film with Stephen Follows

BONUS EPISODE: How to Build a Profitable Horror Film with Stephen Follows

Today on the show we have returning champion Stephen Follows. In this Halloween themed episode, we dive into Stephen's opus, The Horror Report. The report was created by using data on every horror film ever made, a data-driven dive into everything from development, production, and distribution to recoupment and profitability.Stephen Follows is an established data researcher in the film industry whose work has been featured in the New York Times, The Times, The Telegraph, The Guardian, The Daily Mail, The Mirror, The Evening Standard, Newsweek, The News Statesman, AV Club, and Indiewire.He acted as an industry consultant and guest on the BBC Radio 4 series The Business of Film, which was topped the iTunes podcast chart, and has consulted for a wide variety of clients, including the Smithsonian in Washington. He has been commissioned to write reports for key film industry bodies and his most recent study, looking at gender inequity in the UK film industry and was launched on the BBC Radio 4 ‘Today’ program.Stephen has taught at major film schools, normal business schools, and minor primary schools. His lessons range established topics from Producing at MA and BA level, online video and the business of film producing to more adventurous topics such as measuring the unmeasurable, advanced creative thinking and the psychology of film producing. He has taught at the National Film and Television School (NFTS), Met Film School, NYU, Filmbase, and on behalf of the BFI, the BBC, and the British Council.Stephen has produced over 100 short films and two features. Past clients range from computer game giants, technology giants, and sporting giants but sadly no actual giants. He’s shot people in love, in the air, on the beach, and on fire (although not at the same time) across over a dozen different countries in locations ranging from the Circle Line to the Arctic Circle.Enjoy my eye-opening conversation with Stephen Follows.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

12 Okt 20221h 52min

IFH 623: How to NOT to Quit on Your Filmmaking Dream with Pete Chatmon

IFH 623: How to NOT to Quit on Your Filmmaking Dream with Pete Chatmon

With a deft ability to balance both half-hour single camera comedies and one-hour dramas, Pete Chatmon has directed over 50 episodes of television including HBO Max’s The Flight Attendant, Insecure, Silicon Valley, and Love Life, Netflix’s You, ABC’s Grey’s Anatomy and Black-ish, Starz’ Blindspotting, FX’s It’s Always Sunny in Philadelphia, and the Apple TV+ series Mythic Quest. He is in development on The Education of Matt Barnes with Showtime, for which he will direct the pilot and serve as executive producer and is currently co-executive producer and producing director on Reasonable Doubt, the first project to be produced via Hulu’s Onyx Collective.His debut feature as writer/director, Premium, starred Dorian Missick, Zoe Saldana, and Hill Harper, and premiered on Showtime after a limited theatrical run. Chatmon also wrote, produced, and directed 761st, a documentary on the first Black tank battalion in WWII, narrated by Andre Braugher. Through TheDirector, his Digital Studio, he has directed, shot, and edited content for advertising agencies and Fortune 500 brands. Chatmon’s career began in 2001 with the Sundance selection of his NYU thesis film, 3D, starring Kerry Washington. His most recent short film, BlackCard, premiered on HBO, and his narrative podcast, Wednesday Morning, engaged voters around the 2020 election. His podcast, Let’s Shoot! with Pete Chatmon is available on YouTube, iTunes, and all podcast platforms. In January 2022 his book, Transitions: A Director’s Journey + Motivational Handbook was released by Michael Wiese ProductionsEnjoy my conversation with Pete Chatmon.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

11 Okt 20221h 33min

MONDAY MOTIVATION!: Why You Stop Yourself From Making Your Indie Film

MONDAY MOTIVATION!: Why You Stop Yourself From Making Your Indie Film

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.

10 Okt 202211min

IFH 622: The REAL State of Indie Film with Alrik Bursell

IFH 622: The REAL State of Indie Film with Alrik Bursell

Alrik Bursell is a filmmaker, producer, cinematographer, editor and director. His been working in video production for over 10 years and worked on everything from feature films, to broadcast commercials to DVD instructional videos, if those even exist any more.Alrik's first feature film The Alternate was shot in the winter of 2019, did it’s film festival run playing over 20 film festivals and winning 15 awards worldwide, and have secured worldwide distribution for the film, which is coming out in the USA/Canada in September 2022.His new film The Alternate follows Jake, a videographer who discovers a portal to another dimension in which he has everything he has always wanted: the perfect version of his wife Kris, the filmmaking career of his dreams, and the daughter he never had.Jake quickly starts traveling back and forth between these two worlds - spying on his other self, falling in love with the alternate Kris, and getting to know his daughter. Jake soon sees that his alternate is not as perfect as he seems and decides to change places with the alternate Jake and take the good life for himself.Please enjoy my conversation with Alrik Bursell.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

6 Okt 202259min

IFH 621: The Art of Directing Horror Comedies with Damon Thomas

IFH 621: The Art of Directing Horror Comedies with Damon Thomas

Damon Thomas is well known for making documentaries. He's documentaries includes Pulp Fiction, Reservoir Dogs and David Beckham: A Footballer's Story. He also directed the hit shows Killing Eve (2018), Beethoven (2005) and Dracula (2020).His latest film "My Best Friend's Exorcism" is a 2022 American supernatural comedy horror film from a screenplay by Jenna Lamia, based on the 2016 novel of the same name by Grady Hendrix. In 1988 best friends Abby and Gretchen navigate boys, pop culture and a paranormal force clinging to Gretchen. With help from a mall exorcist, Abby is determined to compel the demon back to the pits of hell -- if it doesn't kill Gretchen first.The film stars Elsie Fisher, Amiah Miller, Cathy Ang and Rachel Ogechi Kanu. The film was released on Prime Video on September 30, 2022.Enjoy my conversation with Damon Thomas.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

4 Okt 202251min

MONDAY MOTIVATION!: How Bad Do You Want Your Filmmaking Dream

MONDAY MOTIVATION!: How Bad Do You Want Your Filmmaking Dream

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.

3 Okt 20223min

IFH 620: Tales of a Hollywood Blockbuster Leading Man with Guy Pearce

IFH 620: Tales of a Hollywood Blockbuster Leading Man with Guy Pearce

Guy Edward Pearce was born 5 October, 1967 in Cambridgeshire, England, UK to Margaret Anne and Stuart Graham Pearce. His father was born in Auckland, New Zealand, to English and Scottish parents, while Guy's mother is English. Pearce and his family initially traveled to Australia for two years, after his father was offered the position of Chief test pilot for the Australian Government. Guy was just 3-years-old. After deciding to stay in Australia and settling in the Victorian city of Geelong, Guy's father was killed 5 years later in an aircraft test flight, leaving Guy's mother, a schoolteacher, to care for him and his older sister, Tracy.Having little interest in subjects at school like math or science, Guy favored art, drama and music. He joined local theatre groups at a young age and appeared in such productions as "The King and I", "Fiddler on the Roof" and "The Wizard of Oz". In 1985, just two days after his final high school exam, Guy started a four-year stint as "Mike Young" on the popular Aussie soap Neighbours (1985). At age 20, Guy appeared in his first film, Heaven Tonight (1990), then, after a string of appearances in film, television and on the stage, he won the role of an outrageous drag queen in The Adventures of Priscilla, Queen of the Desert (1994).Most recently, he has amazed film critics and audiences, alike, with his magnificent performances in L.A. Confidential (1997), Memento (2000), The Proposition (2005), Factory Girl (2006), The Hurt Locker (2008), The King's Speech (2010) and the HBO mini-series, Mildred Pierce (2011). Next to acting, Guy has had a life-long passion for music and songwriting.Guy likes to keep his private life very private. He lives in Melbourne, Australia, which is also where he married his childhood sweetheart, Kate Mestitz in March 1997.His latest film The Infernal Machine is a psychological thriller feature film, written and directed by Andrew Hunt. The film released on September 23, 2022.Bruce Cogburn, a reclusive and controversial author of the famed book "The Infernal Machine," is drawn out of hiding when he begins to receive endless letters from an obsessive fan. What ensues is a dangerous labyrinth as Bruce searches for the person behind the cryptic messages, forcing him to confront his past and ultimately reveal the truth behind the book.Please enjoy my amazing conversation with Guy Pearce.Become a supporter of this podcast: https://www.spreaker.com/podcast/indie-film-hustle-a-filmmaking-podcast--2664729/support.

29 Sep 202250min

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