Sorry if this has been posted already, but I just heard about it from a friend:
http://www.variety.com/article/VR111...goryid=13&cs=1
On the one hand this sounds like a phenomenal idea...I've been telling my friends for years that Hollywood needs some kind of mentoring program to develop new talent. On the other hand, I can see this backfiring with the obvious studio interference...I wish we had more info on the level of involvement the studio would have. 100k doesn't even cover the catering budget on a blockbuster, so I could imagine them staying out of the process, but on the other hand if they're specifically looking to create a breakout like Paranomal Activity, I could see them dicking around with every little aspect to make it taylor made to be a hit.
What do you guys think?
Quote:
| Seeking to replicate the stunning success of "Paranormal Activity," Paramount's launching an initiative that will spend $1 million annually to develop and produce microbudget films. Move, unveiled Thursday, is designed to place between 10 and 20 projects in development by the end of next year, with no individual budget topping $100,000. Paramount Film Group prexy Adam Goodman, promoted to the slot in June, cooked up the plan in the successful wake of "Paranormal," made for $15,000 and grossing more than $100 million domestically. Goodman indicated the funds, which will come out of the studio's overall production budget, will be targeted at both unknowns and established filmmakers, with the goal of increasing the studio's ability to find new voices and ideas. In addition, the initiative's aimed at giving Paramount a more diverse portfolio of titles at a time when Hollywood's devoting most of its resources to megabudget pics, such as Par's "Transformers" and "Star Trek" franchises. The studio hasn't set a target of how many projects would receive a theatrical release. The microbudget projects could also conceivably be remade with conventional budgets. Paramount originally planned to release "Shutter Island" in early October but, citing costs, decided in late August to push that title back to February and opted for "Paranormal Activity" instead. Par was able to make effective use of a low-cost grassroots release strategy, starting with a dozen midnight screenings of Oren Peli's horror-thriller in college towns before launching a gradual rollout that built on strong word of mouth. |
On the one hand this sounds like a phenomenal idea...I've been telling my friends for years that Hollywood needs some kind of mentoring program to develop new talent. On the other hand, I can see this backfiring with the obvious studio interference...I wish we had more info on the level of involvement the studio would have. 100k doesn't even cover the catering budget on a blockbuster, so I could imagine them staying out of the process, but on the other hand if they're specifically looking to create a breakout like Paranomal Activity, I could see them dicking around with every little aspect to make it taylor made to be a hit.
What do you guys think?







). And I completely agree that the way to go is to form crews/groups of people who work well together. I think that the microbudget world could take a page from the theater world and almost form "reperatory companies" of actors, writers, directors, all of whom can do a number of different things, working on each other's projects for a small amount of money. Personally, even though my DP's rate has gone up, she's become a mentor to me and one of the first people I talked to/sent the script to when I decided that the crime drama is going to be my next project to direct. If I do direct again, especially this, which is more ambitious than the last one on a couple of different levels, I want her behind the lens with me.