Tuesday, 29 March 2016

Professional Studies - Interviewing Adam Bouabda

I interviewed Adam Boubda, Producer of 'Ripper' a Batman Fan Film; as part of my research on financing independent films. I really enjoyed this and it gave me a lot insight into how complex the funding process can actually be. Here are some things Adam mentioned during the one hour interview...

"Obviously the budget we had wasn’t massive for the film we were attempting. I mean, it was twelve and a half to £13k possibly. How much of that that went into production I’m not actually sure, ‘cause money needs to go back to pay for the indiegogo stuff, like the perks and all that kind of stuff. So I’d say people were only getting paid about a quarter of their day rate." 

 "you get it back through the film tax credit but, with SCIS if you. Let’s say you got £20k spare and you’re going to put it into a film, if you put your money into a SCIS company, which is what ours is going to be set up as. You can actually claim 50% of your investment back through government tax credits. So it’s called Capital gains tax. So anybody with a decent amount of money pays capital gains tax. So their capital gains tax bill would be £10k lower the year after. So they’re saving money in that way. So it’s a good way of investing. So essentially what we’re offering at the moment for 'Please Don't Die' is 70-75% back before the films done anything, before it’s been sold."

"What happens is the distribution puts in the marketing money to one side. So they spend money on marketing it, so what happens is when the film sells the first person to recoup their money is the distribution. Marketing money first...and their 20%. Once that money has come off, and the sales agent has had their 10%, any more money that comes out then trickles down to the investors, anyone who had shares in the company essentially. This is why not many films make much money *laughs*. By the time everyone has took their cut the money is just..."



I found the aspect of transcribing the interview quite therapeutic, having to hear certain parts repeatedly really helps it stick in your mind and helps to process the information at a manageable rate.

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