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Film Financing Information provided by Sharp Angle @filmbiz101.com

Call for Entries: Digital Media Initiative

Want to create media for the small screen?

A national Call for Entries for the Institute will be announced at the 2007 Sundance Film Festival. Through the Institute, eight production teams of up to 3 people each will be selected to come to BAVC’s San Francisco facility for ten days. Producers will participate in high-level industry roundtables, intense one-on-one project development with technical mentors, new media storytelling workshops, and hands-on prototyping of their ideas. The participants will be adapting and developing award-winning film and video content for delivery using interactive formats, including video game applications, interactive, web-based experiences, mobile streaming, multi-user communities, and new educational software. They may choose a range of delivery strategies, including cell phones, other hand-held devices, set-tops, Internet, portable software and more.

“The Producer’s Institute intends to provide a first-of-its kind incubator for independent filmmakers in new media technologies, and a unique opportunity for industry to greenlight innovative content for these new distribution models,” says Wendy Levy, BAVC’s Director of Media Arts and Education, who will oversee the Institute. The Institute will take place June 1 – 10, 2007 at BAVC in San Francisco. Applications will be available online beginning January 15th, with a February 15th deadline to apply. Institute participants will be notified by March 1st.

More info available at BAVC:
http://www.bavc.org/meet/news/e_news/010107/events/index.htm
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Image from BAVC eNews January 2007, bavc.org

Financing Mobile Video Projects

Report: Financing Mobile Video Projects Not an Easy Task

The market for mobile TV and video is growing rapidly, but content providers are finding it difficult to finance new projects, according to a new report by Informa Telecoms and Media in partnership with peacefulfish.

Informa forecasts worldwide revenue from mobile TV and video services will rise from $2.46 billion in 2006 to $8.35 billion in 2011, but content providers vying for a share of this market face challenges.

“While mobile TV and video content is less expensive to produce than film or broadcast TV content, it still requires upfront production costs that typically run several thousand dollars per minute,” said Chris Coffman, senior research analyst at Informa and author of the report. “Revenue shares don’t fund the initial creation of content. The mobile TV and video sector would benefit from distributors, such as broadcasters, mobile operators and content aggregators, sharing in more of the risk.”

The report said companies from both the mobile and media industries are using minimum guarantees and licensing payments to help finance projects. Content providers also rely on outside investments.

The report also suggested producers take advantage of mobile video users’ desire to watch short clips and create new formats and programs designed specifically for that format.

Informa Telecoms and Media www.informatm.com

peacefulfish www.peacefulfish.com

http://www.xchangemag.com/articles/537/6bh612512990066.html

Filmmakers should keep up-to-date on developments regarding content creation for mobile platforms. While licensing is in its early stages, there is a tremendous potential for creativity, and evenutally, meaningful revenues.

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