Thoughts on Shane Smith

In today's article, Shane Smith echo's thoughts I've had about the insane costs associated with film/TV production and the high percentage of bad movies and cancelled TV shows created by the current process.

That's exactly why I'm looking at Lean Startup techniques, trying to get the batting average up. I truly believe there has to be a way to scientifically test ideas in the marketplace early in development and fine-tune from there.

Ref: http://variety.com/2015/biz/news/shane-smith-tv-and-film-production-costs-dont-make-sense-in-the-digital-era-1201416728/

Upvoting loglines

What about a website where you upvote loglines? Actually, now that I think about it, I've seen that before. Could be useful in a general way to gauge interest but I think there's inherent problems:

1. They're not paying customers. 
2. There's no reason for them to be on the site. What do they "get" for upvoting a logline? It's a game. No risk, no reward. 

You'd need large numbers of people on the site. Voting on loglines isn't as fun as an "am I hot or not" voting site. 

And without risk (pay) you're not truly tracking behavior, you're tracking perceived behavior. What people think they would pay money to see. 

Crowdfunding with Peter Diamandis

Listened to the Tim Ferriss / Peter Diamandis podcast today and it got me interested in crowdfunding as a possible resource for testing new material, prior to production.

Previously I had been opposed to crowdfunding, because I don't like the idea of people paying for a product, which they have to buy again later. 

But... it could be an excellent way to market test film ideas at the script stage, or earlier. I imagine posting a trailer with the highlights, a short breakdown of the story, and then offer to buy the film for $5. 

If enough people buy it, then it gets made. If not, the money gets refunded.

Quote from the interview, regarding crowdfunding:

You get to find out not only does the world want it, but in-fact, what color, what size, what shape. And it's the most honest vote you can. Who cares what a monkey survey says, it's when people put their credit card down and vote with their wallet. That's what really matters. 

It's zero dilution, you test your marketplace, you get out in front, and more importantly you build a community.  

Doesn't that sound like something that could (and should) be applied towards independent filmmaking?

Source: Tim Ferriss Podcast