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Micro-budget film boon

12.11.2009
Thank goodness for PARANORMAL ACTIVITY. Because of that film's enormous box office success, Paramount is going to do something that should've happened a long time ago.

According to Variety, Paramount Pictures is going to launch a new initiative that will allocate $1 million annually of its overall production budget to develop and produce micro-budgeted films. As mentioned above, all this comes in the wake of PARANORMAL ACTIVITY's $100+ million box office gross vs. its $15,000 budget.

The trade elaborates: "[The] move... is designed to place between 10 and 20 projects in development by the end of next year, with no individual budget topping $100,000. The funds... 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 [Paramount's] 'Transformers' and 'Star Trek' franchises."

Lots of questions and potential doubts float around this news, but I feel it's a great step in the right direction in an industry where the financial risk of making large films has gotten way too out of hand. It's also pointed out that this is being geared not only for budding filmmakers but established ones too. Since I firmly believe that limitations can spark greater creativity, this is a great thing when applied to even some of our favorite directors working today (many of whom have made great and memorable films on the dirty cheap). As an audience and as fans, and especially for the aspiring artists among us, this should be something very exciting.
Extra Tidbit: A few micro-budgeted films of note are George Romero's NIGHT OF THE LIVING DEAD ($114,000), David Lynch's ERASERHEAD ($100,000), and Daniel Myrick and Eduardo Sanchez's THE BLAIR WITCH PROJECT ($25,000).
Source: Variety

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2:48PM on 12/13/2009

Awesome!

This is good news. Finally we'll get tons of original movies by up and coming directors who actually deserve it.
This is good news. Finally we'll get tons of original movies by up and coming directors who actually deserve it.
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8:29PM on 12/11/2009

Awesome

I hope that this brings back some good storytelling. Paranormal Activity, while having a small budget, didn't really have a lot going for it past the gimmick. But I think some good low budget films are on the horizon.

Let me take this opportunity to shamelessly plug a low budget film I co-wrote, called "Death & Cremation". It stars Brad Dourif and Jeremy Sumpter. Our budget was considerably small, but the talent involved jumped on board simply because they enjoyed the script. Check it out at
I hope that this brings back some good storytelling. Paranormal Activity, while having a small budget, didn't really have a lot going for it past the gimmick. But I think some good low budget films are on the horizon.

Let me take this opportunity to shamelessly plug a low budget film I co-wrote, called "Death & Cremation". It stars Brad Dourif and Jeremy Sumpter. Our budget was considerably small, but the talent involved jumped on board simply because they enjoyed the script. Check it out at IMDB.com.

- Alecc B. (Longtime Schmoe!)
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+0
5:12PM on 12/11/2009
Give some money to the HOBO WITH A SHOTGUN guys.
Give some money to the HOBO WITH A SHOTGUN guys.
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4:08PM on 12/11/2009
This could be some of the best news I've read all year. I'm surprised in a way that this hasn't already happened, and that Paramount is behind it.
This could be some of the best news I've read all year. I'm surprised in a way that this hasn't already happened, and that Paramount is behind it.
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11:39AM on 12/11/2009
I think this could be fantastic if Paramount are not total dicks and let the talent do their thing when making the movies.
I think this could be fantastic if Paramount are not total dicks and let the talent do their thing when making the movies.
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10:56AM on 12/11/2009
Too bad it's the thirst of money that is the source of this initiative. But this could be a great thing for good stories and substance that are out there.
Too bad it's the thirst of money that is the source of this initiative. But this could be a great thing for good stories and substance that are out there.
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9:50AM on 12/11/2009

Take the "established filmmakers"

off that list, and I'm totally down with that. Shit, 98% of "A List" directors can't have a pre-pre-production meeting without a 6 figure budget.

Give me $100,000 and I'll bring back 3 flicks, and have some cash left over for some KFC for the crew.
off that list, and I'm totally down with that. Shit, 98% of "A List" directors can't have a pre-pre-production meeting without a 6 figure budget.

Give me $100,000 and I'll bring back 3 flicks, and have some cash left over for some KFC for the crew.
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10:29AM on 12/11/2009
as long as its not that un-fried shit consider me first AD
as long as its not that un-fried shit consider me first AD
+4
5:53AM on 12/11/2009
oh man id love to see a $100,000 cameron film. lol.
oh man id love to see a $100,000 cameron film. lol.
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4:54AM on 12/11/2009
This is awesome and inspiring! I'd love to see an established director work on $100k. I could remake Gone With the Wind for a $100k!...seriously tho...I could.
This is awesome and inspiring! I'd love to see an established director work on $100k. I could remake Gone With the Wind for a $100k!...seriously tho...I could.
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