SPECIAL EVENT: Coronavirus and the Effect on the Indie Film Business

We are living in a crazy world, my friends. I wanted to do an
episode on the effect the Coronavirus is having, not only on the
film industry at large but also on how it will affect the indie
filmmaker. With major events canceled like SXSW, MIPTV, and
Cinequest, indie filmmakers are already feeling the effect. Twenty
four of the largest theater owners in China have pulled out of
CinemaCon, the largest convention of international theatrical
exhibitors. Is the Cannes Film Festival and Market next?

Production has stopped on Mission Impossible 7, which was shooting
in Italy and the extremely popular The Amazing Race reality show
has been suspended. The new James Bond film No Time to Die has been
pushed until Nov 2020. Disney's Mulan, which is a love letter to
the Chinese market has canceled it's China premiere and the release
date in the US is up in the air.

The Chinese box office has been at a standstill. 70,000 screens
have been closed since January with no word when they will open.
This has cost $2 billion in lost revenue to the Chinese and world
film industry. The worldwide box office has lost $4 billion to date
and growing each day. The theatrical box office was down 26.6%
vs 2018 and this could be a MAJOR nail in the coffin of an already
vulnerable theatrical business. We are in crazy times, my
tribe.

In this episode, I go over how this event is affecting indie
filmmakers, what they can do to prepare, adjust and/or pivot in the
coming weeks and months. It has never been more important for
filmmakers to adopt the Filmtrepreneurial Method. Diversification
of revenue streams is the only way filmmakers can hedge their bets
in the uncertain times ahead.

Sit back, pull up a stiff drink and take a listen.

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