The film industry is a $36.4 billion global market. Despite this fact, amidst a thriving industry, approximately 90% of all movies produced fail to make profit. This shocking figure can sometimes be a result of creative accounting strategies employed by large production house looking to mitigate corporate taxation. However, for the independent filmmaker, there is often a sound, realistic explanation for this phenomenon.
Simply put, films are the dreams of the creative and can often be subject to losses due to poor business planning. So, while there is a known formula for avoiding film-failure, it is this lack of financial acumen and near-sighted focus on only the creative side of the film which drives that statistic. This has generated a need-driven demand for film finance experts to provide financial support and diligence to the independent film market.