Earlier this month (16-17 October) the first ever Film London's Micro-Budget Market took place in Central London in order to connect 19 micro-budget filmmaking teams with financiers looking for unique projects that can be made at a relatively low cost. The event follows the steps of the successful Film London Production Finance Market and gives the filmmakers an opportunity to pitch and discuss their projects with financiers interested in sourcing projects budgeted at €1M or under. Participants also benefit from training in negotiating and deal-making as well as how to deliver a good pitch, all of this while also receiving advice from a mentor in order to maximize the potential for success in the future.
"The incredible pool of talent working in the micro to small budget space is all too easily overlooked, but it is in this space that you often find the next big thing – and that's just what we're hoping to do.” said Andrea Scarso, Investment Manager at Ingenious Media
Supported by the Creative Skillset’s Film Skills Fund and aiming to help creators find the financial help they need to materialize their visions, the participants had the chance to meet with representatives from
- Sales companies
- Investment funds
- Post houses
- Online and VOD platforms
- Public agencies
“I am thrilled to introduce Film London Micro-Market. Having identified a need among emerging U.K. producers, we have developed a unique event connecting micro-budget film-makers with financiers looking for projects in that bracket”. said Adrian Wootton, Chief Executive of Film London and British Film Commission.
The main mission of this new micro-budget market is to provide support for projects budgeted at levels not currently served by the industry, and to help the filmmakers source finance for specific feature films. Through this event they also gained the skills necessary to build networks to enable a more sustainable financing base for future projects across both private and the public finance. "To me, micro-budget is the brave new horizon in film and it's the place where anything feels possible, both creatively and in new models of getting films out there.” said Josh Appignanesi, attendee.
A day of training in negotiating and deal-making took place ahead of the Market, followed by a half-day focusing on pitching. There was also a final debrief training session after the market to allow film teams to reflect on the learning and experience.
For information on the Film London's Micro-Budget Market and other events visit HERE