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June 10, 2005

Bobby Newmyer, putting his money...

...where his mouth is.

I read this article from the New York Times magazine section and was intrigued seeing as the first movie I ever worked on was "Addicted To Love" which happened to be produced by Mr. Newmyer, Jeffrey Silver and their Outlaw Productions.

What is so intriguing about this story is that Bobby would break the rule of NOT putting your own money into the movies that you make…

...and I think he's in a better spot now because of it. As the article in the Times says, Bobby rarely is "on-set" for the movies that Outlaw produces… by the time that shooting on such and such a film starts, Mr. Newmyer is off trying to find the funding and recourses for the next project. I got a sense of this when I was working in the production office for "Addicted To Love" and had a chance to meet Bobby. He was in New York City for the final pre-production meeting but after filming started, he was back on the west coast… I'm sure, lining up the next project. For the record, he was also very down to earth, not your typical Hollywood producer.

But with "Phat Girlz", when all the other studios and financiers backed out on him, he had enough faith in the project to sell stocks and mortgage his two homes to get the film made. This at a time when "black" films weren't fairing well at the box office. But as luck would have it, "black" films are now in vogue again (everything is cyclical), which gives Bobby the upper hand when cutting a deal with his future distributor, whoever that may be.

I find this story particularly interesting since we're in the process of raising money for my feature debut. While we're not asking a single investor to fund the entire production or anything close to it, like Bobby is, any investment in film is risky no matter how much you invest. However seeing a seasoned producer put his neck and own money on the line for a passion project inspires us to keep up the fight and get our film made. EB

Posted by ethan at June 10, 2005 03:45 PM

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