I have entered into several of these operations and only one paid anything. Usually, someone has the greatest idea ever thought of and needs to produce a video that the entire world cannot do without.
The one that paid, paid quite well. The other two looked really good on paper and in theory, but, the “producer” didn’t have the money or the skills to market the product. If they have nothing invested but time, it’s very easy for them to walk away from the project. As mentioned earlier, you could catch the blame for the product not selling.
If the product were in such demand, most likely, someone else would have done it by now.
Is there a demand that you can recognize? Most people say “If I start asking around, someone else will do it and I will be screwed out of my idea.” This is a risk we take with everything we do.
If this is a partnership, your “partner” has to put something of value into the mix or does he just have this great idea and you have to put up all of the time and money?
You are asking us what we think because you have a gut feeling that you are about to embark on a loser. You’re probably right.
If you decide to move forward, you should invest in a contract attorney and follow their advice.
Also, do no show the other person this thread. It’s time for you to make a few decisions and our experience is intended to be your guide.
All of this being said, the guy that produced the first Jane Fonda (US traitor) work out videos made a lot of money. However, they were filling a giant need, not coming up with a product that had a tiny client base.
A final word: One project that I passed on made over a million bucks for one of the dumbest people to ever grace my doorstep. So, now what?
Steve Wargo
Tempe, Arizona
It’s a dry heat!
Sony HDCAM F-900 & HDW-2000/1 deck
5 Final Cut Pro systems
Sony HVR-M25 HDV deck