'Fishing for Crocodiles' is based on the short novel of the same title, part memoir - I grew up in Barotseland - and part fiction. Our take on 'magical realism.'
Originally budgeted at $3 million, we've raised the production finance twice and seen it fall through twice, the last time as a result of the 2008 crash. So now we start again but this time seeking a straight $1 million. There are five reasons for the reduction in budget.
First, current times. Movies are high-risk, high-reward - and the reality is that high-risk capital is harder than ever to find.
Second, production technology is changing fast and, every year - assuming the production team is dedicated and passionate enough to invest time and energy - higher production values can be achieved with lower expenditures.
Third, there have been some dramatic changes in Zambia, which will greatly benefit the production.
Fourth, we have abandoned - are ignoring - the conventional wisdom that 'names drive sales.' We don't deny that truth but names cost and we believe that our story and our location are the stars of this movie. Plus we know that the decision to go entirely local - talent and crew - will be a 'star' in its own right. A great story. A powerful promotional tool.
Finally, while the potential financial upside remains the same whatever the production budget, drastically reducing the cost increases the investors' potential profits and - again bowing to the current economic conditions - we believe that incentive will secure the financial partner(s) we need to make this movie.
This information does not constitute a formal offering but is intended as a summary of the deal, for consideration by industry professionals, and by individuals of high net worth.