- As promised, those post-tour numbers are in, and it’s all roses. “Red State” sold so many tickets and caused such positive buzz during its first tour, that pre-sales and ticket sales from that tour, alone, are going to be enough to recoup ALL of the film’s budget, and pay back its investors. ALREADY! How’s that for a success story? Let’s see, “Red State” hits theaters in 6 months, and it’s ALREADY making profit? Try that, studios! Here’s the deets from the man himself, in the latest “Red Statements” blog entry:
Over the course of the 15 shows of the Red State USA Tour, we made almost one million dollars from ticket and merchandise sales. A few times, we had the highest per screen average in the country. We started out with a record-making show at Radio City Music Hall and went on to average 1100 people per screening. Had we booked ourselves into smaller houses, we could’ve SOLD OUT every show; but being in the larger houses cost us nothing extra.
And apparently, we managed to pull 1100 a night solely from our podcasts: when asked nightly if they heard about the show from a show at SModcast.com, an overwhelming 85/90% of the audience indicated yes (Jon swears it was 100% in Seattle). That bodes well for SIR.
You take what we made on the tour, you add that to the $1.5mil we’ve pulled in from foreign sales thus far (with a few big territories yet to sell). Add to that $3mil we’re on the verge of closing for all North American distribution rights excluding theatrical (which means VOD/HomeVideo/PayTV/Streaming).
The flick cost $5mil to make, but $4mil after the California tax incentive. One of the only things Jon and I promised the Red State investors in exchange for letting us handle American theatrical distribution ourselves was that their $4mil would be covered as soon as possible, something very few other production entities can promise or even offer. Invest a million dollars in almost any production, and you rarely if ever get your money back within five years, let alone the one year it’s looking like it’s gonna take for our guys to make their money back.
Add up all those figures above and you’ll notice our gains are higher than our spending. And without any dopey marketing figures to have to recoup, once we close the aforementioned deals (which Jonn Sloss & LawCo are working to close as we speak), simple math dictates Red State is in the black ñ long before any wide release. That’s music to the ears of any investor who only put up their money in September.
Ta-da!
Y’know what else is kinda sweet? Those $3million in deals I was talking about? That only materialized because our little movie went out and performed well. See, any idiot can lie and write hyperbolically (and high scholastically) about a movie’s future and its maker’s sanity all they want at 20,000 feet. But in the real world, when movie and maker put asses in seats and money in the bank ñ all without spending anything on marketing? I don’t know what the technical business term is for it, but I’m pretty sure it’s not ‘imploding’.
So there ya have it, folks. $4 million spent. $1.5 mil from foreign sales, $3 mil from North America, and $1 mil from the tour. That’s $5.5 mil earned SO FAR. And things are just warming up…
“Red State” Recoups Budget BEFORE Release!
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