Chicago, IL (PressExposure) October 21, 2009 -- Phydeaux Productions, which produced "Walter Did", a horror film written by Drew Mcweeny, formerly of Aint-It-Cool-news.com is one of sponsors in new screenplay & filmmaking competition where the winner gets to direct a full length feature film.
Noci Pictures Entertainment (www.noci.com), a Chicago film finance and production company is also sponsoring the competition, as well as TeamLegalChicago.com, one of Chicago's top bankruptcy law firms.
"No one since Project Greenlight has allowed the winner of a film competition to direct a full length feature film", states attorney Tom Makedonski who heads both Phydeaux and Team Legal. "While most film or screenplay contests tantalize contestants with having the winner receive a phone call from some big Hollywood director or actor, there is little correlation between the winners, a film being produced and distributed internationally, and what its practical use is for the careers of the filmmakers".
The winning script will be produced in either Illinois, Michigan, Montreal, Saskatchewan, Manitoba, or any other place that has a high tax credit incentive which will be utilized as part of the winning film's financing structures.
While there is a $50 entree fee, all contestants must submit a reel in addition to a screenplay that showcases that they can in fact direct a film in addition to writing one. Whether the reel is a short film, music videos, commercials, etc., Reel Realities is is opening up the playing field to budding filmmakers and screenwriters in a tough economic climate.
"The reality is, studios are not really financing films internally and focusing on distribution", states Makedonski. "Even the handful of hedge funds left financing studio films is squeezing the opportunities out for everyone except for A-Listers which gives limited options to talented filmmakers who don't have sufficient budgets to make a showcase film for a global audience."
"This is not a situation where the winner will just get an ego boost that he placed high in some contest and hoping he gets a call from an agent who may or may not read his material along with a pile of a thousand other scripts", adds Yuri Rutman, head of Noci Pictures Entertainment. "This will be a real film, financed and produced the real way, with real distribution options".