Why Smart Investors Are Looking at Independent Film and How They Can Support Important Causes
- Brainz Magazine
- Sep 15
- 4 min read
Joy Cheriel Brown is a talented hypnotherapist and filmmaker. She was trained by Marisa Peer in Rapid Transformational Therapy and has a Bachelor of Arts in Filmmaking from Howard University and a Master of Fine Arts in Creative Writing from National University, where she specialized in Screenwriting.
As an independent filmmaker, I’ve seen firsthand how investing in film can offer more than just financial returns. For people seeking both impact and upside, independent film presents an opportunity to put money into stories, communities, and values they care about. Below, I explore what makes indie film investing unique, what to watch out for, and how a recent example, CODA, illustrates both the rewards and the cause-aligned potential.
What makes independent film attractive to investors
1. Diversification
Film returns typically do not correlate strongly with more traditional asset classes like equities or bonds. That means adding film to a portfolio can help spread risk. Independent films often have lower budgets, more flexibility, and multiple revenue streams (festival sales, streaming, distribution rights, foreign sales).
2. Lower entry cost/higher upside
Because indie films often operate with smaller budgets, there is a chance for bigger proportional returns if the film is well executed, finds its audience, or gets picked up by a distributor or a streaming service.
3. Creative & cultural value
This is the “heart” side of the equation. Investors in independent film can support underrepresented voices, cultural diversity, social justice, or other causes simply by choosing projects aligned with those values.
4. Visibility & awards can amplify returns
A film that wins awards, receives strong critical reviews, or becomes a festival favorite can gain new channels (wider distribution, more visibility, streaming interest) that drive exponential value beyond initial expectations.
5. Impact investing
For many, film is a way to invest not just for profit but for purpose. Whether it’s shining light on marginalized communities, raising awareness of social issues, or preserving cultural heritage, film can be a vehicle for values.
What to be careful of
Risk: Many indie films don’t break even. It’s important to understand production, marketing, and distribution costs, to have a clear plan for recoupment, and to expect that returns, if they come, may take time, often several years.
Distribution uncertainty: Getting into theaters, festivals, or securing streaming deals is unpredictable, and terms may favor large platforms rather than the filmmaker or investor.
Liquidity: Film investments are usually illiquid. You can’t just sell your stake easily.
Authenticity & representation matter: If you care about supporting causes such as disability rights or cultural representation, it’s not enough to have a story. You need authentic collaborators, casting, and crew who reflect lived experience.
Case study: CODA
CODA (2021) is a strong example of how an independent film can deliver both cultural impact and commercial or awards success, while aligning with meaningful causes.
Authentic story & representation: CODA centers on a hearing teenager in a Deaf family. The film made a point of casting Deaf actors for many of the Deaf characters, employing ASL translators, and integrating Deaf culture authentically.
Independent financing & acquisition: CODA was made on an estimated $10 million budget. After Sundance, Apple acquired the rights for $25 million.
Awards & visibility: CODA won Best Picture, Best Supporting Actor, and Best Adapted Screenplay at the Oscars.
Cause alignment & community impact: CODA portrayed Deaf culture with respect and authenticity, elevating representation.
Financial/strategic upside: Although the theatrical gross was modest, Apple’s acquisition and streaming visibility amplified returns.
What this means for cause-minded investors
If you care about supporting certain values, such as disability rights, authentic representation, diversity, social justice, or community storytelling, film offers a platform to do so. By choosing to invest in indie films that:
Show lived experience representation
Involve underrepresented creatives
Engage with social, cultural, or environmental issues
Have a plan for broad access (festivals, streaming)
You can achieve both cultural return and financial or prestige return.
Conclusion
Independent film investing is risky, yes, but for those willing to shoulder some risk and seek more than just profit, it can pay off in surprising ways. CODA shows that even a relatively modest indie project, when done with authenticity and heart, can achieve major recognition, reach, and a kind of return that goes beyond dollars, reputation, impact, and culture.
As an independent filmmaker, this is why I believe film is one of the most exciting spaces for investors who want their money to do something more than just grow, something they can believe in, be part of, and be proud of.
Read more from Joy Cheriel Brown
Joy Cheriel Brown, Hypnotherapist and Filmmaker
Joy Cheriel Brown is a talented hypnotherapist and filmmaker. She was trained by Marisa Peer in Rapid Transformational Therapy and has a Bachelor of Arts in Filmmaking from Howard University and a Master of Fine Arts in Creative Writing from National University, where she specialized in Screenwriting. Also, she is the owner of Third Person Omniscient Productions and aims to make movies that help raise the collective consciousness.
