Avatar Dragons

Hello! Today, I’m going to talk about the Prequel Film Festival, an activity run by Prequel, a startup for 10 to 13-year-olds, to teach them about life and how to be the best version of themselves. The festival involves producing your own movie. Participants have to bid on scripts, design marketing posters, make elevator pitches to directors, and decide when to release their movie. Here’s how it works:

The participants are divided into equal teams and given $50 million in Monopoly money and a sheet of paper. They don’t get to see the movie scripts initially and have five minutes to make a plan. After this, they start bidding on the scripts, which come in different genres like fantasy, comedy, or superheroes. Each movie has two stats: rating and hype.

• Hype means the movie gets a lot of initial views and makes money, but if it has a bad rating, the hype will die down after a few weeks.
• Rating means if a movie has a high rating but low hype, it won’t be popular at first but will gain traction and make money over time.

In our group, Phoenix, we had four kids. We decided to go for fantasy movies because they were well-balanced and could be extremely good with the director boost and marketing boost. We opted to spend $30 million on movie scripts and $15 million on directors. We bought two scripts: The Phoenix and The Enchanted Kingdom.

During the auction, everyone was interested in a movie called Shadow Warriors, which had high hype and rating. However, it was expensive, and we wanted to get good directors and marketing instead. We spent $15 million on directors but unfortunately lost one director to another team because our team members goofed off.

We also spent $10 million on supplies like markers, poster boards, and crayons. We managed to get a lot of markers for a cheap price by haggling, and we used these to make two incredible posters that won first and second place.

Near the end, I made a small mistake by changing our release schedule from spring and summer to winter and spring. If we had kept the original schedule, we would have won the whole thing. Additionally, having both directors would have easily made up for the 10 million gap between us and the winning team, XL Studios.

Despite the challenges, we learned a lot and had a great time! Anyway, bye everyone and see you later!