With all of these online versions of film festivals popping up, I keep getting asked by filmmakers – “should we participate in this?” Or more often – “am I missing something? Why would we do this?”
 
My answer is always the same – if you are launching a brand-new film that is still seeking distribution, no. If you have a short, or an older film, or one where you have locked in distribution (and if your distributor agrees), or one where you are doing a DIY release – sure, or at least maybe. But if you are trying to premiere a feature film, and you don’t yet have distribution, then as of now you can’t consider these online festivals because buyers consider them a conflict with their distribution of your film. They do NOT see it as word-of-mouth building, or good PR, or a way to test/prove audience demand. They see it as a distraction at best, and lost income, or a loss of control or a loss of premiere status at worst.