Brendan Cowles at 2013-03-28 12:26:08:
Great post Scott. Here's my $.02.
If you have reps and a fresh spec then the strategy will be laid out by them. You'll be involved, but this is their world and this is why you have them. You'll either divide territories (assuming producers respond to the spec and want to take it in to the studio) or if you have a big fish producer that loves it you might give him/her "the town."
As far as attaching a producer early on... this can be good or bad so choose carefully. We just did this and it's been great, simply because the quality of this producer. She is crazy good with story, has a great reputation, loves our project so she's in for the long haul, and (this is key) she is willing to partner. I think you need all of these factors to consider doing this.
1)good with story. A rare quality believe it or not in a producer. Most of them know what they want, but have a very hard time in translation. If you are going to let someone into the process, make sure they have a great pov and can articulate execution specifics. And they need to be flexible since it's your baby.
2)Loves the project. How would you like to spend a year or more developing. Take it out. Get some passes and that producer jumps ship. Wait, let me clarify... they won't detach themselves in the off chance something happens with it, so jumping ship means no longer doing anything with it. Ouch. You want a motivated producer that's like a dog with a bone. They gotta believe.
3)Has a good or great reputation. Important for obvious reasons.
4)Willing/Looking to partner. Okay this is important. The ideal producer to develop with is one that is big enough to have a real rep and serious relationships (with other producers/directors, etc) but not so big they are unwilling to partner in which case all of your eggs are in one basket. The... let's just call this type of producer "boutique"... the boutique producer is smart with story, has the relationships so your getting past thresholds that sometimes your agent/mgr can't get passed, i.e. handing the script directly to Mike De Luca vs. three rungs down the ladder, but your boutique producer doesn't have thirty projects in development so yours is a high priority and doesn't get dumped the second the momentum phases.
We're in the final stages of this process right now (script done, director attached, strategizing on partnerships, etc, about to go back out) and the producer we developed with is doing everything we hoped she would. But again, choose wisely.