If you’ve been following me for a while, you’ve heard me beat the drum about taking control of your story. About owning your rights. About protecting the intellectual property that comes from your life experiences.
I’ll keep beating that drum because your story is one of your greatest assets. But here’s the counterintuitive truth I want to explore today: simply living a great story isn’t where the real value lies. It isn’t inherently valuable as a blob of ideas or past experiences.
From a financial standpoint, your “story” is worthless without “storytelling.” It is the creative process of sharing or producing a story that drives most of the value of that story.
The harsh truth is that the real value of a film or TV series based on a true story lies primarily in its production. The quality of the story's telling drives more of the financial value than any other factor.
The life rights and cooperation of the subjects of true stories have some financial value, but it is typically disproportionate to the most critical investments in driving monetary value.
More than ninety percent of the value of a story comes not from the fact that it happened, but from how it’s told.
That explains why there is such a disparity in how much securing rights accounts for in most Hollywood projects. Life rights and related expenses are typically less than five percent of the overall budget of a film based on a true story.
Now, that fraction would likely be different if you were Taylor Swift or some other big celebrity. A crap story about a celebrity can sell and make money. And a great one can too. And it is fair to say the celebrity brings more to those projects than to the typical “true story”. They can typically demand more than 5%.
But even in most of these cases, the life rights don’t exceed ten percent (10%) of the overall budget because the most important investments with the highest return on investment are creative.
That may sound surprising coming from someone who’s consistently talked about the importance of ownership. But stick with me on this, because this is where balance, not being greedy, and not being selfish, comes in.
While understanding your rights and the advantages of controlling the process are essential, to maximize the profitability of sharing your story, you must recognize the critical role of the creators in crafting your narrative. They will typically bring much more value to it than you will.
The storytelling team and their work will drive most of the real value of your story. The value of storytelling lies in the creative craft of storytelling.
The High School Summer Vacation Essay Analogy
Think back to high school. Imagine you had the most epic summer vacation of anyone in your class. You traveled to places your classmates had never seen, you met fascinating people, you had experiences that would make for an unforgettable story.
Now picture the teacher assigning an essay: “Write about your summer vacation.” Just because you lived the best story doesn’t mean you’ll tell it well. Your essay might read flat, while a classmate with a far less exciting summer writes something so engaging it has everyone laughing or tearing up.
The fact that you lived it and can share your account doesn’t mean your telling will do real justice to the truth of what happened. Frankly, you can do more harm than good if you share it poorly. You could turn an epic story into crap with bad storytelling.
That’s the point. Storytelling is a craft. Done well, it unlocks value. Done poorly, it leaves potential on the table. If you are serious about making the most of your story, then your most important task is building a great creative team to produce the storytelling.
Michael Jordan and The Last Dance
Take Michael Jordan. He lived one of the most remarkable basketball careers of all time. Six championships. Back-to-back three-peats. A cultural icon beyond the court.
But what made The Last Dance — the documentary chronicling those final two championship seasons — a global hit wasn’t just his career stats. It was how the story was told.
Jordan was smart. He controlled the rights to the footage. He waited until the timing was right. And when he finally moved forward, he chose the creative storytelling team he wanted. He demanded excellence from the storytellers. He provided access, but then he let them do their work.
The result? A ten-part masterpiece that captivated audiences around the world.
Jordan wanted control, yes. And he took his rightful share of the profits. But he wasn’t greedy. He understood that value multiplies when you pair the raw story with the right storytellers. That is the lesson for you.
Taylor Swift: Beachfront Property Analogy
Now, not everyone starts from the same place. Taylor Swift is the rare example of someone who could put out a shaky iPhone documentary, and millions would watch. Her fandom guarantees it. That’s beachfront property in the world of stories if storytelling were real estate development. Her land is so prime that people will line up no matter what you build on it.
But here’s the thing: even Taylor doesn’t stop there. She hires the right creative team to undertake the work at her direction. She invests in quality storytelling. She crafts eras. She layers her music with symbolism. She produces high-quality films of her concerts, transforming a live show into something fans will relive for years.
She proves that even when the land is prime, the right development makes it exponentially more valuable. She is STORYSMART®. Jordan and Swift are showing us the way.
Where Balance Comes In
So where does that leave the rest of us? Owning your story doesn’t mean hoarding it or being greedy. When it comes to professional storytelling at the highest level, selfish is stupid. It doesn’t mean going it alone. But it also doesn’t mean handing it over to someone else and hoping they’ll do it justice.
Great storytelling requires creative collaboration.
That concept of smart, creative collaboration drives our work. The STORYSMART® Way is about balance, inclusion, and bringing together the best of what exists in storytelling today.
It’s about honoring the authenticity of your lived experience while recognizing the immense creative lift it takes to transform that experience into something that resonates with audiences. It’s about forging partnerships that elevate the story while preserving its integrity.
That’s why I talk about an ecosystem. One that rewards the person who lived the story and values the storytellers who bring it to life. Balance, not greed. Partnership, not exploitation.
Creative collaboration.
That’s where actual value lives. It is also what sets our framework apart from anything else you’ll find in this space. It is about bringing professionals in and giving them equity in telling your story. That is the most radical – and I’d argue, the most sensible – aspect of our approach. You don’t face an “either or” binary decision of selling out or doing it yourself.
There is another way that marries the best of both into a hybrid approach – a collectivist or joint venture approach that has the potential to take your story to a transcendent level.
The Real Estate Analogy
Think of it like real estate. Land has inherent value. Beachfront will always be worth more than a rocky hillside (unless it has a killer view). But raw land doesn’t generate returns until you bring in architects, engineers, and builders. Quality development happens when a multi-disciplinary team collaborate like an elite level symphony performing a masterpiece.
Storytelling is the same. It requires collaboration.
In this analogy, your lived experience is like the land. The storytellers — the writers, filmmakers, producers, editors — are the architects and builders. Together, you collaborate to create something that multiplies the value of both.
Even the best land will underperform if developed poorly. And average land, in the right hands, can become something extraordinary.
Why This Matters Now
We live in a time when technology and access to information have democratized storytelling. Anyone can pick up a camera, start a podcast, or self-publish a book. That’s exciting.
However, the reality is that the signal-to-noise ratio is high. There is much crap out there. Millions of stories are competing for attention. Only the ones told with skill, craft, and excellence break through.
That’s why quality matters more than ever. If you’ve lived something meaningful, you don’t just need to protect it — you need to tell it well. And telling it well requires recognizing the innate talents of storytellers and respecting the creative process. That starts with understanding the financial potential of the right creative collaboration.
That’s the philosophy behind STORYSMART. We’re not here to replace Hollywood or declare traditional studios “bad.” Quite to the contrary. We love creators and the art they create. We’re here to pioneer a new model. One that blends the best practices of the creator economy and independent filmmaking. One that says:
• The true story matters.
• The storyteller matters.
• And together, we can share in the value we create together.
A Radical New Way Forward
I don’t see the current system as broken. I see it as incomplete and corrupted by winner-take-all greed. For too long, the rewards of storytelling have tilted toward whoever controlled the intellectual property. That’s just how the business has worked.
But the future is about more than control. It’s about creative collaboration. It’s about sharing. It’s about building an ecosystem where the source of the story and the team that tells it both benefit fairly and equitably.
High-quality, professional storytelling for all. That’s the vision we have for the creator-owned story development studio we are pioneering. For us, it’s the way forward. In the story we are writing as we build our studio, we don’t see a villain other than systemic greed and selfishness.
I see it like the movie Jaws. If you ask most people who the villain is in Jaws, most will say the shark. But they would be wrong. From a storytelling standpoint, the “villain” of that story was the town’s greed. After discovering the remains of a shark attack victim, Police Chief Brody wanted to close the beach to swimmers, but the city pushed back because it was their busy season.
Don’t Be Greedy – Collaborate with Creatives
If you want your story to reach the audiences it deserves, remember that more than ninety percent of the value comes from how it’s told. That means you should be investing in building your storytelling dream team, just as you would be if you were the head of your own film studio. Attach the right names to your project.
Trust me when I say that having a Tom Cruise, Meryl Streep, or Taylor Sheridan wanting to help with your story will only add value. Think like that. Find the right team. The right writer. The right producer, the right director, and so on.
Reject the outdated thinking that you have only two choices. Sell out or do it yourself. Selfish is stupid when it comes to storytelling at the highest levels.
Embrace creative collaboration. Think partnership, joint venture, shared equity, and mitigating risk by building a dream team.
At STORYSMART®, we help you navigate the path of turning your story into a film while maintaining control of your narrative. If this resonates with you, I encourage you to join our FREE STORYSMART® Storytelling for ALL™ Community, pick up my book STORYSMART Storytelling for ALL: How to Take Control, Own Your True Story and Profit Like a Hollywood Insider, or reach out to me personally.
About the Storytelling for ALL™ Newsletter
The Storytelling for ALL™ LinkedIn Newsletter is a guide to making the most of your true story. Twice a month, I'll share proven strategies, creative approaches, and industry-tested tools to help you take control of your narrative, protect your rights, and collaborate with great storytellers to bring your vision to life.
You’ll get practical, actionable insights to adapt your story into a book, film, documentary, or legacy preservation project — using the same approaches that top professionals rely on, now made accessible to you. Whether you’re an athlete, public figure, entrepreneur, or someone with a story worth telling, this is where you’ll learn to share it — on your terms.
Join the conversation with #StorytellingForALL and reach out to me personally if I can help.