Many filmmakers will show you that the first film they ever produced was at home, it didn’t cost them anything, apart from the expense of the film as well as a camera they were already in possession of. Even Steven Spielberg shot his first film using a Super 8mm camera. Oh, and incidentally it was a film of his train set crashing! Typical! It is really easy to find books and information on basic film making techniques, just not so simple to find financing for film making.
It is now an almost scary mission to find finance for young or upcoming filmmakers, and ultimately everything is dependent upon the film making budget. In most cases though, if the film is from the low budget variety, and the idea is exclusive, you must not have too much difficulty financing it.
That being said however, finding finance to get a film is usually as tasking as actually making the film. You are likely to need your own business plan first of all, so just before you approach anyone to fund your film making efforts, get the business plan together. The company plan should contain a film making budget breakdown, who the intended audience is, income projection, marketing plan, synopsis, biographies and what potential for sales the film with have.
Investors to approach include both film and non-film industry investors. Non-film industry investors are typically speaking those who want to see their name up in lights. You could offer them a credit including “executive producer”, to have them keen on the idea, and you will also have a rich relative, say Uncle Bob who you could approach. The draw-back with this is the fact, they probably have hardly any understanding of how things work in the film industry plus they can make your daily life difficult in the event you film will not make it to the Oscars. Film industry investors are groups of people who come with an understanding of the Kia Jam, and finance film making in course. This can be studios, distributors, broadcasters or those who will invest in order to make money from the film. These sets of people be aware of the film making industry and possibly won’t expect and Oscar, and definitely will at the minimum desire a return on their investment.
Non-film industry investors include banks, rich loved ones, raising funds, and surprisingly your bank card! Many confident filmmakers used their charge card to good success for financing a small budget film.
In conclusion, one word of advice is obtain a good lawyer, preferably anyone who has a bit expertise in the film making industry, that can take care of your interests. Film making funding is quite a complex process and you should know about your rights particularly with regards to signing distribution deals.
I used to assume that the film students had an absence of desire for Film Budgeting and expenses (of any type). Not any longer. Recently i did a survey of film students at a respected film school. Listed here are the final results of the survey:
Over 80% from the students said they felt it was important to know more about budgeting and just how it affected their careers as filmmakers. Film & Video production is one of the biggest industries on earth (alongside ljlscd manufacturing, needless to say). The wide spread utilization of digital medium has created a brand new opportunity. That opportunity, although more affordable than the Hollywood style film productions we’ve grown utilized to, is still costly and requires financing. How do you get that financing? Where would you start?
Answer: You begin with all the basics of Film Budgeting, Cost Reporting and extremely simple Business Plans. If you can calculate a center point, or learn how to operate a camera, a Film Finances are a piece of cake.
Based upon my experience over the past 20 years in the film industry, I could confidently say: 1. Graduates from Film Study programs who be aware of basics of film & video production money (Budgeting, Cost Reporting and Business Plans) will discover they could undertake more responsibility in their film & video projects, and 2. consequently may have more lucrative careers than their peers who haven’t learned to get ready Film Budgets, who don’t understand any production’s Cost Report and who never saw a simple Business Strategy.