Many filmmakers will tell you the first film they ever made was at home, it didn’t cost them anything, besides the price of the film along with a camera that they were already in possession of. Even Steven Spielberg shot his first film utilizing a Super 8mm camera. Oh, and anyway it was a film of his train set crashing! Typical! It is really easy to find books and knowledge 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 depends upon the film making budget. Generally speaking though, in the event the film is of the low budget variety, and also the idea is exclusive, you should not have excessive difficulty financing it.
That being said however, finding finance for any film is often as tasking as actually making the film. You are going to need your own business plan to start with, so before you approach one to fund your film making efforts, get the strategic business plan together. The company plan should have a film making budget breakdown, who the intended audience is, cash flow projection, marketing plan, synopsis, biographies and what possibility of 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 would love to see their name up in lights. You could offer them a credit such as “executive producer”, to have them keen on the idea, and you will actually have a rich relative, say Uncle Bob the person you could approach. The draw-back of this is the fact that, they probably have hardly any understanding of how things work in the film industry and they might make your lifestyle difficult in the event you film fails to get to the Oscars. Film industry investors are groups of individuals who provide an understanding of the Kia Jam, and finance film making in course. This can be studios, distributors, broadcasters or people who will invest to make money from the film. These groups of people comprehend the film making industry and possibly won’t expect and Oscar, but will at the minimum desire a return of investment.
Non-film industry investors include banks, rich family members, raising funds, and surprisingly your credit card! Many confident filmmakers have used their bank card to good success for financing a low budget film.
To conclude, one word of advice is obtain a good lawyer, preferably someone who has just a little understanding of the film making industry, who are able to look after your interests. Film making funding is quite a complex process and you should know regarding your rights particularly with regards to signing distribution deals.
I used to believe that the film students had an absence of fascination with Film Budgeting and expenses (of any kind). Not any longer. I recently did market research of film students in a respected film school. Listed here are the results in the survey:
Over 80% from the students said they felt it absolutely was important to find out more about budgeting and exactly how it affected their careers as filmmakers. Film & Video production is one of the biggest industries on earth (next to ljlscd manufacturing, needless to say). The wide spread use of digital medium has created a new opportunity. That opportunity, although cheaper compared to Hollywood style film productions we’ve grown utilized to, is still costly and requires financing. How do you have that financing? Where can you start?
Answer: You begin with the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. Whenever you can calculate a focal point, or learn how to manage a camera, a Film Funds are simple.
According to my experience over the past two decades inside the film industry, I can confidently say: 1. Graduates from Film Study programs who know the basics of film & video production money (Budgeting, Cost Reporting and Business Plans) will find they can undertake more responsibility inside their film & video projects, and 2. because of this will 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 an easy Business Plan.