Many filmmakers will show 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 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 information on basic film making techniques, just not so simple to find financing for film making.
It is a nearly scary pursuit to find finance for young or upcoming filmmakers, and ultimately everything is dependent upon the film making budget. Generally speaking though, if the film is from the low budget variety, and also the idea is exclusive, you must not have a lot of difficulty financing it.
With that being said however, finding finance to get a film is often as tasking as actually making the film. You are going to need your own business plan to begin with, so even before you approach someone to fund your film making efforts, obtain your strategic business plan together. The business plan should contain a film making budget breakdown, who the intended audience is, cash flow projection, marketing plan, synopsis, biographies and what prospect 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 want to see their name up in lights. You might offer them a credit such as “executive producer”, to have them keen on the idea, and you will also have a rich relative, say Uncle Bob whom you could approach. The draw-back of the is the fact, they probably have hardly any understanding of how things function in the film industry and they might make your lifestyle difficult if you film will not get to the Oscars. Film industry investors are groups of individuals who have an understanding of the kjammedia, and finance film making in course. This can be studios, distributors, broadcasters or those who will invest in order to make money through the film. These groups of people comprehend the film making industry and in all likelihood won’t expect and Oscar, and definitely will at the very least desire a return of investment.
Non-film industry investors include banks, rich loved ones, raising funds, and surprisingly your charge card! Many confident filmmakers have used their credit card to great success for financing a minimal budget film.
In conclusion, one word of advice is get a good lawyer, preferably anyone who has just a little understanding of the film making industry, who are able to look after your interests. Film making funding is a reasonably complex process and you must know about your rights particularly when it comes to signing distribution deals.
I used to believe that the film students had too little fascination with Film Budgeting and Costs (of any kind). Not any longer. Not long ago i did a survey of film students in a respected film school. Listed here are the final results of the survey:
Over 80% of the students said they felt it was vital that you learn more about budgeting and just how it affected their careers as filmmakers. Film & Video production is among the biggest industries in THE WORLD (close 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 employed to, continues to be costly and requires financing. How do you obtain that financing? Where would you start?
Answer: You start out using the basics of Film Budgeting, Cost Reporting and very simple Business Plans. Whenever you can calculate a focal point, or discover ways to operate a camera, a Film Finances are a piece of cake.
Based on my experience over the past 20 years inside 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 find they could take on more responsibility inside their film & video projects, and two. consequently will have more productive careers than their peers who haven’t learned to make Film Budgets, who don’t understand any production’s Cost Report and who never saw a simple Business Plan.