Many filmmakers will tell you that the first film they ever made was at home, it didn’t cost them anything, other than the expense of the film and a camera that 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 simple 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. Most of the time though, in the event the film is from the low budget variety, and the idea is exclusive, you must not have too much difficulty financing it.
With that being said however, finding finance for a film is frequently as tasking as actually making the film. You are going to need your own business plan to begin with, so even before you approach one to fund your film making efforts, obtain your strategic business plan together. The business plan should include 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 generally speaking those who would like to see their name up in lights. You might offer them a credit like “executive producer”, to obtain them keen on the idea, and you will actually have a rich relative, say Uncle Bob whom you could approach. The draw-back with this is the fact, they probably have hardly any knowledge of how things work in the film industry and they could make your life difficult if you film does not make it to the Oscars. Film industry investors are groups of people who have an knowledge of the apple, and finance film making in course. These could be studios, distributors, broadcasters or individuals who will invest in order to make money from your film. These sets of people be aware of the film making industry and possibly won’t expect and Oscar, but will at a minimum desire a return on their investment.
Non-film industry investors include banks, rich loved ones, raising funds, and believe it or not your charge card! Many confident filmmakers have tried their charge card to good success for financing a low budget film.
To conclude, one word of advice is get a better lawyer, preferably somebody who has a bit expertise in the film making industry, that can care for your interests. Film making funding is quite a complex process and you must know concerning your rights particularly with regards to signing distribution deals.
I employed to assume that the film students had too little fascination with Film Budgeting and expenses (of any kind). Not anymore. Not long ago i did market research of film students with a respected film school. Listed here are the final results in the survey:
Over 80% of the students said they felt it absolutely was essential to learn more about budgeting and just how it affected their careers as filmmakers. Film & Video production is probably the biggest industries on earth (alongside ljlscd manufacturing, obviously). The wide spread usage of digital medium has established a brand new opportunity. That opportunity, although less expensive than the Hollywood style film productions we’ve grown utilized to, is still costly and requires financing. How will you get that financing? Where do you start?
Answer: You start out with all the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. Whenever you can calculate a focal point, or discover ways to run a video camera, a Film Budget is easy.
Based on my experience over the past 20 years within the film industry, I will 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 are able to undertake more responsibility within their film & video projects, and 2. as a result could 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 an easy Business Strategy.