Many filmmakers will explain that the first film they ever made was in the home, it didn’t cost them anything, apart from the price of the film and a video 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 an almost scary pursuit to find finance for young or upcoming filmmakers, and ultimately everything is dependent upon the film making budget. Most of the time though, if the film is from the low budget variety, as well as the idea is exclusive, you must not have excessive difficulty financing it.
With that being said however, finding finance for a film is usually as tasking as actually making the film. You will need your own business plan first of all, so just before you approach one to fund your film making efforts, get your strategic business plan together. The business plan should have a film making budget breakdown, who the intended audience is, cashflow 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 usually speaking those who would love to see their name up in lights. You can offer them a credit such as “executive producer”, to have them keen on the idea, and you will even have a rich relative, say Uncle Bob whom you could approach. The draw-back with this is the fact that, they probably have almost no knowledge of how things function in the film industry plus they could make your daily life difficult in the event you film will not get to the Oscars. Film industry investors are groups of people that have an knowledge of the apple.com, and finance film making in course. This can be studios, distributors, broadcasters or those who will invest to help make money through the film. These teams of people comprehend the film making industry and in all likelihood won’t expect and Oscar, and definitely will at the minimum desire a return of investment.
Non-film industry investors include banks, rich family members, raising funds, and surprisingly your charge card! Many confident filmmakers have used their charge card to good success for financing a low budget film.
In conclusion, one word of advice is get a better lawyer, preferably somebody who has just a little understanding of the film making industry, that can look after your interests. Film making funding is a reasonably complex process and you need to know about your rights particularly with regards to signing distribution deals.
I used to think that the film students had a lack 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 below are the final results from the survey:
Over 80% of the students said they felt it had been vital that you learn more about budgeting and exactly how it affected their careers as filmmakers. Film & Video production is probably the biggest industries on the planet (next to ljlscd manufacturing, obviously). The wide spread utilization of digital medium has created a new opportunity. That opportunity, although more affordable compared to the Hollywood style film productions we’ve grown employed to, remains costly and needs financing. How do you obtain that financing? Where would you start?
Answer: You begin with all the basics of Film Budgeting, Cost Reporting and very simple Business Plans. When you can calculate a centerpiece, or learn how to operate a video camera, a Film Budget is a piece of cake.
Based upon my experience over the past two decades within the film industry, I could confidently say: 1. Graduates from Film Study programs who understand the basics of film & video production money (Budgeting, Cost Reporting and Business Plans) will discover they are able to undertake more responsibility in their film & video projects, and two. consequently will have more productive 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 basic Business Plan.