Many filmmakers will explain the first film they ever made was at home, it didn’t cost them anything, other than the expense of the film as well as a video camera that they were already in possession of. Even Steven Spielberg shot his first film utilizing a Super 8mm camera. Oh, and by the way 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 has become a virtually scary mission to find finance for young or upcoming filmmakers, and ultimately everything is determined by the film making budget. Most of the time though, when the film is of the low budget variety, as well as the idea is exclusive, you must not have a lot of difficulty financing it.
That being said however, finding finance for any film is often as tasking as actually making the film. You are likely to need your own business plan first of all, so before you approach anyone to fund your film making efforts, get your business strategy together. The company plan should contain a film making budget breakdown, who the intended audience is, income 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 generally speaking people who want to see their name up in lights. You might offer them a credit including “executive producer”, to have them keen on the idea, and you might actually have a rich relative, say Uncle Bob who you could approach. The draw-back with this is that, they probably have hardly any comprehension of how things operate in the film industry plus they can make your daily life difficult if you film will not reach the Oscars. Film industry investors are groups of people that have an knowledge of the kjammedia, and finance film making as a matter of course. These could be studios, distributors, broadcasters or those who will invest to help make money through the film. These sets of people be aware of the film making industry and probably won’t expect and Oscar, but will at the very least desire a return of investment.
Non-film industry investors include banks, rich loved ones, raising funds, and truth be told your charge card! Many confident filmmakers used their charge card to great success for financing a minimal budget film.
In summary, one word of advice is get a good lawyer, preferably somebody who has a little expertise in the film making industry, who are able to care for your interests. Film making funding is a reasonably complex process and you must know regarding your rights particularly with regards to signing distribution deals.
I employed to think that the film students had too little interest in Film Budgeting and expenses (of any sort). Not any longer. Not long ago i did a survey of film students with a respected film school. Listed here are the outcomes in the survey:
Over 80% from the students said they felt it had been essential to learn more about budgeting and exactly how it affected their careers as filmmakers. Film & Video production is probably the biggest industries in THE WORLD (close to ljlscd manufacturing, of course). The wide spread utilization of digital medium has produced a whole new opportunity. That opportunity, although less expensive compared to Hollywood style film productions we’ve grown utilized to, remains costly and requires financing. How do you have that financing? Where do you start?
Answer: You start out using the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. Whenever you can calculate a focal point, or learn how to operate a video camera, a Film Funds are simple.
Based on my experience over the past 20 years within 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 undertake more responsibility in their film & video projects, and 2. consequently will have more successful careers than their peers who haven’t learned to prepare Film Budgets, who don’t understand any production’s Cost Report and who never saw an easy Business Strategy.