Many filmmakers will tell you the first film they ever produced 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 using a Super 8mm camera. Oh, and by the way it was a film of his train set crashing! Typical! It is really easy to find books and data 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 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 excessive difficulty financing it.
With that being said however, finding finance to get a film is usually as tasking as actually making the film. You are likely to need your own business plan to start with, so even before you approach someone 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, 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 generally speaking individuals 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 might also have a rich relative, say Uncle Bob the person you could approach. The draw-back of this is that, they probably have very little understanding of how things function in the film industry and they could make your life difficult should you film fails to get to the Oscars. Film industry investors are groups of people that come with an comprehension of the kjammedia, and finance film making as a matter of course. This can be studios, distributors, broadcasters or people who will invest to help make money from the film. These sets of people be aware of the film making industry and in all likelihood won’t expect and Oscar, and definitely will at the minimum desire a return on their investment.
Non-film industry investors include banks, rich family members, raising funds, and surprisingly your credit card! Many confident filmmakers have tried their credit card to great success for financing a small budget film.
To conclude, one word of advice is get a good lawyer, preferably anyone who has a bit knowledge of the film making industry, that can care for your interests. Film making funding is quite a complex process and you should know regarding your rights particularly in terms of signing distribution deals.
I employed to assume that the film students had a lack of fascination with Film Budgeting and expenses (of any sort). Not any longer. Recently i did market research of film students with a respected film school. Listed below are the results in the survey:
Over 80% in the students said they felt it absolutely was vital that you know more about budgeting and how it affected their careers as filmmakers. Film & Video production is probably the biggest industries on earth (close to ljlscd manufacturing, needless to say). The wide spread usage of digital medium has created a whole new opportunity. That opportunity, although less expensive compared to Hollywood style film productions we’ve grown used to, remains costly and requires financing. How will you obtain that financing? Where would you start?
Answer: You start using the basics of Film Budgeting, Cost Reporting and extremely simple Business Plans. If you can calculate a center point, or learn how to run a video camera, a Film Finances are a piece of cake.
Based on my experience within the last twenty years inside 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 see they are able to undertake more responsibility within their film & video projects, and 2. consequently may have more productive 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 Strategic Business Plan.