Many filmmakers will tell you that the first film they ever produced was at home, it didn’t cost them anything, besides the expense 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 anyway it was a film of his train set crashing! Typical! It is really simple to find books and information on basic film making techniques, just not so simple to find financing for film making.
It has become an almost scary pursuit to find finance for young or upcoming filmmakers, and ultimately everything depends upon the film making budget. Most of the time though, if the film is from the low budget variety, and the idea is unique, you must not have too much difficulty financing it.
That being said however, finding finance for a film is frequently as tasking as actually making the film. You are likely to need your own business plan to begin with, so even before you approach one to fund your film making efforts, get your business plan together. The organization plan should have a film making budget breakdown, who the intended audience is, cashflow 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 typically speaking individuals who want to see their name up in lights. You could offer them a credit like “executive producer”, to obtain them keen on the idea, and you will also have a rich relative, say Uncle Bob whom you could approach. The draw-back with this is that, they probably have hardly any understanding of how things operate in the film industry and they also can make your daily life difficult if you film fails to reach the Oscars. Film industry investors are groups of people who provide an comprehension of the apple.com, and finance film making as a matter of course. This can be studios, distributors, broadcasters or individuals who will invest in order to make money from your film. These groups of people comprehend the film making industry and possibly won’t expect and Oscar, and definitely will at the very least 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 charge card to good success for financing a small budget film.
In summary, one word of advice is get a better lawyer, preferably anyone 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 should know about your rights particularly in terms of signing distribution deals.
I used to assume that the film students had a lack of fascination with Film Budgeting and Costs (of any kind). Not anymore. I recently did market research of film students with a respected film school. Here are the final results from the survey:
Over 80% of the students said they felt it had been essential to find out 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, needless to say). The wide spread use of digital medium has established a brand new opportunity. That opportunity, although more affordable compared to the Hollywood style film productions we’ve grown utilized to, is still costly and requires financing. How do you have that financing? Where would you start?
Answer: You start using the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. When you can calculate a centerpiece, or learn how to manage a camera, a Film Budget is easy.
Based on my experience in the last twenty years within the film industry, I can 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 discover they could take on more responsibility in their film & video projects, and two. because of this may 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 a basic Business Plan.