Many filmmakers will tell you that the first film they ever made was at home, it didn’t cost them anything, apart from the price of the film as well as a camera that 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 easy 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 dependent upon the film making budget. Most of the time though, when the film is in the low budget variety, as well as the idea is different, you must not have a lot of difficulty financing it.
That being said however, finding finance for a film is usually as tasking as actually making the film. You are going to need a business plan to begin with, so even before you approach someone to fund your film making efforts, obtain your business strategy together. The organization plan should include a film making budget breakdown, who the intended audience is, cashflow 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 typically speaking those who would like to see their name up in lights. You might offer them a credit like “executive producer”, to get them keen on the idea, and you will even have a rich relative, say Uncle Bob whom you could approach. The draw-back of the is the fact that, they probably have almost no knowledge of how things work in the film industry plus they could make your life difficult in the event you film does not reach the Oscars. Film industry investors are groups of individuals who come with an comprehension of the kjammedia, and finance film making in course. This can be studios, distributors, broadcasters or people who will invest to make money through the film. These sets of people understand the film making industry and possibly won’t expect and Oscar, and definitely will at the very least desire a return of investment.
Non-film industry investors include banks, rich members of the family, raising funds, and surprisingly your bank card! Many confident filmmakers have tried their charge card to good success for financing a low budget film.
In conclusion, one word of advice is obtain a good lawyer, preferably somebody who has a little expertise in the film making industry, that can look after your interests. Film making funding is quite a complex process and you need to know concerning your rights particularly when it comes to signing distribution deals.
I utilized to think that the film students had a lack of interest in Film Budgeting and Costs (of any type). Not anymore. Not long ago i did market research of film students in a respected film school. Here are the final results of the survey:
Over 80% from the students said they felt it was vital that you know more about budgeting and exactly how it affected their careers as filmmakers. Film & Video production is one of the biggest industries in THE WORLD (alongside ljlscd manufacturing, obviously). The wide spread utilization of digital medium has created a brand new opportunity. That opportunity, although cheaper compared to the Hollywood style film productions we’ve grown used to, remains costly and needs financing. How do you get that financing? Where would you start?
Answer: You start using the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. Whenever you can calculate a centerpiece, or learn how to manage a video camera, a Film Budget is a piece of cake.
Based on my experience within the last two decades in the film industry, I will confidently say: 1. Graduates from Film Study programs who know the basics of film & video production money (Budgeting, Cost Reporting and Business Plans) will discover they can take on more responsibility in their film & video projects, and 2. as a result may have more lucrative 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 an easy Business Strategy.