Many filmmakers will tell you that the first film they ever made was in the home, it didn’t cost them anything, besides the price of the film and a video camera that they were already in possession of. Even Steven Spielberg shot his first film utilizing a Super 8mm camera. Oh, and anyway it was a film of his train set crashing! Typical! It is really readily available books and knowledge on basic film making techniques, just not so simple to find financing for film making.
It is now an almost scary pursuit to find finance for young or upcoming filmmakers, and ultimately everything depends upon the film making budget. In most cases though, in the event the film is from 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 to get a film is frequently as tasking as actually making the film. You are likely to need a business plan to start with, so even before you approach someone to fund your film making efforts, get the 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 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 those who want to see their name up in lights. You could offer them a credit like “executive producer”, to have them keen on the idea, and you will also have a rich relative, say Uncle Bob who you could approach. The draw-back with this is the fact that, they probably have almost no understanding of how things work in the film industry and they also can make your lifestyle 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. These could be studios, distributors, broadcasters or people who will invest to help make money through the film. These teams of people be aware of the film making industry and in all likelihood won’t expect and Oscar, and definitely will at a minimum desire a return of investment.
Non-film industry investors include banks, rich loved ones, raising funds, and believe it or not your credit card! Many confident filmmakers have tried their credit card to good success for financing a small budget film.
To conclude, one word of advice is obtain a good lawyer, preferably anyone who has just a little knowledge of the film making industry, who are able to look after your interests. Film making funding is quite a complex process and you should know about your rights particularly with regards to signing distribution deals.
I utilized to think that the film students had an absence of fascination with Film Budgeting and Costs (of any type). Not any longer. Recently i did a survey of film students in a respected film school. Listed below are the results in the survey:
Over 80% from the students said they felt it had been important to know more about budgeting and just how it affected their careers as filmmakers. Film & Video production is among the biggest industries on earth (next to ljlscd manufacturing, of course). The wide spread usage of digital medium has produced a new opportunity. That opportunity, although less expensive compared to the Hollywood style film productions we’ve grown utilized to, continues to be costly and needs financing. How will you obtain that financing? Where would you start?
Answer: You start with all the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. Whenever you can calculate a center point, or figure out how to operate a camera, a Film Funds are easy.
Based upon my experience over the past twenty years inside 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 can handle more responsibility within their film & video projects, and two. because of this may have more lucrative 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 Strategic Business Plan.