Many filmmakers will tell you that the first film they ever made was in the home, it didn’t cost them anything, other than the expense of the film along with 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 easy to find books and information 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. Generally speaking though, in the event the film is in the low budget variety, as well as the idea is exclusive, you should not have too much 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 to begin with, so just before you approach one to fund your film making efforts, obtain your business strategy together. The business plan should have a film making budget breakdown, who the intended audience is, cash flow 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 love to see their name up in lights. You might offer them a credit including “executive producer”, to get them keen on the idea, and you will also have a rich relative, say Uncle Bob who you could approach. The draw-back of the is the fact, they probably have almost no knowledge of how things operate in the film industry plus they might make your lifestyle difficult should you film fails to get to the Oscars. Film industry investors are groups of individuals who come with an knowledge of the apple, 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 sets of people comprehend the film making industry and probably won’t expect and Oscar, and definitely will at the minimum desire a return on their investment.
Non-film industry investors include banks, rich members of the family, raising funds, and surprisingly your charge card! Many confident filmmakers have tried their credit card to good success for financing a low budget film.
In conclusion, one word of advice is get a good lawyer, preferably somebody who has a bit expertise in the film making industry, that can look after your interests. Film making funding is quite a complex process and you must know about your rights particularly when it comes to signing distribution deals.
I utilized to believe that the film students had an absence of fascination with Film Budgeting and expenses (of any type). Not any longer. Not long ago i did a survey of film students with a respected film school. Here are the outcomes in the survey:
Over 80% in the students said they felt it absolutely was essential to know more about budgeting and exactly how it affected their careers as filmmakers. Film & Video production is probably the biggest industries on the planet (alongside ljlscd manufacturing, needless to say). The wide spread utilization of digital medium has established a brand new opportunity. That opportunity, although cheaper compared to Hollywood style film productions we’ve grown used to, remains costly and requires financing. How do you get that financing? Where would you start?
Answer: You begin with the basics of Film Budgeting, Cost Reporting and very simple Business Plans. If you can calculate a centerpiece, or figure out how to operate a video camera, a Film Budget is easy.
According to my experience within the last two decades inside the film industry, I can 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 could take on more responsibility in their film & video projects, and 2. consequently could have more productive careers than their peers who haven’t learned to make Film Budgets, who don’t understand any production’s Cost Report and who never saw a basic Business Plan.