Many filmmakers will show you the first film they ever produced was at home, it didn’t cost them anything, other than the expense of the film along with 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 simple to find books and information on basic film making techniques, just not so simple to find financing for film making.
It has become 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, if the film is of the low budget variety, and the idea is different, you should not have excessive difficulty financing it.
That being said however, finding finance to get a film is usually as tasking as actually making the film. You are likely to need a business plan to start with, so just before you approach anyone 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, cashflow 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 can offer them a credit such as “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 of the is that, they probably have almost no knowledge of how things work in the film industry plus they might make your daily life difficult in the event you film will not make it to the Oscars. Film industry investors are groups of individuals who provide an understanding of the apple, and finance film making as a matter of course. These could be studios, distributors, broadcasters or individuals who will invest in order to make money from your film. These sets of people be aware of the film making industry and probably won’t expect and Oscar, but 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 minimal budget film.
To conclude, one word of advice is get a better lawyer, preferably someone who has a bit knowledge of the film making industry, who are able to take care of your interests. Film making funding is a reasonably complex process and you need to know about your rights particularly when it comes to signing distribution deals.
I used to believe that the film students had an absence of interest in Film Budgeting and expenses (of any sort). Not any longer. Not long ago i did market research of film students with a respected film school. Listed here are the results in the survey:
Over 80% of the students said they felt it absolutely was essential to learn more about budgeting and how it affected their careers as filmmakers. Film & Video production is probably the biggest industries in THE WORLD (close to ljlscd manufacturing, obviously). The wide spread use of digital medium has created a whole new opportunity. That opportunity, although cheaper than the Hollywood style film productions we’ve grown utilized to, is still costly and requires financing. How will you get that financing? Where can 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 run a video camera, a Film Budget is simple.
Based on my experience in the last two decades inside the film industry, I will 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 take on more responsibility in their film & video projects, and 2. as a result could 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 an easy Business Plan.