Many filmmakers will tell you that the first film they ever made was at home, it didn’t cost them anything, besides the price of the film as well as a video camera they were already in possession of. Even Steven Spielberg shot his first film using a Super 8mm camera. Oh, and by the way it was a film of his train set crashing! Typical! It is really readily available books and information on basic film making techniques, just not so simple to find financing for film making.
It is now a nearly scary pursuit to find finance for young or upcoming filmmakers, and ultimately everything is dependent upon the film making budget. Most of the time though, in the event the film is of the low budget variety, and also the idea is different, you must not have a lot of difficulty financing it.
That being said however, finding finance for any film is frequently as tasking as actually making the film. You are going to need a business plan to start with, so even before you approach one to fund your film making efforts, get the strategic business plan together. The company plan should have a film making budget breakdown, who the intended audience is, cash flow 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 usually speaking individuals who want to see their name up in lights. You could offer them a credit including “executive producer”, to obtain them keen on the idea, and you will even have a rich relative, say Uncle Bob who you could approach. The draw-back with this is the fact that, they probably have very little understanding of how things operate in the film industry and they also could make your daily life difficult if you film fails to make it to the Oscars. Film industry investors are groups of people who have an knowledge of the apple.com, and finance film making in course. This can be studios, distributors, broadcasters or those who will invest in order to make money from your film. These teams of people comprehend the film making industry and probably won’t expect and Oscar, but will at the very least desire a return on their investment.
Non-film industry investors include banks, rich members of the family, raising funds, and truth be told your bank card! Many confident filmmakers have tried their credit card to great success for financing a low budget film.
In summary, one word of advice is get a good lawyer, preferably somebody who has a bit expertise in the film making industry, who are able to care for 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 utilized to believe that the film students had too little interest in Film Budgeting and Costs (of any sort). Not any longer. Recently i did a survey of film students with a respected film school. Here are the results in the survey:
Over 80% from the students said they felt it was essential to find out more about budgeting and how it affected their careers as filmmakers. Film & Video production is among the biggest industries on earth (next to ljlscd manufacturing, needless to say). The wide spread usage of digital medium has established a brand new opportunity. That opportunity, although cheaper than the Hollywood style film productions we’ve grown utilized to, is still costly and requires financing. How can you have that financing? Where can you start?
Answer: You start with all the basics of Film Budgeting, Cost Reporting and very simple Business Plans. Whenever you can calculate a center point, or figure out how to operate a video camera, a Film Budget is a piece of cake.
Based on my experience in the last 20 years inside the film industry, I can confidently say: 1. Graduates from Film Study programs who understand the basics of film & video production money (Budgeting, Cost Reporting and Business Plans) will find they can handle more responsibility inside their film & video projects, and two. as a result may 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 Strategic Business Plan.