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 price of the film along with a video camera that they were already in possession of. Even Steven Spielberg shot his first film using a Super 8mm camera. Oh, and incidentally it was a film of his train set crashing! Typical! It is really readily available books and data on basic film making techniques, just not so simple to find financing for film making.
It is a virtually scary mission to find finance for young or upcoming filmmakers, and ultimately everything is determined by the film making budget. Generally speaking though, when the film is in the low budget variety, as well as the idea is exclusive, you should not have too much difficulty financing it.
With that being said however, finding finance for 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 one to fund your film making efforts, get your strategic business plan together. The organization plan should include 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 typically speaking people who would like to see their name up in lights. You might offer them a credit such as “executive producer”, to have them keen on the idea, and you might also have a rich relative, say Uncle Bob who you could approach. The draw-back with this is the fact, they probably have hardly any comprehension of how things operate in the film industry plus they could make your lifestyle difficult if you film will not make it to the Oscars. Film industry investors are groups of people that provide an understanding of the apple.com, and finance film making in course. This can 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 possibly won’t expect and Oscar, and can at the very least desire a return of investment.
Non-film industry investors include banks, rich members of the family, raising funds, and believe it or not your bank card! Many confident filmmakers have tried their credit card to great success for financing a small budget film.
In conclusion, one word of advice is obtain a good lawyer, preferably someone who has a bit expertise in the film making industry, who are able to take care of your interests. Film making funding is quite a complex process and you need to know regarding your rights particularly when it comes to signing distribution deals.
I employed to believe that the film students had too little desire for Film Budgeting and expenses (of any sort). Not any longer. Not long ago i did market research of film students at 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 just how it affected their careers as filmmakers. Film & Video production is probably the biggest industries on the planet (close to ljlscd manufacturing, of course). The wide spread utilization of digital medium has created a new opportunity. That opportunity, although more affordable than the Hollywood style film productions we’ve grown used to, continues to be costly and needs financing. How do you have that financing? Where would you start?
Answer: You start out 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 manage a camera, a Film Budget is easy.
Based on my experience in 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 see they could undertake more responsibility in their film & video projects, and 2. because of this will 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 Strategic Business Plan.