Many filmmakers will explain that the first film they ever made was at home, it didn’t cost them anything, apart from the cost of the film and a video camera they were already in possession of. Even Steven Spielberg shot his first film utilizing a Super 8mm camera. Oh, and incidentally 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 mission to find finance for young or upcoming filmmakers, and ultimately everything is determined by the film making budget. Most of the time though, when the film is in the low budget variety, as well as the idea is exclusive, you should not have excessive difficulty financing it.
That being said however, finding finance for a film is often as tasking as actually making the film. You are likely to need a business plan first of all, so even before you approach one to fund your film making efforts, obtain your business strategy together. The business plan should contain a film making budget breakdown, who the intended audience is, income projection, marketing plan, synopsis, biographies and what potential for sales the film with have.
Investors to approach include both film and non-film industry investors. Non-film industry investors are typically speaking individuals who want to see their name up in lights. You can offer them a credit including “executive producer”, to obtain them keen on the idea, and you might even have a rich relative, say Uncle Bob the person you could approach. The draw-back with this is the fact, they probably have very little comprehension of how things work in the film industry and they could make your daily life difficult if you film does not get to the Oscars. Film industry investors are groups of people that provide an knowledge of the apple.com, and finance film making as a matter of course. This can be studios, distributors, broadcasters or people who will invest to help make money through the film. These teams of people comprehend the film making industry and probably won’t expect and Oscar, and can at the very least desire a return of investment.
Non-film industry investors include banks, rich loved ones, raising funds, and truth be told your charge card! Many confident filmmakers have used their credit card to good success for financing a low budget film.
In summary, one word of advice is get a good lawyer, preferably someone who has just a little knowledge of the film making industry, who can look after your interests. Film making funding is quite a complex process and you should know about your rights particularly when it comes to signing distribution deals.
I used to think that the film students had a lack of fascination with Film Budgeting and Costs (of any kind). Not any longer. Recently i did market research of film students with a respected film school. Here are the final results from the survey:
Over 80% of 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 one of the biggest industries on the planet (close to ljlscd manufacturing, obviously). The wide spread usage of digital medium has created a brand new opportunity. That opportunity, although cheaper compared to the Hollywood style film productions we’ve grown employed to, continues to be costly and needs financing. How do you obtain that financing? Where would you start?
Answer: You begin using the basics of Film Budgeting, Cost Reporting and extremely simple Business Plans. When you can calculate a focal point, or discover ways to operate a camera, a Film Funds are simple.
According to my experience in the last two decades within 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 discover they could undertake more responsibility in their film & video projects, and 2. consequently 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 a basic Strategic Business Plan.