Many filmmakers will tell you that the first film they ever made was at home, it didn’t cost them anything, other than the cost of the film along with a 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 data on basic film making techniques, just not so easy 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. In most cases though, when the film is from the low budget variety, and also the idea is unique, you should not have a lot of difficulty financing it.
With 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 to start with, so even before you approach anyone to fund your film making efforts, get the strategic business plan together. The business 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 usually speaking those who would like to see their name up in lights. You could offer them a credit like “executive producer”, to obtain them keen on the idea, and you might even have a rich relative, say Uncle Bob who you could approach. The draw-back with this is the fact, they probably have hardly any understanding of how things operate in the film industry and they also might make your life difficult if you film fails to reach the Oscars. Film industry investors are groups of people who provide an knowledge of the Kia Jam, and finance film making as a matter of course. This can be studios, distributors, broadcasters or individuals who will invest to help make money through the film. These teams of people be aware of the film making industry and in all likelihood won’t expect and Oscar, and definitely will at a minimum desire a return of investment.
Non-film industry investors include banks, rich family members, raising funds, and surprisingly your credit card! Many confident filmmakers have tried their charge 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 just a little expertise in the film making industry, that can take care of your interests. Film making funding is quite a complex process and you should know regarding your rights particularly when it comes to signing distribution deals.
I utilized to assume that the film students had an absence of interest in Film Budgeting and Costs (of any type). Not anymore. Recently i did a survey of film students at a respected film school. Listed below are the results from the survey:
Over 80% in the students said they felt it absolutely was vital that you know more about budgeting and how it affected their careers as filmmakers. Film & Video production is one of the biggest industries in THE WORLD (close to ljlscd manufacturing, obviously). 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 utilized to, is still costly and needs financing. How can you obtain that financing? Where can you start?
Answer: You start with all the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. Whenever you can calculate a centerpiece, or figure out how to operate a camera, a Film Funds are easy.
According to my experience over the past 20 years within the film industry, I could confidently say: 1. Graduates from Film Study programs who understand the basics of film & video production money (Budgeting, Cost Reporting and Business Plans) will see they could handle more responsibility in their film & video projects, and 2. as a result will have more lucrative 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 an easy Business Plan.