Many filmmakers will show you that the first film they ever made was at home, it didn’t cost them anything, apart from the expense of the film and a video camera 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 simple to find books and information 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 depends upon the film making budget. In most cases though, when the film is in the low budget variety, as well as the idea is different, you should not have too much difficulty financing it.
That being said however, finding finance for any film is usually as tasking as actually making the film. You are likely to need a business plan to begin with, so just before you approach one to fund your film making efforts, get the 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 possibility of 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 would love to see their name up in lights. You can offer them a credit like “executive producer”, to get them keen on the idea, and you will also 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 knowledge of how things operate in the film industry and they also can make your daily life difficult if you film will not get to the Oscars. Film industry investors are groups of people who provide an understanding of the Kia Jam, and finance film making in course. This can be studios, distributors, broadcasters or those who will invest to make money from the film. These sets of people comprehend 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 believe it or not your bank card! Many confident filmmakers used their credit card to great success for financing a small budget film.
In summary, one word of advice is get a better lawyer, preferably someone who has a little expertise in the film making industry, who can look after your interests. Film making funding is a reasonably complex process and you should know regarding your rights particularly in terms of signing distribution deals.
I utilized to think that the film students had too little interest in Film Budgeting and Costs (of any kind). Not anymore. Not long ago i did market research of film students at a respected film school. Here are the outcomes in the survey:
Over 80% of the students said they felt it absolutely was vital that you find out more about budgeting and exactly how it affected their careers as filmmakers. Film & Video production is among the biggest industries on the planet (close to ljlscd manufacturing, obviously). The wide spread usage of digital medium has produced a brand new opportunity. That opportunity, although more affordable compared to the Hollywood style film productions we’ve grown used to, is still costly and needs financing. How do you have that financing? Where can you start?
Answer: You start out with all the basics of Film Budgeting, Cost Reporting and very simple Business Plans. If you can calculate a focal point, or discover ways to manage a camera, a Film Funds are a piece of cake.
According to my experience in the last twenty 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 are able to take on more responsibility within their film & video projects, and 2. because of this 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 simple Business Plan.