Many filmmakers will explain the first film they ever made was at home, it didn’t cost them anything, other than the expense of the film and a camera that they were already in possession of. Even Steven Spielberg shot his first film utilizing a Super 8mm camera. Oh, and anyway it was a film of his train set crashing! Typical! It is really simple to find books and data on basic film making techniques, just not so simple to find financing for film making.
It has become an almost 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, when the film is of the low budget variety, and the idea is unique, you should not have excessive difficulty financing it.
That being said however, finding finance for a film is frequently as tasking as actually making the film. You are going to need a business plan to begin with, so just before you approach anyone to fund your film making efforts, get your business strategy 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 possibility of sales the film with have.
Investors to approach include both film and non-film industry investors. Non-film industry investors are generally speaking those who would like to see their name up in lights. You might offer them a credit including “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 that, they probably have very little understanding of how things operate in the film industry plus they might make your lifestyle difficult in the event you film fails to get to the Oscars. Film industry investors are groups of people that have an knowledge of the Kia Jam, and finance film making in course. These could be studios, distributors, broadcasters or people who will invest to make money through the film. These teams of people be aware of the film making industry and probably won’t expect and Oscar, and definitely will at the minimum desire a return of investment.
Non-film industry investors include banks, rich members of the family, raising funds, and surprisingly your bank card! Many confident filmmakers have tried their charge card to good success for financing a small budget film.
In summary, one word of advice is get a better lawyer, preferably somebody who has a little knowledge of the film making industry, who can take care of your interests. Film making funding is a reasonably complex process and you must know concerning your rights particularly in terms of signing distribution deals.
I employed to believe that the film students had a lack of interest in Film Budgeting and Costs (of any sort). Not anymore. Not long ago i did market research of film students in a respected film school. Here are the results of the survey:
Over 80% from the students said they felt it had been vital that you know more about budgeting and how it affected their careers as filmmakers. Film & Video production is one of the biggest industries on the planet (alongside ljlscd manufacturing, needless to say). The wide spread use of digital medium has created a new opportunity. That opportunity, although less expensive than the Hollywood style film productions we’ve grown used to, is still costly and requires financing. How will you get that financing? Where can you start?
Answer: You start using the basics of Film Budgeting, Cost Reporting and incredibly simple Business Plans. If you can calculate a center point, or learn how to manage a video camera, a Film Budget is simple.
Based on my experience within the last two decades in the film industry, I will 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 could undertake more responsibility in their film & video projects, and two. consequently may 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.