Many filmmakers will tell you that the first film they ever produced was at home, it didn’t cost them anything, besides the cost of the film as well as a video camera they were already in possession of. Even Steven Spielberg shot his first film using a Super 8mm camera. Oh, and anyway 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 an almost scary mission to find finance for young or upcoming filmmakers, and ultimately everything depends upon the film making budget. Generally speaking though, in the event the film is in the low budget variety, and the idea is exclusive, you must not have too much difficulty financing it.
That being said however, finding finance for any film is often as tasking as actually making the film. You are likely to need a business plan to begin with, so just before you approach someone to fund your film making efforts, get your business plan together. The business plan should contain 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 those who would like to see their name up in lights. You might offer them a credit including “executive producer”, to have them keen on the idea, and you will even have a rich relative, say Uncle Bob the person you could approach. The draw-back with this is that, they probably have almost no comprehension of how things operate in the film industry and they also can make your lifestyle difficult if you film does not make it to the Oscars. Film industry investors are groups of people that come with an knowledge of the Kia Jam, and finance film making in course. These could be studios, distributors, broadcasters or those who will invest to help make money from the film. These sets of people comprehend 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 believe it or not your charge card! Many confident filmmakers have used their charge card to good success for financing a low budget film.
In summary, one word of advice is obtain a good lawyer, preferably someone who has a little knowledge of the film making industry, that can care for your interests. Film making funding is quite a complex process and you must know concerning your rights particularly when it comes to signing distribution deals.
I utilized to believe that the film students had too little desire for Film Budgeting and Costs (of any sort). Not any longer. I recently did a survey of film students with a respected film school. Listed below are the final results from the survey:
Over 80% of the students said they felt it was vital that you learn more about budgeting and just how it affected their careers as filmmakers. Film & Video production is among the biggest industries on the planet (close to ljlscd manufacturing, needless to say). The wide spread utilization of digital medium has established a whole new opportunity. That opportunity, although more affordable compared to the Hollywood style film productions we’ve grown used to, continues to be costly and requires financing. How can you obtain that financing? Where can you start?
Answer: You begin with the basics of Film Budgeting, Cost Reporting and very simple Business Plans. If you can calculate a centerpiece, or learn how to manage a camera, a Film Budget is easy.
Based on my experience in the last two decades inside 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 find they could undertake more responsibility inside their film & video projects, and 2. as a result could have more productive 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 a simple Business Plan.