No matter the type of film that you are trying to produce, you are going to need money to create the film. There are many options for film finances, and each has their pros and cons. Before you can start looking for film finances, you need have a business plan, and make sure that your film is worth making. Once you have a strong business plan for your film, here are some of the most rewarding ways to get your film financed.
Crowdfunding is the newest type of independent film financing. There are many crowdfunding websites, with the two most popular being Kickstarter and IndieGoGo. Independent films are able to raise their whole costs from these websites. You can also offer donators special items for donating a specific amount of money. The problem with using crowdfunding for independent film financing is most sites will need to meet the goal amount before you are able to take any of the money.
Many students build their portfolio by working on projects that have a deferred agreement. Deferred agreements allow the film maker to avoid just about all the costs of a project until the film is completed and is making money. This can be hard to use since most actors and crew members will not work on projects with deferred agreements.
3. Film Finance Companies
Film finance companies can be hard to get money from since they know what sells and what doesn’t. So, if you are not making a film that they think is going to sell, you are going have a tough time getting financing. Many times, film finance companies work with agencies, which means that you can get contacts that you need. Since there is only so much money per year, you need to pick the film that you believe in and excite you.
With the rise of the internet, you really do not need any film financiers if you are willing to use your own money. While you do not need to answer to anyone, you also have to be more careful since you are dealing with your own money. Take your time, and make sure you stay on budget, or you may have problems.
Today, movies can cost over millions of dollars to make, or they can cost a few hundred. Even with the economy being the way that it is, there are still many options for independent film financing. Since more independent films are becoming huge hits and turning the tides in Hollywood, creating a great indie film is very important for most people who want to create movies. Take your time and make sure that your script and ideas are strong, as having a large budget does not always mean a great movie.