There are a million ways of gathering finance to make a movie. You may try each one of them, but in case you fail everywhere, never give up on your venture. You always have the last and the best resort, and that is you!
You can use your own finances to fund your movie. This is the most flexible ways of making a movie. As you are the producer of your own film, you have no issues to face that you would with a normal producer. You have no time restrains. You can take as much time as you wish to make your movie.
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The most important aspect of making a film is gathering a team. You can never make a good movie if you don’t have a team that is dedicated and in sync with you. Hence, you need the best people in every single department while making a movie.
However, if you are facing a shortage of funds, you can make a movie on a deferral basis. In other words, you can make a movie by paying for all the expenses later. This is similar to taking a loan from the bank, the only difference being that here to borrow people, skills and the equipment. For you to carry ahead with this, you need to convince your team for cooperating with you. It is very difficult to convince the team because there is no surety of income. There have been many movies where the team has not been paid even after the movie coming out as a success. However, you can convince the team by giving them an incentive of getting a share of profits. After the movie releases and earn well, you can not only pay everyone their salaries, but also give them a handsome share from the profits earned. This would technically increase their overall pay and they may agree to work with you on this incentive. Cinema is one of the riskiest businesses anyone can ever do. It is as good as gambling. You add a huge sum of money into making a movie without being sure of what you’re going to get. If the movie does well, it would make more money and hence, you would earn more. If the movie doesn’t do well, you lose money. This makes the investors hesitate while investing money in a movie. If they have to invest large sums, they would rather choose a stable and sure channel, such as real estate investment, bonds etc.
Can you imagine “The Godfather” without its classic signature tune?
Music is rightly referred to as the ‘food for the soul.’ It is supposed to have the power to change an individual’s mood, be it for the better or worse! The use of music in cinema has been extremely instrumental. It enhances the viewing experience by increasing the emotional value of a scene. There are several movies which lose their essence without music. There are also various movies in which music is used to tell a story and thus, drive the entire movies. Movies like Le Misérables, The Great Gatsby, Taxi Driver and many more would be impossible to have been made without the use of music. Marketers and brand managers are crazy behind increasing the reach of their products and improve the brand image. If they find an opportunity to get a wider reach of target market, they would spend as much as they can to grab it. There are several mediums where a product can be marketed on a huge scale. Out of these, product placements in movies are probably the most expensive.
The number of films produced in the country has been rising steadily. There are more and more people wanting to spend their money to go and watch a movie of their choice. There is also a substantial increase in the number of movie-going audiences. The amount of money put into making a movie has also increased over time. This has turned cinema into a full-fledged business.
These days, cinema is one of the most important sources of income on a national basis. In majority of the countries, a huge chunk of the national income is generated from cinema. For countries with heavy tourism like Spain, Italy and Rome, cinema is also a means to boost tourism. People all over the world see their movies and are often so baffled by the locations that they end up making a trip visiting these countries. Hence, there are several ways in which cinema has been helping the Government of various counties. In return, their Governments have also initiated a lot of incentives for makers to produce new movies.
Since the inception of cinema in the world, there has been one method of funding that has stayed the same even after decades. This is the traditional studio system. There were wealthy businessmen that opened studios to provide money to the teams wanting to make movies.
Initially, there was a monopoly by the five most famous studios, namely Warner Brothers, MGM, 20th Century Fox, RKO Pictures and Paramount Pictures. These were called the ‘Big Five’ in the filmmaking industry. They dominated the market in such a way that every aspiring film director would only approach one of these five studios for making a film. It was a strong oligopoly and no other production house dared to break it. The legacy has been so strong that four out of five studios still function successfully! |
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