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Friday, November 2, 2012

Why Film Producers Don't Get Movie Financing

There are lots of great reasons to keep your film production low budget. Primary among them is the fact that you just aren't going to find funding. There are more movies than funding available. It's not likely you will be the one to lands the millions.

The mere act of getting funding is a different skill than filmmaking and one you might not like. It's easy for me to hammer away at you about not designing the film to need financing, but there are great reasons why you won't get financing even if you wanted it.

Script Changes

People with money always think they know more than you. They will read your script and they will love it, but soon their true feelings will come out. As soon as they mention their interest in financing the picture they will also present a list of changes that need to be made to the script. Most of these changes won't make the movie better, it'll just make it different and maybe worse. If you care about making a remarkable film, you won't let people cajole you into ruining the good parts so you can get money for things you probably don't really need.

Need Stars

These people who want to finance your film are not doing it to help you out. They finance films with the hope of making more money than they invested. It's a gamble, but one that can pay off big if it's done right. These people are not filmmakers, so they will only know a few ways to help make this film better. They know they've heard stars help movies make money, so they will want a star. You don't know any stars, nor do your friends. Even if you did, this star would likely demand changes on par with what the financiers come up with. You don't want to ruin your film just to have a big name in it.

Need Better Crew

Thus far you have likely gathered a group of loyal people that comprise your filmmaking team. You have a director, writer, director of photography, sound person, and maybe more. Once financiers smell money they will want more established craftsmen to work on the project. The director you've been molding this project with may not be seen as a valid candidate by the money folks. They want a name, somebody that has made a movie that made money already. They may also want your crew to have worked on lots of movies already and not just be up and coming people you've nurtured til now.

No Track Record

You're the driving force behind this movie but you haven't made as many as other producers the financiers know. They might bring on another producer to "help" out and next thing you know it is no longer your picture any longer. They may not have the faith that you can negotiate with a studio for a favorable distribution deal, they doubt you can get mainstream media to pay attention to the movie. You are an unknown quantity and for them to give you money they will want to have as much insurance as possible, which may include replacing you.

They Want The Next Big Thing

Financiers want money, but they don't just want a little. They want as much as possible. They are hoping you will not only turn this movie into the next Hollywood hit, but that you will become a Hollywood filmmaker gravy train they can ride for a long while. They are thinking in terms of building a business off of your taste and organizational skills, and they won't want it to be a mom and pop shop. They don't look at film as an artistic outlet where you can get by making films you believe in but not necessarily make tons of money. They see it as a glamorous way to make money and that is the only reason they will lend you theirs.

They Have No Money

As much as I say money people are into making money in a sexy industry, lots of them don't actually have money and just want the glitz. Hucksters abound in the movie industry and you might have one telling you he can make your dreams come true. Often these people use you as entree to meeting others and use the allure of movies to date women or generally get people to envy them. It takes no credentials to be a producer so be aware that anyone can offer you the sky, but they will rarely be able to come through.

The process of film financing is time-consuming. Some movies take years to find the money only to have it fall through at the last minute and have to start over. If this sounds like how you want to spend your time go ahead. If you want to make movies, design them so they don't need financing in the first place.
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