You have the next great screenplay. Now what? Among the first steps is securing financing…no easy feat, regardless of how big or small of a budget you need.
But there are creative ways you can make it happen, as demonstrated below…
1. Make it short
Whiplash is a notable example of how a big budget, feature-length film secured the financing it required.
The three-time Oscar winning film began as an 18-minute short, which premiered at the 2013 Sundance Film Festival, attracting investors and allowing writer and director Damien Chazelle to produce the $3-million movie using the full script.
2. Crowd funding
Popular campaign platforms such as Indigogo and Kickstarter are often the go-to source for filmmakers, including Zach Braff (Wish I Was Here) and Rob Thomas whose campaign raised over $5-million to produce the Veronica Mars film.
3. Leverage star power
High-profile stars can secure backing for a passion project by agreeing to appear in studio priorities that are guaranteed to be blockbusters. George Clooney, for example, has said he agreed to do Oceans 12 in return for support in producing Syriana. Another form is by using a popular individual from a different industry like sports or music.
While these are a few general strategies to fund films, the process is heavily involved and takes a combination of funding methods to secure the required budget. Can you think of creative ways to help fund a project? Are you a filmmaker who has raised funds creatively? Have you supported a film financially? Tweet us @ClutchPR