Wednesday, February 2, 2022

Finance processing of a film

 Intro into Finance 

During the process of creating general films, film makers are faced with the task of acquiring funding for their film.  during this process film writers think about the ideas they will use to pitch to a posable funder of their project. 

Types of funding 

when it comes to the funding of a film, film makers have some options on who they would like to fund their film. Some film makers would want their films to be funded by one of the big six: the six major film production companies that control 90% of the media we consume. these companies are paramount pictures, universal, 20th century films, warner bros. pictures, Walt Disney, and Columbia pictures.  However, if you did not want to be funded by one of the major 6 you could sin to a independent film company. Independent companies have an advantage over the larger six as with a independent label you could advertise anything you would like unlike the big 6 where you have to follow certain guidelines. Examples of these companies are Summit entertainment, film 4 productions, icon productions, etc. The final way of getting a film financed is via mini majors: smaller labels owned by the big 6 these companies are DreamWorks, Lionsgate films, etc.  


What is Production and how does it work? 

Production is refers to the stages of creating a film. Production is a multi step process that includes 5 major steps.

Stage 1 Development: This is the first and most important step when it comes to production as it allows you to plan and create the concepts of your film. this includes: drafting a script, casting characters, film locations, costuming etc. this stage allows film creators to develop and brainstorm posable ideas to create into a film. 

Stage 2 Pre-Production: similar to the first step this part of film production allows film creators to come up with basic ideas; along with pitching the idea of the film to a film producer in this step, film creators are finalizing their ideas, locations for filming, actors, scripts, budget, etc. once finalized film creators pitch the idea to a producer label (the big 6) depending on the type of film a creator would go to different labels. For example if a creator wanting to pitch a family friendly film they would pitch the idea to Disney which, is more likely to produce the film. 

Stage 3  Production: this step is when things start to pick up the pace in the film creating process. In this step film creators are creating the film, using cameras and recording their film part by part. This is also where the ideas of film makers come to life and are reviewed for later steps.

Stage 4 Post-Production: After all the filming and hard work in the field this is when things start to calm down. in this stage movie film that has been shot goes on to be edited, in the editing process the film is taken shot by shot and then arranged with the use of editing techniques that match the flow of the film. 

Film distribution 

As the last step in the process of production this step entails the distribution of a film to generate reviews and profit for the film. This can be done in a plethora of ways one which includes the selling of merchandise related to said film, just like star wars fans buy lightsabers the same rule applies to all films: clothes, toys, games, posters, etc. are some more ways of how films do this to bring in large amounts of viewers to generate profit for their film. 


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