4 Tips for Starting Your Own Film Company

by Lewis Robinson

Creating your own film company can be a dream come true. However, it can also be a lot of work and confusion. So, if you're thinking about embarking on this journey, here are four tips for starting your own film company.

1. Get Funding

One of the most essential things to do in this process is to get funding. Otherwise, no matter how good your ideas are, it's unlikely that you can create or distribute a film. After all, you'll need funds to, for instance, get a sound stage rental Los Angeles. First, reach out to people you have connections with. When you do, be sure to have a mission statement for your company. It would also be wise to provide the plans for your first movie. Once you've exhausted your connections, you'll then want to reach out to known movie producers. See if you can pique anyone's interest with your pitch. When your first movie is finished, you'll be able to do even more to get funding. You'll have tangible proof of your talents. Attend multiple film festivals and create private screenings. Hopefully, this exposure will inspire investors to work with you.

2. Find Creative Partners

Creative partners are essential in the movie industry. While you may be the main mind behind your company, it's doubtful that you'll be able to perform every major role. For one thing, you'll want a producer with experience in the field. This individual can be instrumental when it comes to distributing a film. Next, you'll want to get a script analyst. Without this person, you may be liable to choose unsuccessful scripts. Finally, you might want to find a director to collaborate with. Many new film companies partner with directors, especially ones that provide a successful first movie. For instance, New Line Cinema got its start with Wes Craven's Nightmare on Elm Street. 

Since then, Craven has created multiple films with the company. When getting any partner, it's essential to consider potential. Not everyone you meet with will have a stellar resume. However, you may find a newcomer that can grow with you.

3. Choose the Right Projects

Choosing the right projects isn't easy, especially if you're new to the industry. However, it's a vital part of creating a company. For New Line Cinema, Nightmare on Elm Street was the determining factor in its success. If the movie failed, the company would have been dissolved. Fortunately, Craven's directing managed to stand out from other slasher films of the time. So, you'll want to find a talented director with a creative vision. It's also important to thoroughly analyze the scripts you see. One thing to keep in mind is widespread appeal. While creating art shouldn't be limiting, it may be dangerous to select a polarizing movie. Choose something that, while unique, would appeal to a multitude of moviegoers. If you're unsure during the process, it's always wise to seek out help. 

4. Be Wise With Your Budget

The budget for your first movie can be harrowing to manage. For one thing, you don't want to risk spending too much. However, you also need to create a competent-looking film. Because of this, many new film companies spend most of the budget on equipment. This can allow even the lowest-funded films to look professional. If you decide to go this route, you'll need to be frugal with the rest of your movie. When it comes to hiring actors, it may be best to stick with unknowns. However, one established actor could be worth bringing in. It's also wise to consider your special effects. Unless you're making a highly grounded and low-scale film, you'll probably need to use special effects. Unfortunately, this isn't always cheap. While practical effects usually look better, computer-generated ones are cheaper to make. On the other hand, you could save money on the camera altogether. Found footage films such as The Blair Witch Project are filmed on basic cameras. This saves you money while providing an interesting element to your film.

Starting a film company is, certainly, a risky venture. However, it may provide a healthy dose of satisfaction. Keep your eye on the prize and enjoy creating your own movies.