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Here are the ingredients for starting a successful film production house :ġ. Now that you know the three types of film production companies, are you ready to roll? A popular example of this type of company is The Walt Disney Company. Typically, an animated film is made under an Animation Company banner. Type#3, Animation And SFX Companies, involved in green screen, animation, and special effects of a film.
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These companies are involved in video editing, special effects, color correction, sound mixing and editing. Type#2, Post-Production Companies, responsible for all the editing in the film that paves way to present the finished product on screen. They build a whole team of on-screen and off-screen talent, writers, musicians, location scouts, etc. Type #1, Feature Film Production Companies, involved in pre-production, post-production, legal and a lot more. There are three types of production houses basis on the level of their creative involvement. ĭepending on the varying levels of creative involvement, a production house gets a label. So, before we get rolling, let’s first understand the different types of film production companies or film production houses. Like every other startup, starting your own film production house requires meticulous planning. What you know makes you a professional.Alternate title: Here’s how you can kickstart your own film production company! You'll find yourself unable to handle larger more lucrative projects because you don't have the knowledge and skills required. If you're serious about having a thriving business, arm yourself with the skills, knowledge and experience to charge fees are competitive in the market. Hobbyists make videos for fun and that's fine, but they are not professionals. Now anyone can claim a filmmaker and think they can do projects for $300! Those are hobbyists. Cheap cameras have reached a pretty good level of quality and the technology is available to everyone. Perry: We are evolving into a YouTube world. Surround yourself with people who understand what you do and develop a thick skin. If the IRS comes after you, you'll need that information to cover your back. Keep good records and take stock of what your business has done. When courting investors, you can show them potential income streams attached to the project. Think of all the money George Lucas made off toys, lunchboxes, and games. Don't ignore potential sources of income when it comes to your films. Stay on top of your game concerning the technical side because that's how you make your money. Videomaker: Do you employ friends or family? If so, what are the advantages?ĭuBose: Be aware you are starting a business. But you have to use your head and squeeze yourself into a niche as not to compete on their level. Now the big players are involved in digital so again it's a fight to get in. Whenever a new technology breaks open, you have a very short window before the big guys get in. We hear "digital levels the playing field" and that was true… a while ago.
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Professional filmmaking involves a small network of people who bring people in on their projects. Referrals come from your company's reputation as one that gets stuff done.ĭuBose: It's tough for independent producers because everything is stacked against you. All clients care about is, can you deliver what they need? It's about having the knowledge, experience and technical expertise so when someone asks, "can you do this?" I can say "yes." Most companies, including my own thrive on referrals. Perry: I went from zero to where I am today being ready to take on projects. Knowing what type of structure suits your company is a major factor in running it. Business tax structures run from Sole-Proprietorship to C Corporation. The type of tax structure will determine financial and legal protections your company will have in the event of litigation. Once you have basic information about the process of starting a business, decide on a business tax structure.
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There are also books like The Complete Idiot's Guide to Starting Your Own Business and The Independent Video Producer: Establishing a Profitable Video Business. Magazines and websites can provide specific information concerning business and industry trends related to your company. Other sources of information are business and industry periodicals. They don't do research or write business plans, but they'll give you the guidelines for what's needed. The SBA can walk you through the process of starting your production company.