Secure financial resources for film or television productions
Overview
This
Standard covers the procedures behind securing funding for the production.
It
is necessary to identify which funding sources are realistically available to
you and/or the production company. These could include sponsorship, product or
prop placement, crowd funding, tax breaks, national or regional financial
incentives or co-production treaties.
You
will need to know how to budget a production, and be aware that an initial
budget may have cuts enforced upon it.
Financial
resources could be for development funding and/or funding for some or all of
the production depending on the circumstances and constraints in place.
This
Standard is for those involved in securing production financing.
Performance criteria
You must be able to:
evaluate
all available evidence to ensure projected costings are accuratebase
decisions about securing financial resources on available financial
information and production requirementsconsult
experts at appropriate times to verify production detailsuse
reliable sources of information to research and identify possible investors and
relevant forms of funding for productionsidentify
valid tax breaks and financial incentives which may be available to the
production companycollaborate
with potential co-production companies at appropriate times to secure funding
from outside the UKspecify
criteria and procedures to be followed for contingency purposes in accordance
with organisational requirementscheck
that all necessary documentation relating to planned productions is presented
in line with organisational requirementsmake a
case for funding that promotes understanding and highlights clear advantages to
investorsidentify
areas of budgets which can be negotiated or relinquished in order to secure
fundingcheck
that any funding proposals meet planned objectives, targets and are in line
with specific broadcaster tariffsnegotiate
financial arrangements and production rights to ensure the best deal for productions
and the production companyhold
and maintain records on all contracts and agreements in line with
organisational requirementsapproach
distributors and sales agents for expertise on market and audience viability at
the earliest opportunityinclude valid information about market and audience viability in finance
packages
Knowledge and Understanding
You need to know and understand: