Sources of finance
Finance: sources of finance
Public and private film funding video notes…
Private -
Made up of businesses owned by the people
Includes malls, grocery stores, etc
Businesses must earn our money for a profit
Better services
More efficient
Market driven
There can be a lot of competition which can influence the prices and quality of the products
Public -
Uses tax to fund itself
We pay for the programmes
Government decides what the money should be spent on
Higher costs
Poor services
Poor customer service
If they don’t make money, they’ll go out of business
Focused on the general purpose and providing services for the citizens
Politics can have a huge impact on the pubic sector
Public sector is accountable to the public they produce a lot of paperwork to justify their actions
Safe services and goods
Mainly monopoly
Public vs private sector:
Pubic and private sectors both have their similarities, however, they also have many differences. The private sector is made entirely out of businesses owned by the people. This can include places like large shopping centres. In the private sector, companies also have to earn our money in order to gain a profit. However, in the public sector, the government uses taxes to fund itself. They decide when and where the money should be spent. Unlike the private sector, the public sector has higher costs and poorer services. Within the private sector, more money can be spent on services which makes them significantly better than the public sector services. Also in the private sector, there is often quite a bit of competition which can influence the price and quality of products being sold. The public sector need the money to continuously be flowing into tee companies otherwise they'll end up going out of business. They are mainly focused on the general purpose of providing the necessary services for a community as well as making sure they are at a decent standard. The public sector is also mainly monopoly. Politics have a huge impact on it and means that the public sector produce a lot of paper work to justify their actions.
Notes about the funding bodies list:
- which are charitable or not-for-profit organisations?
- Which are publicly owned companies that are publicly funded?
- Which are publicly owned companies that are commercially funded?
- Which organisations provide funding for feature films?
- Which organisations provide funding for first features and emerging filmmakers?
- Which provide funding for low budget filmmaking?
- Which specialise in crowd funding?
| Film companies | charity/non-profit | Publicly owned & publicly funded | Publicly owned & commercial funded | Funding feature films | Funding new filmmakers and first films | Low budget | Crowd funding |
| BFI | Yes | yes | yes | / | / | / | / |
| Creative england | Yes | / | / | Yes | yes | yes | / |
| Creative europe | / | / | yes | yes | yes | / | / |
| Creative scotland | / | / | yes | yes | yes | / | / |
| Ffilm Cymru | / | Yes | / | Yes | / | / | / |
| Film London | / | / | / | Yes | / | Yes | / |
| Northern Ireland screen | / | / | Yes | Yes | / | / | / |
| BBC Films | / | Yes | / | Yes | / | / | / |
| Channel 4 | / | / | yes | yes | yes | Yes | / |
| CTBF | Yes | Yes | / | / | / | / | / |
| IFeatures | / | Yes | / | / | Yes | Yes | / |
| Indiegogo | / | yes | yes | Yes | / | / | Yes |
| Kickstarter | Yes | / | / | Yes | Yes | / | |
| Scottish documentary institute | Yes | / | / | yes | Yes | / | / |
| Wellcome Trust | Yes | / | / | Yes | / | / | / |
What kind of organisation is the BFI?
The BFI is a film and charitable organisation which promotes and preserves filmmaking and television in the United Kingdom.
The BFI has three sources of income. What are they?
government grant in aid, national lottery funds and what the BFI earn.
Summarise the role and aims of the BFI film fund...
Presents the greatest international public programme of world cinema for audiences – in cinemas, at festivals and online.
What are the BFI film fund's key priorities?
talent progression, impact, risk and perspective.
What is the BFI network and what does it do?
they help writers and directors who are yet to produce a feature film.
What kind of funding does the BFI film network provide access to?
further help towards producing there feature film.
Explore the ifeatures site and make notes on how they support new film companies...
they support the film companies by getting general feedback from elsewhere to gain more experience that they can then pass on to the who ask for their help in the film industry.
who is it run by?
it's run by creative England with the support of the BFI.
how is creative England funded?
they use enterprise schemes to get small amounts of funding to sole-traders and growing businesses.
who are ingenious?
a large film/producing company who have been part of the production of films like life of pi, etc.
what does ingenious do?
they assist filmmakers with feature films and help during the whole production process.
how much has ingenious invested in the film sector?
around £8 billion
list of productions they are involved in...
life of pi
avatar
carol
Brooklyn
on chesil beach
adrift
blinded by the light
who are gold crest and what does the company do?
Goldcrest Films is an independent British distribution, production, post production, and finance company. Operating from London and New York, Goldcrest is a privately owned integrated filmed entertainment company.
find out the sources of funding for the following features...
- we need to talk about Kevin -
- wathering heights -
- kill list -
- '71 -
- lilting -
- I Daniel Blake -
- American honey -
- lady Macbeth -
- peterloo -
- In fabric -
| Film | Funded by |
| We need to talk about Kevin | BBC Films UK Film Council Footprint Investments LLP Caemham Partnership LLP Lipsync Productions |
| Wathering Heights - original film | Samuel Goldwyn Productions |
| Watering Heights - new | Indie Gogo |
| Kill List | Warp X Rook Films Film 4 Productions UK Film Council Screen Yorkshire |
| 71 | BFI Film 4 Creative Scotland Screen Yorkshire |
| Lilting | Film London |
| I Daniel Blake | Sixteen Films BFI Why Not Productions Wild bunch BBC Films |
| American Honey | BFI Film 4 Productions MenDown Pictures Mavern Pictures Parts and Laboratory Pulse Films |
| Peterloo | Film 4 Productions BFI Thin Man Films |
| Lady McBeth | BBC Films BFI Creative England I Features Protagonist Pictures Sixty Six Pictures |
| In Fabric | BFI BBC Films Head Gear Films |
how did funding for loving Vincent begin?
A project with Kickstarter funding that then moved to teaming. up with the British Welchman producer of the Oscar-winning animated short.
evaluate question...
as a new/emerging filmmaker do you think you are more likely to get funding that comes from a private source, funding that comes from a public source or. combination of both?
I think as a new filmmaker, you are more likely to get funding from both public and private sectors. Private sectors would fund you because if you're a new filmmaker, you could possibly attract the attention of some producers who are in the private sector as that is run by the companies. They are also good as they have such better services so as a new filmmaker, you'd most likely lean more towards that. However, you could probably get funding from the public sector as well because she people might not want to invest loas on a new filmmaker with little experience. Some new filmmakers just want a starting platform so they will lean towards the public sector as it's more realistic. They have a lower standard for their services and are funded by tax through the government.
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