Now a days ,all we hear is how terribly the independent filmmakers are facing challenges. No segment of the media industry has gone through so many changes since the Millennium as the film industry is facing. Technology and film production has changed drastically, film distribution has also changed. On top of that, rapid currency fluctuations have played havoc with film producers cash flow forecasts. In this time of change, the industry is facing a wide range of challenges as it steadies the course into the era of streaming wars.
While filmmaking is an art, it is also a serious business. Making money is serious business. Funding is a real challenge faced by most aspiring filmmakers. Most of them put their own money to start the movie. Maintaining a steady cash flow throughout the making of the film is a challenge as well. When you are making a low-budget movie, getting insurance is also a challenge. It is a risk that you take if you don’t get one. Anything can go wrong on the sets from people getting hurt to things getting damaged. Managing finances is a big challenge for filmmakers. Ideally, your film budget should be able to stand the scrutiny of investors seeking cost-effective production, as well as a reasonable rate of return.
