Film business plan helps the entrepreneur to understand, to visualize, to plan and to identify risks even before making any investments in the business. Preparing a business plan involves detailed research so that all the aspects of the given business is evaluated and appropriate decisions are made. India is the leading film industry in the world with more than 2.2 billion movie tickets sold in 2016. It is the largest movie producer in the world producing thousands of movies every year. Indian market is huge and the film industry can cover all the age group people. The budget for a film changes from few lakhs to hundreds of crore rupees. Major expenses will be on payroll and salaries. Other expenses are general and administrative expenses, marketing expenses, professional fees, licence, insurance, travel and vehicle cost, rent and utilities, assets and inventories and working capital.
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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a Film business plan are given below:
People involved in the business are the owners, artists, director, editors, technicians, associates, bookkeeper, managers, tax staff, administrative staff, customer service staff, facilities management staffs, accounting staffs, sales and marketing staffs.
The core processes will be purchasing scripts and producing the films for distribution. Managing all the required capital to develop the films and developing proper distribution and advertisement channels, managing to acquire licences for the intellectual property, developing strategic relationships with distributors and publishers are the other major processes involved. A proper marketing campaign will result in better profitability.
There are lot of equipment, software, technologies and supportive systems involved in production and post-production of movies.
Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:
Motion Picture Association of America Los Angels,USA
Indian Film & TV Producers Council1201, Lotus Trade Centre,
Near D. N. Nagar Metro Station, Opposite Star Bazar,
New Link Road, Andheri (W),
Mumbai 400 053
British Film CommissionThe Arts Building,
London N4 3JG,
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