An essential but inexpensive piece of kit to get steady, professional shots. If so, how will you achieve this? You also need to “get a release form signed from anyone appearing in the video” – that goes for lead actors, supporting actors and every single background extra – “or they could complain to your client, which may cost them further expense and damage your reputation”. Sutherland says that “most people who are starting up a video production company tend to be people who are both shooting and editing”. These days, most video production companies are shooting in 4K resolution or Ultra HD – 4096 x 2160 pixels. We use cookies to collect information about how you use GOV.UK. This will allow you to “develop a package in a format”, and “you’re able to say to the client, £200 is half day of pre-production, £200 for filming, cameraman, director, all equipment, plus travel – and editing is going to cost you two and a half days at £400 a day, so that’s £1,000 plus music”. . Some people get help from a professional, for example an accountant, but you can set up a company yourself. Gavin Anstey, a video producer, says: "The first step to starting your own production company is a desire to start a company. Not too many people can say that. Starting a theatre company should come from a desire to put on work that you may think is lacking in your specific context. The first thing you will always be judged on is your work and, if your work is brilliant, your company name will become known. Our guide on starting a film production company covers all the essential information to help you decide if this business is a good match for you. Neale also advises hiring someone to keep your accounts in check: “Most creative types don’t want to be burdened with numbers and receipts so budget for a good bookkeeper as early as possible.”. Filling these roles will be essential to making sure that your company has a positive and prosperous future. One challenge is pricing your videos – “it’s a fine art and each video is completely unique”, Neale explains. Of course, at the start, you might be doing this all on your own. Fledgling Theatre (who are Christopher Neels, Callum Cameron and Patrick Holt in the UK, and have an Australian arm headed up by Chris Huntley-Turner) have been creating their own work as a company since its founding members left the Royal Central School of Speech and Drama. For any more information on setting up a business in different industries, We use cookies to offer you a better browsing experience, analyse site traffic, personalise content and serve targeted advertisements. Creating a company based solely on Shakespeare in an environment that already has three professional Shakespeare companies could be a little tricky. If you do intend to buy your own equipment then these are the essentials: The cornerstone of your operation and worth investing some time and money in. Therefore, it is best to start off with some legal advice from a specialised business solicitor or a knowledgeable accountant. After all that business talk it’s time to have some fun: it’s time to christen … Learn about the day-to-day activities of a film production company owner, the typical target market, growth potential, startup costs, legal considerations, and more! Online video content is everywhere. However, with a business model as intense as a production company’s, . Which roles will you fill with members of staff and which will you hire freelancers for on a temporary basis? One of the most important things to bear in mind is that trying to do too much, all at once, is a bad idea. Choose a company name. Each platform has its own intrinsic limitations and turning them to your advantage will turn heads in your direction”. He advises developing client relationships and “the only way to do that is to create content and get in touch with people”. If this is the case, you might want to look into offering internships or apprenticeships, as these will really help you with the workload and you can begin to gradually build your team at a low cost. Sutherland advises looking around to see what other people are offering but warns that you shouldn’t “be tempted to gravitate towards the bottom, because someone will always be prepared to undercut you”. Purchase the equipment you will need for your media production company. It’s also vitally important to work on a detailed business plan. Embarking on a filmmaking career without a clear distribution strategy is a terribly … Henry has been writing for Startups.co.uk since 2015, covering everything from business finance and web builders to tax and red tape. “And people specialise in certain things”, he continues, “You might just do animation or very niche things like time lapse or graduation videos”. Then look carefully at online distribution options that will widen your reach even further. You’ll need to be … If you become known as the company that does excellent conference coverage, or excellent YouTube ads, then you will develop a reputation and will always be in demand. Choose the type of company You need to choose which type of company you want to be. Launching an entertainment production company means your day job is the rest of the world's fun. It's also an industry heavy with regulatory burdens, many of which you must learn inside out before you even start the first pot boiling or set the conveyor belt running. Start off with some basic, but high quality equipment, such as a digital video camera, sound recording equipment such as microphones, lighting equipment, and a digital SLR camera with a few basic lenses. Keep your overheads as light as possible – do you really need an office? Sutherland explains that you shouldn’t be “shy of making demands […] It’s part of the business […] If you’re clear with people in advance they like that”. Once you have built this reputation, then you can start thinking about increasing prices a bit. The third big expense will be the cost of equipment. Well, let’s take it one step at a time. This 1-day workshop with producer Tracey Gardiner is designed to provide a practical guide for anyone who has ever considered setting up and running their own independent production company.. Many people choose to specialise in one particular area such as camera operation, lighting or sound and will have a background or education in the medium. Independent movie production companies are production companies that operate without a studio or distribution contract or budget. That said, it’s useful to build lasting relationships with freelancers so you know you can use them again when the right project comes along. Often you come across people who wish to have their own business in the United Kingdom. Somebody in charge of choosing and assessing scripts, film, and advert ideas. Read about how we use cookies in our privacy and cookie policy. Therefore, it is best to start off with some legal advice from a specialised business solicitor or a knowledgeable accountant. 4,487 1,181 Have you any background in the business at … Henry has been writing for Startups.co.uk since 2015, covering everything from business finance and web builders to tax and red tape. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a … He adds though that you shouldn’t always just chase the big money projects, especially when starting out: “Sometimes the people who pay the least are the most interesting projects, for example in fashion and art when it’s the most creative scope but they have the least money. While there are traditional distribution pathways for conventional films, most production companies are also establishing their own distribution strategies to ensure that their work gets maximum exposure. The truth about starting a production company. 1 year since the GDPR, but what’s changed? So sometimes you need to stick to your guns, and if you feel like it’s not going to be worth it just politely say there’s nothing I can do because it’s stopping you from looking for other work”. You need to choose which type of company you want to be. Definitely don’t go into it for the money […] but if you have a passion for video production and a talent that clients can spot you can make a living from it”. Whilst you may not know this yet, take some time to research the market and perhaps even try making different kinds of videos to discover what you’re suited to. Film distribution. If you need a location filming permit many places will require a minimum of £2m public liability insurance. Check what a private limited company is. List of information about Starting a company. Show the quality you produce, make it absolutely clear that you are reliable, and make it reasonable. If you want to start your business the right way, you'll want to formally … The way I'm running it is by hiring freelance camera operators who have their own equipment and can be on call when I have work coming in, I feel this is the best way as it saves money than having someone full time. For example you could aim to become an expert in Vine videos or Instagram videos. To create your own strategy, look at how companies that are similar to your own achieve their best distribution. Where will you seek funding for your projects? This will vary from new writing, installations, video projects and performances of favorite plays (currently desperate to do A Streetcar Named Desire and The Caretaker). Visit our Complaints Policy page if you experience issues. The work you make is the most important thing: Never forget that. If so – don’t. The most important thing you need to realise is that success is not always immediate. Can't find the answer you're looking for? Even to the untrained eye, the difference between professional and amateur footage is startling – bad lighting, bad framing and most importantly bad audio are a death sentence. Before joining the team, he reviewed films for a culture website, and still harbours ambitions of being a screenwriter. This person needs to be extremely talented and creative — they’ll hold a strong vision for the company. Tell us whether you accept cookies. They are great tools and it’s easy to forget how just a few years ago that shallow depth of field look was what low budget filmmakers were dreaming of. Discussion in 'First Steps To Starting A Business' started by nadialebon, Mar 12, 2014. We’ve put together a guide on how you can do this, and what you need to think about along the way. So, think about hiring in the following areas: Somebody who is very technologically savvy, and can turn hours of raw video into minutes of fantastic content in the edit suite. NextShoot’s niche is high-end corporate video because they’re “quite skilled at interviewing people, and at getting good performances”. Find your perfect website builder with Startups, Get your business online and start making money today, Focus on producing videos that suit your creative strengths, If you want to stand out in a crowded marketplace, find a niche. These days, with software and hardware becoming ever more affordable, anyone can set themselves up as a video producer, but he warns that “having a camera and some software on your laptop doesn’t a production company make.”. Next, you should create a network of people who know how to produce quality videos. Sutherland says “You’re probably going to upgrade your camera once if not twice” in a three year period. We’ll send you a link to a feedback form. Sutherland agrees: “Most freelancers worth their salt will have their day rate and charge £200-£350 a day for their editing for example, and the camera man will charge you for his time and their kit – that’s normally open to negotiation based on a project”. However, trying too soon, with too little experience or insufficient resources, will lead to wasted resources and, ultimately, a failure to get ahead. Do some research into what different cameras can offer you – you could even rent a few different models before committing to buying one. Getting this right will be a huge step in the right direction. Savvy production companies have positioned themselves so that when a brand wants some video content to ‘go viral’, or for an advertising campaign, they go straight to the production company that has experience and has demonstrated success in this area. Help us improve GOV.UK. market research. Neale recommends budgeting for the cost of your workers early on: “Good freelancers don’t come cheap”. They seek finance and investment during the course of their work, and will often commission parts of the process, such as script writing, to outside specialists. Too much variety, on the other hand, and you won’t be anybody’s first choice for anything. Unlike other businesses, you’re selling a product before it’s completed so you need to come up with a system that charges the client for the service you’re providing but that takes into account that every project will be different. The advantage of the collaborative nature of video production is that you can run a perfectly successful business from your home or co-work space as a sole trader, by combining your experience with other sole-traders or utilising freelancers. Somebody in charge of ensuring that films are delivered on time, on budget, and of the highest quality. Starting a production company: Rules and regulations According to Neale, while there aren’t really any rules and regulations as such “You do need good insurance in place. This is the point people might begin to think it’s not worth starting a production company. It may well sound obvious, but when you're getting stuck into the complexity of whether to be a partnership or company limited by guarantee, it's useful to be reminded. Although it may sound a difficult proposition it may not be as difficult as it sounds. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a number of the site’s popular how to guides. Most freelancers will have a show reel you can judge their previous work by to decide whether they’re a suitable fit for the project you’re working on. But if you work on excelling in one area first, even if it’s not exactly glamorous, you’re on your way. Neale says that when you’re starting out “you can make do with LED panel lights from Amazon as they are cheap, portable and will light up a room. These people understand how to film a project, produce a project, edit a project, and make a client happy." Is it really that hard? We take a look at the people, businesses, and events that have shaped the last 20 years Meet PolicyMogul, the startup that wants to open up lobbying to SMEs Once you know what kind of projects you’ll be undertaking, you can decide what kind of equipment you’ll need. Sutherland explains that there are “more and more people coming into this space, and the entry point is lower and lower in terms of cost”. Starting a Film Production Company, UK. It’s a tough industry to break into, but it can be done. Most people employed in the industry will be aware that they may be required to work overtime, but make sure everyone knows of possible hours and expectations. When you start out you are so full of enthusiasm that you feel you can single-handedly take on the world. Funding is one of the biggest obstacles to new business. If you intend to outsource things like camera work and sound recording to freelancers then their daily rate will probably include the cost of renting their equipment. Neale agrees: “Making enough profit margin per video to keep the company afloat whilst remaining competitive is a constant challenge and with so many companies in the marketplace you have to be able to differentiate on more than just price.”, Get the latest Startup news and information. In the modern, digital age, however, the role of the production company is visibly changing. Do you really need to bring someone in?”. He continues: “You’ll probably charge something like £1,500” for a project, “and if you are getting 20 of those jobs a year, that would be a salary of £30,000 before tax […] at the bottom end […] after a couple of years, good filmmakers are able to earn around £30,000 – but you have to be good, you’ve got to develop relationships with people who give you regular work”. You generally assume it ’ s when you start out you are so of! Long way Built it, professional shots steady, professional shots ’ d like to know more your..., produce a project, and you won ’ starting a production company uk really any rules and regulations as “. Business will almost certainly involve taking on dedicated premises and at least one piece kit. Is, in many ways, the UK business landscape has changed considerably build up to this instead, you! Give you a link to a feedback form if setting up any business lot! Film and edit the raw footage into a finished product, let ’ s the way search... 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