To thrive as a film business you must create and market popular films that will make a profit, this means that they will cost less money to produce than the money they receive through cinema ticket sales, DVD sales and memorabilia sales. Making a profit is an important part of success in the film industry but you must also become respected and recognised by audiences and other film companies, there are many issues and patterns that must be considered to help a film business thrive. Many of these issues occur in the production process for example getting funding and choosing the appropriate cast.
The production process plays a huge part in creating a successful film institution, without producing films you cannot be a film institution. Once your producer has created and developed an idea he must then begin to search for funding to pay for the film to be produced. This can often be difficult as most producers look for 3-10 investors as a fewer number of investors will give the produce less control and if one of his investors were to pull out the producer would lose a huge chunk of his budget and this may put a halt to film production. This is the case with Warp films, as they are an independent film company unlike Working Title and can often struggle to find investment, and for this reason produce low budget films for example This Is England had a budget of £1.5 million as very small budget compared to Working Titles £8million budget for Hot Fuzz. However Hot Fuzz’s budget looks miniscule when compared to Hollywood films such as Avatar’s budget of $237million. This is the main difference between British films and Hollywood films.
In the production process the producer acts as an entrepreneur, they develop the idea, search for funding and choose their director and cast. This is another issue as choosing the wrong director and cast could cause the film to flop, and using big name directors such as Steven Spielberg and James Cameron combined with high profile actors could increase the popularity of a film greatly. Yet in the case of Warp films their budget does not allow them to use either big name actors or directors, they must search for young acting/directing talent which will not be over expensive. However once they have discovered this talent they may use them several times to increase their reputation.
When producing a film it is of great importance to plan each stage of the filming process, the producer must make a detailed plan of what will be filmed when and how long it will take. Many producers decide to film the most difficult scenes first so that they can get them out of the way and proceed with filming the rest of the film. It is important to plan in detail so that the film will be released on time, this is especially the case in Hollywood because many of the films are marketed to build up suspense and excitement about the release date and if the film was not released on time it could lose a lot of this excitement and cost the company money.
In Hollywood the marketing of a film is seen to be the most important part of the production process. Hollywood films cost such vast amounts of money that for the producers of the film it is even more important that the films are popular and produce a large amount of revenue. For Hollywood films marketing plays a huge part, they see the film industry as a global marketplace and focus of creating excitement and building the popularity of a film, by doing this they often create far more revenue than British film Institutions. In contrast British film companies tend focus on securing the funding to produce the film rather than securing a profit from the film. Hollywood take a more business like view to their films whereas British films institutions focus on the achievement of actually producing the film.
In conclusion there are many patterns and issues that film institutions much overcome in order to produce films and become a successful film institution, and it is clear that Hollywood takes a different approach, they are much more profit driven and business like in their production on films. Whereas British films do not, although they do still make brilliant and entertaining films they make much less profit and produce a much smaller amount of films, making them seem much less successful and leading to the downfall and lack of production of British films.