The top piece of advice Gibney offers to documentary filmmakers starting out is to “keep your overhead low, learn how to raise money and learn how to take care of money.” His advice concerns finance rather than creative filmmaking because “most people can learn how to make good artistic films by studying other films and practicing the craft over and over again. But you don’t get the chance to do that unless you figure out the other stuff.”
Financing a film can be an overwhelming task, and Gibney shares that he’s raised money in different ways: “sometimes a broadcaster comes in, or a group of broadcasters. Sometimes that’s complemented by investors, equity partners, sometimes grants come into play. You have to look at each film and coldly and rationally assess its capacity to be funded and who’s going to be interested in helping you fund it.”
His key piece of advice is target people and institutions who already have an established interested in your film’s subject, because it’s important to “think about who would be particularly interested to see your film and why they might be interested then in funding it.”
He also encourages documentary producers to be realistic, advising you to “have to look at the subject and be honest, and think well, is this a subject for which I could raise a lot of money or not? If not, maybe you find a more inexpensive way of producing the film.”