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Thanks for the response! I wasn't aware of that. However, the question is more about the posters and not the laurels. I can add them eventually if I win anything. I've editing the post to reflect this. Thanks again!
When I was designing poster for my first short film, I was pretty much in the same position. I spent almost 5 hours to learn some Photoshop basics. Then I designed my poster using Photoshop. I live in LA and graphic designers charge around $40/hour. I went to them at the last stage just to fine tune it. My poster was very simple. To do some complicated poster work, of course you need more than 5 hours to learn Photoshop. If you are taking to graphic designers, make sure you have some idea about how you want the poster to look. As I said, they charge per hour and it can easily get expensive.
Just a side note, learning Photoshop basics helped me on other things too.
Also, even if you don't win at the festival, you can put 'Official selection' laurel at the poster. That laurel template is available online.
I'm a big believer in www.canva.com. I use it for a lot of the graphics and album covers that I need for my music library site when hiring a graphic designer isn't feasible.
And a BIG plus is that they have a very good selection of templates including movie poster templates. So, it's kind of like a stripped down photoshop with an included stock photo library and a bunch of templates.