As such, they can receive up to 5% of the production budget. Film budget breakdown accounts and sub-accounts encompass these four categories: ATL (ABOVE-THE-LINE) This category includes development costs, talent, and crew generally involved in development phase. Useful but do you have any templates for animation? There are so many elements to consider when calculating your film's production budget. On larger sets hire a professional catering service. The bulk of your expenses will occur during the 'production' phase It's worth noting that many projects don't follow these proportions. This includes fuel if crew members make long trips back and forth during production. You will need to reimburse make-up artists for the cost of any specialist make-up (such as fake blood). Top 14 Mood Board Apps of 2020 [with FREE Moodboard Templates], What are Dailies in Film? The cost of costume will once again depend on the genre of the film. For low budgets and student films, you will be able to get away with more, especially if you have a small crew. What is Shutter Speed and Its Role in the Exposure Triangle? At the very least you need to be honest with your crew on what they should expect in terms of working hours and breaks. If your script totals 150 background actor days on your script breakdown and your background actors are paid $100/day, multiply 150 by $100 for a line-item total of $15,000. You may also need to hire out an office space for your post-production team. In short, the more experienced the producer the more they will charge. However, if you are an independent filmmaker you don’t want to get caught out later on in the filmmaking process. The expectations of your film will help determine what type of budget you are looking for. Even on a low-budget contemporary film, you will need a make-up artist for applying basic cover-up and for keeping the actor's continuity in check. Production Design - depending on your shoot type you may need to book extra time during pre-production for the visuals in your film to be sourced and gathered. - Firstly you need to pay your screenwriter. A good budget reflects, and must serve, the fundraising process. Whatever your job role and desired budget, this following guide will go through all of the areas of budgeting that you need to examine from pre-production to distribution. Get your FREE copy of the eBook called "astonishingly detailed and useful" by Filmmaker Magazine! Editors are paid union rates, they may also have own desired daily working rates. If using fake guns and weapons in a public space you will need to inform the local police before you shoot. It’s likely there will be several re-drafts of your budget during the making of your film. Who Needs Them and Why. Seek in advance what permission you need for filming in each location. I think it is fundamental that we embrace other models, like Nollywood and South Korea. The Finance Plan of a Film — A Breakdown. Typically, the distribution costs of a film are not included in the budget breakdown. And how much time are you willing to spend acquiring that funding? Feature films with budgets between $1 million and $75 million qualify for 20%. If you are clueless on how to determine a shooting schedule you could always hire a line producer to help you. On low-budget films, you can ask actors to bring their own clothes, but it would be ideal to have copies for lead roles. – How many heads are you feeding? Some questions you need to consider are - How are you hoping to fund your film? It is critical that the budget is in alignment with your schedule and script. VFX, Budget your VFX and then you won’t have a movie you can’t budget! “Living In Oblivion” follows a director’s attempts at making a film, having to deal with narcotic actors, script changes, and nothing going quite right. How would I value that? But budgeting software can be expensive and for many projects, it makes sense to use a free template like the one we're going to provide here: All you need in addition to the template? It’s just a matter of transforming the code of your script breakdown sheet into your film budget template. If you are low-budget, you can still ask producers with experience on shooting with budget restrictions for advice. Most actors will be getting paid by the recommended union rates in their country (typically SAG in the USA). In the lead-up to purely.capital’s launch, we’re working together on a few articles to shine a light on the financial side of independent film. Script breakdown software can give you the information you need, but at the end of the day, you still have to weigh each element accordingly to your individual production needs. As with most production tips, there is no simple, quick formula for stunts and effects. SWIT's New Pocket Battery is Light Enough for Drones and Gimbals, Yet Still Packs Punch, How Quarantine Actually Helped Us Get a Theatrical Release, How to Nail Your Festival Premiere in the Time of COVID, You're Going to Have to Pay More to Watch 'The Office' Past Season 2, 100 different ways to get your film funded. This guide is here to show you the important elements that you need to consider when estimating your film's budget. For instance, perhaps you are hoping to make a micro-budget collab with friends, or maybe you are aiming to attract stars and cinema distribution. The editing process will likely take several months even for a low-budget - you will have to discuss the turn over with your editor to have a more clear idea of how long this process will take. – You will need to pay for any transport costs of cast and crew. Movie budgeting contains the key information that you must have for your production. If using fake guns and weapons in a public space you will need to inform the local police before you shoot. Low and micro-budget films may shoot eight or more pages per day. Producer – The producer can be the highest paid crew member, they are typically the first person to get hired and the last to leave a project. The budget. Assistants – Depending on the scale of your production assistant editors and other post-production personnel such as visual effects editors and colorists may be needed. A script breakdown sheet doesn't always account for this. Don’t forget all SAG hires, like the stunt team and studio teacher. If the sequence requires many effects or very complex blocking or movement, quadruple the page length in each scene breakdown. Your email address will not be published. Production Design – Set design is often overlooked on indies but can make all the difference on screen. Based on your shoots pages per day, calculate how many days each cast member will be needed. Gaining the rights to well-known songs and music is expensive. "The Blair Witch Project" is famous for being shot on only $25,000. Check out our list of film crew positions, and our corresponding infographic. Are there any notable props in your film that need to be created or bought. As a composer, would like know more about how music gets budgeted. The bulk of your budget (unless you are shooting a CGI heavy film), will go towards the production costs. Whilst hiring your crew consider if additional prep time is needed for each role during pre-production. If actor “X” is being paid $1000/day, has a total of 12 script pages on your script breakdown, and your shoot is planned for 4 pages per day, the line item for this actor would be: 12 pages / 4 pages per day = 3 days * $1000/day * 2x correction factor = $6000. The cast salaries in this budget are non … Locations – Obtaining and gaining permission for locations can be expensive. This brings us back to the last section, you need to decide what type of film you are hoping to make, and what type of filming experience you want to have. During the early stages of pre-production, your budget breakdown is an estimate, you can re-draft later with the help of your crew and production staff. Now you have a basic layout of how many days you will be shooting, how many actors will be needed, and what crew you are going to hire. Their films and music have won numerous festival awards and have been featured by such outlets as TIME, USAToday, SPIN, Curve, Starburst, Famous Monsters, Sci-Fi, and Fangoria. Director – Your director is the creative force and vision behind your film. Typically screenwriters get 2% of the film's production budget, their payment will need to be negotiated before you start work on the film. Check your scene breakdowns for stunts and special effects, marked in your script breakdown software’s colors of choice. On larger sets hire a professional catering service. As you can imagine, independent film budgets are somewhat harder to pin down. For example, a low budget film can hold it’s production department in a crew member's house. Making money in film costs money and you can find a great film budget example of a $1 million independent feature film on Stephen Follows blog. They will do this by using software such as Movie Magic Budgeting, StudioBinder, Celtx or Gorilla Budgeting. Welcome to FilmBudget.com. About how much money would that be saving? But on independent films, the director might execute this task. If you’re working on Marley and Me, animal costs would play a greater role in your film budget estimate than say Speed Racer, where vehicle costs matter more. On larger film sets all expenses will be covered, on low-budgets, you will need to discuss fuel expenses with crew before production. Unless you are on public-owned land you will need to seek permission. It is also the first step towards creating an initial film schedule. The size of your budget will determine how big a crew you can afford to have. – Film equipment is expensive as such make sure you get the proper insurance needed to cover you if anything breaks. You might also wish to book your actors in for a few extra days of promotion. Ideally, you will want to hire your editor in advance even during the pre-production stage. For low budgets hire locally to avoid these additional expenses. Here are some articles pointing out some of the more common problems you’ll … In the case of commissioned films, the full budget might be guaranteed upfront. A Film Budget Breakdown (also called a Detailed Budget) is the financial blueprint for your project. Very useful tips although please check the pro tips for copy and paste from previous points! A typical film production day is 12 hours long, for overtime you will need to pay additional wages. Once you’ve broken down your script, look at each cast member's featured scenes, and bundle them together. And If Am New In Film Industry Where Can I Get The Money For Budgeting? Investors require a real film budget to finance. On top of that 12 hours you budget for, factor in about 10% contingency in case you go over that. What Scripts Landed on the 2020 Black List? A contemporary drama will cost less in production design than a sci-fi. Master the art of visual storytelling with our FREE video series on directing and filmmaking techniques. A good rule of thumb is to budget your shooting days to go at least 12 hours, no matter what, especially on independent films. This makes the budgeting process (and everything else!) © 2020 NONETWORK, LLC. You are missing half the cost of making movies. That’s great, perhaps you are a producer or maybe an independent filmmaker. I suggest budgeting for these production elements early on in your process. For larger budgets hire a PR team, major festivals recommended that even smaller productions hire a sales agent. Of course, we don’t know everything and if there are any areas you wish to expand upon, or tips for budgeting you wish to share, please do so in the comments section. The cost of costume will once again depend on the genre of the film. Gaining the rights to well-known songs and music is expensive. Not to mention that the schedule of a film with a budget will look a lot different from that of a DIY venture. 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