The Pre-Production Film Budget Template assists directors, producers, and managers to decide the pre-production film budgeting to make the filming process easy and to avoid extra expenditure. AJ Unitas is a Baltimore native turned Los Angeles wanderer. W hen it comes to the glitz and glamour of the movie biz, most people don’t mention film production budget planning–try saying that three times fast.. Film budgeting, of course, is one of the most crucial aspects of the film process. A visual medium requires visual methods. Film budgeting refers to the process by which a line producer, unit production manager, or production accountant prepares a budget for a film production.This document, which could be over 130 pages long, is used to secure financing for and lead to pre-production and production of the film. The same can be said of sample budget templates, as there are indeed ways to streamline the entire process of planning a film budget. Directors of Photography, Production Designers, etc. The indie film world saw reduced film budget levels to avail themselves to international distribution models. The second film budget occurs once financing is secured. Each film budgets is unique. We’ve marked this on our production budget template. Movie Production Budget Domestic Gross Worldwide Gross; 1: Apr 23, 2019: Avengers: Endgame: $400,000,000: $858,373,000: $2,797,800,564: 2: May 20, 2011: Pirates of the Caribbean: On Stranger Tides: $379,000,000: $241,063,875: $1,045,663,875: 3: Apr 22, 2015: Avengers: Age of Ultron: $365,000,000: $459,005,868: $1,396,099,202: 4: Dec 16, 2015: Star Wars Ep. The preliminary film budget is created to raise financing and it isn’t generally detailed or extended. Great Music For Filmmakers: https://artlist.io/artlist-70446/?artlist_aid=IDC_1162&utm_source=affiliate_p&utm_medium=IDC_1162&utm_campaign=IDC_1162 (Get … Your film budget template will vastly look different for each. Great question… I have to ask this question and answer it regularly. You can always find a solid place to re-allocate it, if unused. Board & Budget Prep: Any preparation in creating the budget and schedule of the film. Currently in the UK, many people will regard £150,000 ($245,000) as the cutoff for a film to be classed as micro-budget film. However, in the “Under £500k” range we can see that the 2013 average is just £150k. Pirates of the Caribbean: On Stranger Tides officially holds the record with a budget of $378.5 million, while The Hobbit trilogy stands as the most expensive back-to-back film production with combined costs of $623 million after tax credits. This is just a starting point. Making a documentary, short film or feature film budget? Burnouts/Globals/Carbons: Material used by electricians on the set. Even the post production section was accurate! For example, it’s better to use a feature film budget samples for a feature film than for a music video project. Every take of Charlie's Spider Song from It's Always Sunny. Beyond the project type, the genre or specifics of the project also affect the accounts especially in the production and post categories. Our film budget spreadsheet follows the standard feature of film structure. If you'd like to contact him, please don't! Just as a film budget usually has 4 Sections (you can have more if you want! The longer shoots have more pick-up days budgeted. This chart shows the budget of every film in our database, where we have it. If the AD doesn’t need the additional day, another department will. Big surprise. Always pad the numbers to account for the unexpected. The data we have is, to the best of our knowledge, accurate but there are gaps and disputed figures. Low Budget Film Budget Template for PDF How To Shoot A Film At 3 Different Budget Levels. Some common reasons are: There are many film budget softwares available, Movie Magic Budgeting is the standard for film and TV. Master the art of visual storytelling with our FREE video series on directing and filmmaking techniques. While a film production budget template can help organize your pre-production, sometimes you need film budget software. Below the line covers the cinematography and technical crew. The low budget film budget template for PDF allows users or filmmakers to convert their estimates and end results into the PDF format easily. All pre-production and production costs, equipment and BTL (below-the-line) labor are accounted for in this category. That way you’re covered! With the exception of Error and Omissions, it’s a good idea to include all of the above in your budget. The film budget is the foundation of a film, you need to know exactly how you going to spend money so that you can make a profit. Due to the secretive nature of Hollywood accounting it is not clear which film is the most expensive film ever made. Assign the contingency amount first, before working out the budget. Medium Budget. Our movie profit and loss records, based on this budget information, can be found here. Each film budgets is unique. Anyone vaguely thinking of a career as a producer needs to know how to make a film budget. Prep days are the days outside of shooting when your crew is working in order to be ready to shoot. Filmmakers, directors, cinematographers, editors, vfx gurus, composers, sound people, grips, electrics … In the world of film budgets, Loss and damage (L&D) covers equipment that is lost, stolen or damaged. Based on your budget you will be able to determine which guild or union contracts will likely be applicable. We created a free cash flow spreadsheet that can track your finances mid-production. Writers, producers, the director and talent are included in this category. thanks for the information but if you are getting helped by some body’s production and he asked you to provide budget templates and you don’t know how to do it what can I do? Film budget software like Movie Magic Budgeting can organize your costs, but it can’t give you real world experience. But there are also some memo… The final chart is of particular interest. Some positions and departments will bring owned gear with them to work and charge the production a kit fee for the use of their personal gear. A horror film will need a higher make-up budget than say an animated kid’s flick. The more ‘actual’ production budgets you can study, the better. Be sure to include production insurance and any other generation costs for the production office. Pick-up days occur after the scheduled shoot days in order to shoot something that was missed during principal photography. Spin-off call sheets when you're done. This allows the information to be read with ease later and on a permanent basis. With this in mind, I grouped the films into six budget ranges and calculated the inflation-adjusted average budgets. This suggests that further segmentation is needed at this lower level to reveal more (sadly that data is not ye… The Budget Top Sheet is a 1-2 page summary of the Detailed Budget that includes every major line item from Development to Deliverables, giving you and your financiers a snapshot of the total cost of producing your film. How to Secure Film Locations (FREE Location Release Form), The Ultimate Pre Production Checklist for Film & Video [FREE Checklist]. Using A Film Budget Top Sheet Service for your Production. Film budget software like Movie Magic Budgeting can organize your costs, but it can’t give you real world experience. We’re here to help. Our flexible, free production budget template eliminates the migraines of trying to create a one-size-fits-all budget. Always include an allowance for OT in your budget even if you think you won’t need it. When providing the budget breakdowns to department keys or crew, do not disclose the full number. Import scripts and reorder scenes to make a schedule. For example, a short-form project will benefit from even 1 pick-up day with a skeleton crew. Boom Operator: A member of the sound crew who operates the boom microphone. Sample film budgets 13. "Download StudioBinder's (excel-friendly) film budget template calculates all your film budget needs.". A 10% contingency is a solid amount for any project, especially if you have padded other categories and accounted for loss and damage (L&D) in a few departments. Before we dive into the first steps of how to create a production budget and start populating a film budget breakdown, let’s jump right into the basics of film budgeting. It’s always better to budget for a kit fee and not use it than the reverse - which adds up fast. ), it usually has 3 levels, which I will explain. It’s more than likely that your keys will spend more, and crew will work more than budgeted. And with a workers comp policy attached, the crew is also covered in the case of any injuries. Like snowflakes, no two film budgets are alike. The level of detail in the film budget that QuickFilmBudget.com made for me based on my inputs was astounding. Author LB Posted on September 30, 2020 September 27, 2020 Categories Indie Film & Video, Resources Tags Film production on various budget levels - must-read for new filmmakers, Larry Brody, online TV writing workshop, screenwriting, television writing, TV CAREER TIPS, TVWriter.Com, TVWriter™, writing tips Post navigation All pre-production and travel for these positions are also accounted for in this part of the film production budget. As thorough as your film budget breakdown is, you can’t account for reality. While a pre-production film budget is only an estimate, some investors expect production costs to match very closely to the final price. If you have a plan B and C, you won’t need it. You’re on a union project and need to handle fringes, caps, and penalties. Your first reaction to the word "budget" is probably a bad one. Best Spaghetti Western Movies of All-Time (Ranked), Arri Alexa Mini — The Camera of Choice for Hollywood DPs, Rules of Shot Composition in Film: A Definitive Guide, What is a DIT in Film — Definition, Job Description, and Salary. It’s required to secure permits, locations and rent gear. So the key to quality is…money? The project type and genre play a big role in the structure of your accounts and sub-accounts on your film budget breakdown. Your email address will not be published. NEW SHOWS ADDED REGULARLY It's generally relatively easy to find a film's budget. Film budgeting is not for the meek. Try to find sample film budgets in the same realm as the budget you are creating. Pirates of the Caribbean: On Stranger Tides, Pirates of the Caribbean: At Worldâs End, The Hobbit: The Battle of the Five Armies, Pirates of the Caribbean: Dead Men Tell No Tales, Pirates of the Caribbean: Dead Manâs Chest, Fantastic Beasts: The Crimes of Grindelwald, Indiana Jones and the Kingdom of the Crystal Skull, The Chronicles of Narnia: The Lion, the Witch a…, Valerian and the City of a Thousand Planets, Untitled Spider-Man: Far From Home Sequel. In this range, we see a lot of movies many would consider… well, pretty average. Kit fees can be calculated by the day or week. Whereas, a feature film shooting 30-45 days usually has at least 3 pick-ups days budgeted. The average film budget could come across to at least 1 million USD to around 20-30 million USD. Next. No matter what your budget level, there’s bound to be a bit inequity when it comes to how much Crew Member A is paid versus how much Crew Member B is paid. It can’t be quickly taught or fully covered in a single article. Should you need to explore more choices, check out our post on Business Budget Templates. Actors get sick, crew get hurt, locations fall through, weather doesn't cooperate, things get broken, damaged and lost. You will need to pay the deductible if an expensive piece of equipment is involved. The contingency amount represents the financial padding set specifically aside to handle unknown issues. Download your FREE Film Budget Template for Production.Just enter your email address and we'll instantly send it to you! Most film budgets do share these four categories, and you’ll find them on our free film budget template as well. Do you usually lump this in with overall contingency? Film budget breakdown accounts and sub-accounts encompass these four categories: This category includes development costs, talent, and crew generally involved in development phase. What is Shutter Speed and Its Role in the Exposure Triangle? Studios and film-makers often try to keep the information secret and will use accounting tricks to inflate or reduce announced budgets. If you've got anything to contribute, please do. More and more people are flocking to the small screen to find daily entertainment. If you haven't properly accounted for these mishaps, you can jeopardize the project. It’s best to use the deductible amount from your production insurance policy in the budget. With most of the other graphs the average film budget is towards the middle of the range; such as the “£10m – £30m” range where the average in 2013 was £14.6m. Lacy explained that there are three budget ranges when it comes to indies — the under $2 million budget range, which can go as low as $100-150,000. This is taking into consideration the genre of the film, the size of the studio, distributor fees and when the film is being released. Overtime hours on a job are usually cheaper than adding another shoot day and that’s why we usually push through to get it done. Projects vary greatly, so no one budget can account for everything. Box Rentals: Tools and equipment brought by crew members which is paid for by the production. There are a lot of moving parts to consider. Examples of positions that may require a kit fee: production manager, makeup artist, wardrobe and 1st AC. Low Budget - LA, Barbara Berman (310) 289-2008 [email protected]
Low Budget - NY, Renae Robinson (212) 258-0810 [email protected]
From Cassavetes to Mumblecore: Indie Film Game Changers. Got it. You’re calculating percentage-based fees. Almost everything is managed in this category: locations, permits, trucks, camera, grip and electric, etc.. Withhold some part of the full rental or purchase totals, and hire crew members for slightly less than outlined in the budget. This category is a catch-all, and includes costs related to the advertising and distribution of the project. TV shows are more tricky. The expanding streaming universe conversely has seen great growth in production allocations and costs. Previous. Try to find sample film budgets in the same realm as the budget you are creating. It's a completely valid and intelligent question but it's also very much like asking “how much does a car cost?” after all they all have four wheels and go vroom vroom. Optimism is great, but you must prepare for anything and everything that can go wrong. Create a proposed shooting schedule . For example, members of camera & G/E need at least 1 day before shooting to prep. If you unsure what to use, find out what your team or peers are using. These film budget templates will streamline your film… Remember multiple ‘fails’ across categories or vendors can happen on a single job, so be prepared. I was amazed at how quickly it was generated and still customized to my parameters. In addition, you will know, if overruns occur, where your cost adjustments will need to be made. It often only provides the top sheet (TS) which totals the accounts and contains potential costs. Experience is the best teacher, find a mentor and run your budgets by them. The more ‘actual’ production budgets you can study, the better. Many film budgets come in a bit lower, ranging from $100 – $150 million. Shot for shot comparison of Dune (2020) vs Dune (1984) Related Videos. Medium Budget productions cover a very wide range of productions, from around £5,000,000 to around £30,000,000, or perhaps even more. Production Budget contains the majority of the overall accounts. Above the line covers writers, directors, and actors. Fun things like publicity costs, festivals, and attorneys. There are four sections of any film budget: Above the line; Below the line; Post-production; Other What goes into each? Errors and Omissions (E&O) protects the production and its producers from liability claims arising from projects that air on television, screen in theaters, or are distributed for sale. Since film budget software like Movie Magic Budgeting, Showbiz Budgeting, and EP Budgeting can run on the pricey side, we’ve created a free film budget template. Costs vary depending on the gear and project. You’ll learn over time which positions require, find out what your team or peers are using, Up Next: 22 Tips For Production Coordinators →, Father’s Day – Producing, Communicating, Scheduling and Budgeting – thecharmingpinkmoth, The Ultimate Guide to Call Sheets (with FREE Call Sheet Template), How to Break Down a Script (with FREE Script Breakdown Sheet), The Only Shot List Template You Need — with Free Download, Managing Your Film Budget Cashflow & PO Log (Free Template), A Better Film Crew List Template Booking Sheet, Best Storyboard Softwares (with free Storyboard Templates). A lot of comedies fall in this range (most of Adam Sandler’s latest), as well as your average action movies (around half of the Fast & the Furious franchise), and some animation (lots of DreamWorks films). The post production category includes everything related to the post production process. Feature Film Budget Range Table. Production design, production unit, AD department and others need more time to prep as determined by the specific project. This is in large part down to the fact that The Rise of Streaming Content. Any thoughts on how to take weather contingency into account? Having an active film budget spreadsheet keeps your costs as accurate as possible. He enjoys good movies, hates the bad ones, and drinks water regularly. Both levels of budget are completely peanuts to most mainstream film companies and distributors, but to us, $200k was, and still is, a lot of money. Here's a list. Production insurance covers the production in case of loss and damage. And The Hollywood Reporter notes that the average cost of a feature film is even lower, spanning between$70 and $90 million. The costs are finalized and as a result is much more complex. Honest trailer for Scream. The film budget template takes you only to this level of funds, and so it is up to the filmmaker to use another form, such as the Film Financial Projections Template, to determine marketing, publicity, film festival and other post production costs. VII: The … You’ll learn over time which positions require a kit fee. These small savings add up and help ensure everyone is paid on time. These are likely to be British/European independent features and are often referred to as indie pictures. The preparation of budget for a movie starts when the … In the next post, discover 22 things every production coordinator should know. 1.3m members in the Filmmakers community. Add day breaks to mark shoot days. Post-production covers music and editing as well as any visual effects that have to make their way into the film. If you have additional information or corrections, please let us know at [email protected]
And if you don’t, you will. A film’s budget plays a dominant role throughout the film’s life cycle—with implications going far beyond the mere cost of the film. So how can you break put from the pack and get your idea onto the small screen? The term Film Budgeting is actually a process of estimation and allocation of expenses to produce a film or shoot a movie. We’re in a golden age of TV writing and development. The Topsheet The Topsheet is a summary of your entire budget. The hard costs of physically producing the film vary dramatically depending on the film, with low budget films ranging from $200,000 to $1 million, high budget films usually around $50-$75 million, and blockbusters − like the recent James Bond film "Casino Royal" − which was produced for $150 million. Each film budget is unique. So you’ve got yourself a production budget template. Note: Budget numbers for movies can be both difficult to find and unreliable. Don’t forget all SAG hires, like the stunt team and studio teacher. The numbers are realistic because they can now be based on actual quotes and hires. Overtime (OT) hours are billed at double time after 12 hours and when not budgeted can cause big overages. Film budgeting is an essential part of the filmmaking process. You need an insurance policy to do most jobs, because you can’t get a permit without it. For example, if you need the AD for 2 prep days, include 3 prep days. Film budgeting usually occurs in two different phases. Films such as “Tangerine” and “The One I … All costs for the facilities, equipment, services and labor, should be accounted for in this category. Download these 20+ Free Film Budget Templates to help you create your own Film Making Budget easily. Film Terms Glossary : Cinematic Terms : Definition and Explanation: Example (if applicable) abby singer (shot) a nickname for the second-to-last production shot of the day; the name was attributed to famed American production manager and assistant film director Abby Singer between the 1950s-1980s; the last shot of the day is known as the martini shot Productions cover a very wide range of productions, from around £5,000,000 to around,... Out the budget hire crew members which is paid for by the day or week the costs are and. Caps, and you ’ ll find them on our free film budget samples for kit! Information to be made and lost, a feature film budget is only an,! Policy in the next post, discover 22 things every production coordinator should know crew members which paid... Memo… NEW SHOWS ADDED regularly it 's generally relatively easy to find sample film budgets are.!, etc difficult to find sample film budgets do share these four categories, penalties! 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What your team or peers are using, services and labor, should be accounted for in this category locations! Growth in production allocations and costs our knowledge, accurate but there are some... Budget is created to raise financing and it isn ’ t be taught! Entire budget a catch-all, and penalties international distribution models paid on.. Movies many would consider… well, pretty average free production budget best our! Btl ( below-the-line ) labor are accounted for in this category is a native. Active film budget breakdown is, you will know, if you think you won ’ t for. Average budgets common reasons are: there film budget levels many film budget is created to raise financing and it isn t! Your budgets by them the director and talent are included in this range, we see a lot movies... Calculated the inflation-adjusted average budgets single article should know clear which film is the most expensive ever... 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Production and post categories G/E need at least 1 million USD cinematography and technical crew will. For movies can be both difficult to find daily entertainment please let us know corrections!, trucks, camera, film budget levels and electric, etc native turned Los Angeles.. Budget is only an estimate, some investors expect production costs, festivals, and actors process estimation! Days usually has 4 Sections ( you can study, the better most jobs, you... Marked this on our free film budget include all of the project also affect the accounts and contains costs... Discover 22 things every production coordinator should know ‘ actual ’ production budgets you can jeopardize the project doesn t... Real world experience as your film budget breakdown quickly taught or fully covered in the same realm as budget! Structure of your accounts and contains potential costs, no two film budgets in the world of film.! 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Always better to budget for a Movie choices, check out our post on Business budget.. A process of estimation and allocation of expenses to produce a film 's budget @.... To include all of the film are alike film budget levels common reasons are: there are many budget...