Editor – Your editor's wage will likely be the largest cost during post-production. Production costs (cameras/equipment, actor salaries, crew, location) will probably be the most substantial, 50 percent or more. Aryan Kaganhof, who has had an extensive career shooting independent low budget films and notably SMS Sugarman (the first mobile filmed feature), elaborates: "Until South African films start to make money and we start to produce far more films on lower budgets, we do not have a sustainable industry. For low budgets and student films, you will be able to get away with more, especially if you have a small crew. At the very least you need to be honest with your crew on what they should expect in terms of working hours and breaks. To do this in StudioBinder, click on “Elements” go to “Extras” and click “View Scenes.”. The editor might work independently or as part of a company. Rehearsals – The director might need several rehearsal days with the actors. 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. 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. Import scripts. Get your FREE copy of the eBook called "astonishingly detailed and useful" by Filmmaker Magazine! – 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. For example, a low budget film can hold it’s production department in a crew member's house. On larger film sets all expenses will be covered, on low-budgets, you will need to discuss fuel expenses with crew before production. Start by jotting down the number of days you need for each actor in your, How much are you going to pay your actors? Equipment/Insurance – Film equipment is expensive as such make sure you get the proper insurance needed to cover you if anything breaks. Film crew members might have their own daily working rates and guidelines can be found on union websites. Then there is self-distribution, you may wish to organize your own cinema screenings or DVD sales. – The DOP is traditionally put below-the-line, however, they are an integral part of the production. It … And If Am New In Film Industry Where Can I Get The Money For Budgeting? You are missing half the cost of making movies. I think it is fundamental that we embrace other models, like Nollywood and South Korea. For low budgets and student films, you will be able to get away with more, especially if you have a small crew. Such as photography for the film's movie poster, or to shoot some interviews to be used in marketing. If the sequence requires simple effects or moderately challenging film blocking or movement, double the page length for all estimates related to that sequence. First, let’s look at the 7 basic Independent Movie Budgets. The producer and 1 st AD, generally do the script breakdown. If you are low-budget check out our article - What to do if you can’t afford to pay your crew? If a particular location must be used to tell the story, a particular cast member becomes essential to the financing, or a special effect defines the story, then that element should be identified and its costs determined. However, if you are an independent producer (or don’t have a software budget), you can do this for free. 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. The size of your budget will determine how big a crew you can afford to have. The expectations of your film will help determine what type of budget you are looking for. It’s just a matter of transforming the code of your script breakdown sheet into your film budget template. He will probably just keep making genre films until they let him write for Star Trek. And how much time are you willing to spend acquiring that funding? Michael J. Epstein is a Los-Angeles-based filmmaker, musician, and writer. 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. Movie budgeting contains the key information that you must have for your production. Some actors will also have their own going daily rates. 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. And how much time are you willing to spend acquiring that funding? If using fake guns and weapons in a public space you will need to inform the local police before you shoot. Film Production Budget Template Best Practices. The editor might work independently or as part of a company. – Depending on the scale of your production assistant editors and other post-production personnel such as visual effects editors and colorists may be needed. It is also the first step towards creating an initial film schedule. You will need to find camera, lighting and grip equipment. Effects-heavy sequences are not. You mention VFX but there is no post-production budget. On larger sets hire a professional catering service. 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. Typically screenwriters get 2% of the film's production budget, their payment will need to be negotiated before you start work on the film. Writers, producers, the director and talent are included in this category. You might be renting, buying or hiring crew with their own equipment. 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 majority of films are shot out of sequence. Reconnaissance and Prep – likely several key crew members will be attending recon/tech scout meetings. Investors require a real film budget to finance. – Obtaining and gaining permission for locations can be expensive. In general, the more days of filming the more your film will cost however, a larger budget will attract more experienced crew and arguably the more professional your film will look. 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. Also, keep in mind that some scenes such as dialogue scenes will be a lot easier to shoot than stunt sequences. They also tend to have higher wages than the rest of the crew and need to be hired during early pre-production. Film Budget Breakdown On a professional film set, it’s the line producer or production manager who prepares the film budget. Screenwriter - Firstly you need to pay your screenwriter. If the sequence requires many effects or very complex blocking or movement, quadruple the page length in each scene breakdown. They also tend to have higher wages than the rest of the crew and need to be hired during early pre-production. Having a distribution plan before making your film is ideal, perhaps surprisingly the costs of making a film don’t end once the film has been completed. When 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. It is critical that the budget is in alignment with your schedule and script. For low budgets hire locally to avoid these additional expenses. VFX, Budget your VFX and then you won’t have a movie you can’t budget! At the very least you need to be honest with your crew on what they should expect in terms of working hours and breaks. – Your editor's wage will likely be the largest cost during post-production. Are there any notable props in your film that need to be created or bought. Creating a budget breakdown, and revising that breakdown throughout the filmmaking process will help keep your expenses under check. However, if you are an independent filmmaker you don’t want to get caught out later on in the filmmaking process. Very helpful & really put together well. With all that pressure, we’ve compiled a few tips on how to use your script breakdown software to transform your script breakdown sheet into a film budget. Did we miss anything about film budgeting? On your budget template, multiply this by the day rate for background. Film crew might be members of unions, they might also have agents or their own daily working rates. This budget includes the deferred salaries of all the crew, including a line producer. Adjust your estimate accordingly. Look for the marks on your scene breakdown for vehicles and animals. You may have several scenes in the same location that can be shot on the same day. “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. Editors are paid union rates, they may also have own desired daily working rates. This includes fuel if crew members make long trips back and forth during production. Director of Photography – The DOP is traditionally put below-the-line, however, they are an integral part of the production. Tag elements like props, wardrobe, and cast. Your director and DOP might also have recommendations on who to hire at this stage. You will need to decide how many prep days you will be paying them for and what their rate will be during post-production where they will supervise the edit. Do they require stunt doubles, special effects teams or stunt coordinators? Check out our list of film crew positions, and our corresponding infographic. The majority of films are shot out of sequence. By listing all of these elements, you can begin to estimate your film budget. Download your FREE ​Film Budget Template below.Just enter your email address and we'll instantly send it to you! A horror film probably budgets more money for makeup than a family comedy does. Costume – Every actor appearing in your film will need costumes bought or made for them. There’s so much in a film budget (in the production side especially) that isn’t relevant for animated movies. You will also need to make sure you have high-quality sound equipment. Hard Drives/Office –  You will likely need to purchase several hard drives for your film. For larger budgets hire a PR team, major festivals recommended that even smaller productions hire a sales agent. "The Blair Witch Project" is famous for being shot on only $25,000. Production Design – Set design is often overlooked on indies but can make all the difference on screen. It’s likely there will be several re-drafts of your budget during the making of your film. 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. 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