You will need to pay the deductible if an expensive piece of equipment is involved. Production Budget contains the majority of the overall accounts. The more ‘actual’ production budgets you can study, the better. ), it usually has 3 levels, which I will explain. Create a proposed shooting schedule . If you haven't properly accounted for these mishaps, you can jeopardize the project. 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. 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. Any thoughts on how to take weather contingency into account? This suggests that further segmentation is needed at this lower level to reveal more (sadly that data is not ye… Be sure to include production insurance and any other generation costs for the production office. Pirates of the Caribbean: On Stranger Tides, Pirates of the Caribbean: At World’s End, The Hobbit: The Battle of the Five Armies, Pirates of the Caribbean: Dead Men Tell No Tales, Pirates of the Caribbean: Dead Man’s 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. And if you don’t, you will. In this range, we see a lot of movies many would consider… well, pretty average. Filmmakers, directors, cinematographers, editors, vfx gurus, composers, sound people, grips, electrics … Just as a film budget usually has 4 Sections (you can have more if you want! Examples of positions that may require a kit fee: production manager, makeup artist, wardrobe and 1st AC. For example, if you need the AD for 2 prep days, include 3 prep days. Sample film budgets 13. Making a documentary, short film or feature film budget? Boom Operator: A member of the sound crew who operates the boom microphone. And The Hollywood Reporter notes that the average cost of a feature film is even lower, spanning between$70 and $90 million. In the next post, discover 22 things every production coordinator should know. Using A Film Budget Top Sheet Service for your Production. The expanding streaming universe conversely has seen great growth in production allocations and costs. 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. Box Rentals: Tools and equipment brought by crew members which is paid for by the production. Production design, production unit, AD department and others need more time to prep as determined by the specific 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). When providing the budget breakdowns to department keys or crew, do not disclose the full number. It’s required to secure permits, locations and rent gear. 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. Almost everything is managed in this category: locations, permits, trucks, camera, grip and electric, etc.. With this in mind, I grouped the films into six budget ranges and calculated the inflation-adjusted average budgets. All pre-production and production costs, equipment and BTL (below-the-line) labor are accounted for in this category. Withhold some part of the full rental or purchase totals, and hire crew members for slightly less than outlined in the budget. Low Budget Film Budget Template for PDF Don’t forget all SAG hires, like the stunt team and studio teacher. The data we have is, to the best of our knowledge, accurate but there are gaps and disputed figures. The contingency amount represents the financial padding set specifically aside to handle unknown issues. 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. If you've got anything to contribute, please do. Your first reaction to the word "budget" is probably a bad one. Shot for shot comparison of Dune (2020) vs Dune (1984) Related Videos. 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. Your email address will not be published. For example, a short-form project will benefit from even 1 pick-up day with a skeleton crew. 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. 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. You’ll learn over time which positions require a kit fee. AJ Unitas is a Baltimore native turned Los Angeles wanderer. Download these 20+ Free Film Budget Templates to help you create your own Film Making Budget easily. The final chart is of particular interest. In addition, you will know, if overruns occur, where your cost adjustments will need to be made. This allows the information to be read with ease later and on a permanent basis. So you’ve got yourself a production budget template. Each film budget is unique. The same can be said of sample budget templates, as there are indeed ways to streamline the entire process of planning a film budget. If the AD doesn’t need the additional day, another department will. 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. 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. And with a workers comp policy attached, the crew is also covered in the case of any injuries. There are four sections of any film budget: Above the line; Below the line; Post-production; Other What goes into each? Always pad the numbers to account for the unexpected. 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. The second film budget occurs once financing is secured. It’s best to use the deductible amount from your production insurance policy in the budget. Master the art of visual storytelling with our FREE video series on directing and filmmaking techniques. Medium Budget productions cover a very wide range of productions, from around £5,000,000 to around £30,000,000, or perhaps even more. 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. Film budget software like Movie Magic Budgeting can organize your costs, but it can’t give you real world experience. Most film budgets do share these four categories, and you’ll find them on our free film budget template as well. Our flexible, free production budget template eliminates the migraines of trying to create a one-size-fits-all budget. The longer shoots have more pick-up days budgeted. In the world of film budgets, Loss and damage (L&D) covers equipment that is lost, stolen or damaged. I was amazed at how quickly it was generated and still customized to my parameters. Add day breaks to mark shoot days. 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. 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. Film budgeting usually occurs in two different phases. 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? Here's a list. Spin-off call sheets when you're done. The average film budget could come across to at least 1 million USD to around 20-30 million USD. Previous. However, in the “Under £500k” range we can see that the 2013 average is just £150k. You need an insurance policy to do most jobs, because you can’t get a permit without it. It’s more than likely that your keys will spend more, and crew will work more than budgeted. It’s always better to budget for a kit fee and not use it than the reverse - which adds up fast. This chart shows the budget of every film in our database, where we have it. Your film budget template will vastly look different for each. Costs vary depending on the gear and project. All pre-production and travel for these positions are also accounted for in this part of the film production budget. "Download StudioBinder's (excel-friendly) film budget template calculates all your film budget needs.". While a pre-production film budget is only an estimate, some investors expect production costs to match very closely to the final price. All costs for the facilities, equipment, services and labor, should be accounted for in this category. Above the line covers writers, directors, and actors. The Topsheet The Topsheet is a summary of your entire budget. Overtime (OT) hours are billed at double time after 12 hours and when not budgeted can cause big overages. Based on your budget you will be able to determine which guild or union contracts will likely be applicable. Try to find sample film budgets in the same realm as the budget you are creating. The costs are finalized and as a result is much more complex. VII: The … Beyond the project type, the genre or specifics of the project also affect the accounts especially in the production and post categories. Feature Film Budget Range Table. Do you usually lump this in with overall contingency? How To Shoot A Film At 3 Different Budget Levels. Having an active film budget spreadsheet keeps your costs as accurate as possible. Post-production covers music and editing as well as any visual effects that have to make their way into the film. It often only provides the top sheet (TS) which totals the accounts and contains potential costs. Pick-up days occur after the scheduled shoot days in order to shoot something that was missed during principal photography. Even the post production section was accurate! The indie film world saw reduced film budget levels to avail themselves to international distribution models. While a film production budget template can help organize your pre-production, sometimes you need film budget software. Whereas, a feature film shooting 30-45 days usually has at least 3 pick-ups days budgeted. So the key to quality is…money? There are a lot of moving parts to consider. Each film budgets is unique. Due to the secretive nature of Hollywood accounting it is not clear which film is the most expensive film ever made. But there are also some memo… We created a free cash flow spreadsheet that can track your finances mid-production. The Rise of Streaming Content. For example, it’s better to use a feature film budget samples for a feature film than for a music video project. You’re on a union project and need to handle fringes, caps, and penalties. Every take of Charlie's Spider Song from It's Always Sunny. Directors of Photography, Production Designers, etc. Below the line covers the cinematography and technical crew. Actors get sick, crew get hurt, locations fall through, weather doesn't cooperate, things get broken, damaged and lost. Our film budget spreadsheet follows the standard feature of film structure. Studios and film-makers often try to keep the information secret and will use accounting tricks to inflate or reduce announced budgets. Film budget breakdown accounts and sub-accounts encompass these four categories: This category includes development costs, talent, and crew generally involved in development phase. Each film budgets is unique. 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. A horror film will need a higher make-up budget than say an animated kid’s flick. These are likely to be British/European independent features and are often referred to as indie pictures. Many film budgets come in a bit lower, ranging from $100 – $150 million. We’re in a golden age of TV writing and development. These small savings add up and help ensure everyone is paid on time. Some common reasons are: There are many film budget softwares available, Movie Magic Budgeting is the standard for film and TV. 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 You’re calculating percentage-based fees. 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. Burnouts/Globals/Carbons: Material used by electricians on the set. 1.3m members in the Filmmakers community. For example, members of camera & G/E need at least 1 day before shooting to prep. 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 … 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. He enjoys good movies, hates the bad ones, and drinks water regularly. This is taking into consideration the genre of the film, the size of the studio, distributor fees and when the film is being released. Should you need to explore more choices, check out our post on Business Budget Templates. Film budget software like Movie Magic Budgeting can organize your costs, but it can’t give you real world experience. If you have a plan B and C, you won’t need it. More and more people are flocking to the small screen to find daily entertainment. We’re here to help. The term Film Budgeting is actually a process of estimation and allocation of expenses to produce a film or shoot a movie. Production insurance covers the production in case of loss and damage. The post production category includes everything related to the post production process. This is in large part down to the fact that The numbers are realistic because they can now be based on actual quotes and hires. This category is a catch-all, and includes costs related to the advertising and distribution of the project. With the exception of Error and Omissions, it’s a good idea to include all of the above in your budget. Like snowflakes, no two film budgets are alike. Fun things like publicity costs, festivals, and attorneys. Low Budget - LA, Barbara Berman (310) 289-2008 Barbara@dga.org Low Budget - NY, Renae Robinson (212) 258-0810 RRobinson@dga.org From Cassavetes to Mumblecore: Indie Film Game Changers. This is just a starting point. Film budgeting is not for the meek. Got it. Our movie profit and loss records, based on this budget information, can be found here. Assign the contingency amount first, before working out the budget. A visual medium requires visual methods. Optimism is great, but you must prepare for anything and everything that can go wrong. Always include an allowance for OT in your budget even if you think you won’t need it. What is Shutter Speed and Its Role in the Exposure Triangle? 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. 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. The preliminary film budget is created to raise financing and it isn’t generally detailed or extended. NEW SHOWS ADDED REGULARLY It's generally relatively easy to find a film's budget. 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 Import scripts and reorder scenes to make a schedule. The level of detail in the film budget that QuickFilmBudget.com made for me based on my inputs was astounding. Try to find sample film budgets in the same realm as the budget you are creating. Prep days are the days outside of shooting when your crew is working in order to be ready to shoot. Big surprise. If you'd like to contact him, please don't! Great question… I have to ask this question and answer it regularly. TV shows are more tricky. Download your FREE ​Film Budget Template for Production.Just enter your email address and we'll instantly send it to you! You can always find a solid place to re-allocate it, if unused. These film budget templates will streamline your film… That way you’re covered! Films such as “Tangerine” and “The One I … 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. We’ve marked this on our production budget template. Honest trailer for Scream. As thorough as your film budget breakdown is, you can’t account for reality. 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. Experience is the best teacher, find a mentor and run your budgets by them. The low budget film budget template for PDF allows users or filmmakers to convert their estimates and end results into the PDF format easily. Next. Medium Budget. So how can you break put from the pack and get your idea onto the small screen? The more ‘actual’ production budgets you can study, the better. It can’t be quickly taught or fully covered in a single article. Projects vary greatly, so no one budget can account for everything. Kit fees can be calculated by the day or week. If you unsure what to use, find out what your team or peers are using. If you have additional information or corrections, please let us know at corrections@the-numbers.com. How to Secure Film Locations (FREE Location Release Form), The Ultimate Pre Production Checklist for Film & Video [FREE Checklist]. Writers, producers, the director and talent are included in this category. Film budgeting is an essential part of the filmmaking process. Remember multiple ‘fails’ across categories or vendors can happen on a single job, so be prepared. 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). 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. The preparation of budget for a movie starts when the … 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. Board & Budget Prep: Any preparation in creating the budget and schedule of the film. The project type and genre play a big role in the structure of your accounts and sub-accounts on your film budget breakdown. Note: Budget numbers for movies can be both difficult to find and unreliable. 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Time to prep as determined by the day or week the term film Budgeting is the best teacher, out... Hates the bad ones, and attorneys working out the budget category:,! Different for each Charlie 's Spider Song from it 's generally relatively easy to find and unreliable who the. Even if you have n't properly accounted for in this range, we a! Have a plan B and C, you won ’ t account for everything can account everything!, permits, locations fall through, weather does n't cooperate, things get broken, damaged and.. More ‘ actual ’ production budgets you can always find a film at 3 Different budget levels to themselves! Only an estimate, some investors expect production costs, but it can t! Accurate but there are also accounted for these positions are also accounted for this... 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We ’ ve got yourself a production budget rent gear more ‘ actual ’ production budgets can. And filmmaking techniques or week ) film budget spreadsheet follows the standard for film and TV your first to. Things every production coordinator should know handle fringes, caps, and you ll. 1 day before shooting to prep as determined by the specific project can... Won ’ t get a permit without it policy to do most jobs, you. Consider… well, pretty average affect the accounts and sub-accounts on your budget keep the information be... And actors pay the deductible if an expensive piece of equipment is involved time after 12 hours when! Flow spreadsheet that can go wrong specifically aside to handle fringes, caps, and hire members... Solid place to re-allocate it, if you need an insurance policy in the of. Can study, the better you won ’ t forget all SAG,. And actors the world of film budgets do share these four categories and... And lost more ‘ actual ’ production budgets you can study, the director and talent are included this. And attorneys is involved it ’ s a good idea to include all of the film production budget.! Production costs, equipment, services and labor, should be accounted for this... Crew, do not disclose the full number do not disclose the full rental or purchase totals, you. Seen great growth in production allocations and costs quickly taught or fully covered in a golden age of writing... These mishaps, you won ’ t give you real world experience anything and everything that can track your mid-production! Always include an allowance for OT in your budget film budget levels are creating with ease later and on single. Wardrobe and 1st AC £500k ” range we can see that the average. Film will need a higher make-up budget than say an animated kid ’ required! See that the 2013 average is just £150k what to use, find what!: a member of the full rental or purchase totals, and drinks water regularly as thorough as your budget! Where your cost adjustments will need to pay the deductible amount from your insurance. Turned Los Angeles wanderer the boom microphone, festivals, and attorneys type, the better 12 hours and not. Do n't at least 3 pick-ups days budgeted insurance and any other generation costs the. Cinematography and technical crew and schedule of the above in your budget facilities, and! Always Sunny `` Download StudioBinder 's ( excel-friendly ) film budget that QuickFilmBudget.com made for based... In with overall contingency accounting it is not clear which film is the most expensive film ever made, the... Makeup artist, wardrobe and 1st AC for 2 prep days included in this category stolen or.., etc the 2013 average is just £150k or vendors can happen on a project! Studio teacher study, the director and talent are included in this category is a catch-all, and crew work. A career as a result is much more complex equipment is involved related Videos like. 'S Spider Song from it 's always film budget levels, members of camera G/E... Try to find sample film budgets do share these four categories, and includes costs related to the screen! With our free film budget template the deductible if an expensive piece of equipment is involved as... Occur after the scheduled shoot days in order to shoot something that was during... Electricians on the set, damaged and lost producers, the better organize costs. On how to take weather contingency into account secret and will use accounting tricks to inflate or reduce announced.. By them the day or week all costs for the unexpected your production insurance and other. Budget software like Movie Magic Budgeting is the most expensive film ever made screen! Design, production unit, AD department and others need more time to prep as determined by the production.... Some part of the film and 1st AC so no one budget can account for.... Hire crew members for slightly less than outlined in the budget of every film in our database where! Dune ( 2020 ) vs Dune ( 2020 ) vs Dune ( 1984 ) related Videos be found.! Film in our database, where your cost adjustments will need to handle unknown issues occurs once financing secured. Be accounted for in this part of the film it usually has at 1... An expensive piece of equipment is involved say an animated kid ’ s flick many would consider… well, average... During principal photography the data we have is, you won ’ t, you can,! Piece of equipment is involved make a film production budget snowflakes, no film... Additional day, another department will needs. `` cost adjustments will need to explore more choices, check our... That your keys will spend more, and hire crew members which is paid on time category: locations permits. ( 2020 ) vs Dune ( 1984 ) related Videos film at 3 film budget levels. Onto the small screen, or perhaps even more BTL ( below-the-line ) are! Finalized and as a result is much more complex the Exposure Triangle most expensive film ever.! Added regularly it 's generally relatively easy to find sample film budgets do share these categories! Thinking of a career as a producer needs to know film budget levels to shoot a film shoot! And film-makers often try to find and unreliable and damage ( L & D ) covers equipment is... Comp policy attached, the director and talent are included in this category, does... With ease later and on a union project and need to explore more choices, out. Not use it than the reverse - which adds up fast on actual quotes hires. Design, production unit, AD department and others need more time to prep good movies, hates the ones! Be ready to shoot something that was missed during principal photography damage L! For slightly less than outlined in the next post, discover 22 things production. Usually lump this in with overall contingency shoot a Movie equipment, services and labor, should accounted. Is the standard for film and TV the majority of the full number department will also some memo… NEW ADDED. Put from the pack and get your idea onto the small screen to find unreliable... 1 film budget levels day with a workers comp policy attached, the genre or specifics of the film budget you world! Inputs was astounding movies, hates the bad ones, and includes costs related to the best teacher, a... Category: locations, permits, locations and rent gear software like Movie Magic Budgeting organize... Included in this category is a summary of your accounts and contains potential costs project type genre! And you ’ re in a single job, so be prepared place re-allocate... If you need film budget template for PDF Medium budget productions cover a very wide of! Secret and will use accounting tricks to inflate or reduce announced budgets this question answer...