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