Anatomy of a Budget
Filmmakers must be able to justify their budget. When you are shooting a film, you and your crew need to be convinced your project is worth the money you’re spending. This will help determine how much you will need to invest in your project. You may want to ask your producer and an investment bank for help with this process. I recommend this approach because it gives you all your answers before you even ask your accountant or accountant’s help.
Filmmakers must realize there are many steps you need to follow when making a film, and it is not always straightforward. You will find it helpful to keep track of everything, such as filming locations, locations, locations, locations. The more information you include in your budget, the more efficient it will be for you as the film goes through production.
What is the schedule for my budget?
As you will find out in the next post on the budget process, the schedule for your budget is going to be different from project to project. There are also some additional things you need to consider, such as:
How long do I plan to shoot for?
How many scenes do I need to shoot?
How many locations do I need to shoot?
Who does what for what?
Where do I rent equipment?
Who do I get to work on my film?
Which actors do I work with?
What is my visual effects budget?
This is where you will have to do a lot of work to make those numbers work for you throughout the process. In my example, you know that you’re shooting a film called “Daughters”, and you have a budget of $1,000,000. If you had to shoot two full hours of “Daughters”, would you spend the same amount of money on two scenes or two scenes divided by 2? (For example, if scene 2 is a 30-second film, shot in 25 days with an average of 10 takes each day and is the only scene you plan to shoot with at least one actor, then you would spend the same amount of money on that scene as if you would spend $1,000,000 on two full hours of film.)
There is no guarantee you will hit your budget on your first movie, but as you go along you will figure out more details about how to plan your budget.
How much will it cost to produce a film?
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