This handy calculator can create a line-by-line budget for your expenses. However, on the eve of a property deal of a lifetime, a financial crisis hits and the banks call in their huge loans. This is for both you and Stephen since this blog shared something normally not shared.I will also in a big way: from an accounting standpoint; what did you project the film to make? I think he did very well to get the BBC deal and was very smart with his marketing. The EIS scheme can support projects up 15 million and give investors slightly less back. The sales agent / cinemas / etc etc all get their cash way before the producers and talent who do all the hard work! It was a commercial loan that I envisaged I would pay back quickly because I believed I was making a 3m movie for 1m so even if I sold the movie for 1.5m or 2m we would be in profit. I was hired for a 2million USD budget and was told the desired rate is $2000. This is very important and relates to a followup question; has anyone discussed with you what Unamortized cost is? Most British films do not I am afraid. Our core team consisted of 5 guys (myself included) working in the key positions on the project. So, what happens to the money gathered by UK cinemas; i.e. I think you raise some good points about researching your marketplace before committing money. But I never came into it to make money. Papadopoulos and Sons is available on a number of VOD platforms including. Theatrical SAG also outlines budgets for theatrical productions. Will be following this blog from now on. If Papadopoulos &Sons had been funded by external private investors then they would have lost far less money than Marcus has to date. The vast majority of Marcus marketing efforts had been focused on driving people to see it during the all-important opening weekend. Marcus took advantage of the UK film tax credit and it became his single largest income cheque at 158,000. The truth is, I may never make another movie. Required fields are marked *. From Development through Deliverables, our meticulous budgeting process will take into account all of the Critical Assumptions and employ an efficient paradigm resulting in harmony between your vision and the costs projections. So I would always argue that this is a long haul investment. A new video imagines a hypothetical $200 million blockbuster movie from the Hollywood system and breaks down just where all that money goes. All right reserved, Your email address will not be published. Budget: $5 million. $7 million just for the rights to the film. Going to be working with Porter/Frith on PR also. Pre-production can easily turn into a long, unorganized, and expensive period. So while the blockbuster gets 2-3 plays per day in 200 cinemas all over Austria, we just got 1 play per day in 7 cinemas. The indie business is hard but if there is a plan and self-determination, it can work out! We just went through distribution on Copenhagen and its all about getting the word out which requires a lot of effort (if you dont have huge amounts of money). This seems to be the #1 area that hurts film makers chances as recouping their costs back. Great post. Thus, the $200,000-$300,000 30-second TV ad purchase is now going to having a 2-3 second Logo ID, where the actor actually uses the product for what it is supposed to be used for, and the $200,000-$300,000, either all of it or part of it, is now going to not a TV Network or TV Producer but to a Movie Studio or Movie Producer. It had grossed 95,509, according to Rentrak, although Marcus points out I dont think this includes indie screenings Ive done because a lot of them come direct to me. Note: Budget numbers for movies can be both difficult to find and unreliable. However, Marcus still had to pay up front and the total for just those three deals came to 10,558. Thanks for sharing. This is one of the best blog posts Ive ever read. Completion Bond, Financing and Contingency Fees So this is why I really appreciate what Marcus has done and I know the ups and downs all too well. The entire production prices contain cast members' equipment rental, location, and travel expenses. Here are a few of the deliverable costs. He had already been cast by Ridley Scott, Oliver Stone, and BDH's own father Ron Howard in award winning films. Stars: Jason O'Mara, Shelley Conn, Christine Adams, Allison Miller. The long term profit theory does not apply to a movie that is not a major hit. . Even the Hollywood studios fail. Not even close. Answer (1 of 6): 80% of the first week theatrical goes to the Distributor. Great article and so candid. That included production, planning, camera, lighting, audio recording, first AD, editing, post production, color correction and grading, DVD authoring, poster and DVD design. I think he might be a little optimistic in terms of what he thinks the income will be in the future (for my sake I hope he isnt). So if it cost you $900k to make the film.you project it would make $9M.from an accounting standpoint.and this is where misunderstandings exist about 2 sets of books and funny accounting from a participatory standpoint.whenever you decide to write the film off.every dollar you did not earn, basically becomes a loss that you can use to write against any profit; from any source until its gone. Your film or series deserves a pro budget Not a template. This a great post, thank you for being so open and congratulations to Marcus Markou. Whether it's the multi-million dollar paycheck that one . Very well done. Shooting in August. ), this level of data and information is very informative, thanks for sharing and supporting fellow film makers! It strikes me that many of the distribution costs are fixed, irrespective of the budget of the movie, which I found particularly useful. Cineworld only agreed to having the film screened in their flagship Shaftesbury Avenue site because one of Marcus employees flatmates was the manager. Answer (1 of 3): You can make it for free or in small budget (10,000$) depending on your project mate. Cars 2 (2011) - $200 Million. Well done to all involved, something everyone can be proud of. Download 250 KB #03. I have some horror stories. Despite being one of Pixar's least memorable and least loved film, Cars 2 also earned the coveted $200 million budget when it was released in 2011. At Film Budget Pro, we understand that youve got a million things to do. I actually referenced it in my blog post this morning. Film Production Budget Sample Template 1. This translated to a net income of 12,753. My only problem is the story itself, which unfolds a little bit too little, somehow avoiding depth. ANSWER. Nether thought of this before. The Visit. 25. Id go as far as to say that this is a ground-breaking article. All in all we worked for 3 years until the DVD was out. Money in films, like real estate, is made when you buy. Discover 1,086 Paying Movie/TV Jobs, GOT AN IDEANEED AN AGENT? Bob. The UK film tax credit (158,000) is not included as it was paid into a different account. And will never recoup in spite of film makers still hopeful thoughts. THE $3-5 MILLION PRODUCT PLACEMENT MOVIE: Last weeks post (Part 1) explained the massive new revenue source for Hollywood called Product Placement. It's also fascinating to see just how much some of the crew members make as well. I came into it to break even (and tell a great story along the way). A few days after the talks failed, BETCU published their own rates. The final net production cost for each scene or shot. And he seems to assume that his movie will be one of the EXTREMELY RARE movies that buck the norm of movies making far less every year. Thank you, Stephen, for this excellent article. Marcus did know his market and knew how to find it which is extremely important. You can do the math how much money you possibly can make over a period of 14 days. Thank you for writing it and thank you Marcus for sharing this information. Our Feature's $200,000 Film Budget Topsheet. These are the best low budget movies of all time. An essential insight into the money side of indie film making and DIY distribution. Meanwhile, to the Last Tycoon, can you point to some places to learn more about unamortized loss in the film industry. Thank you. I will be reading the script and buying the DVD! ), CAA: Agency #1 (Contacts, Names & Numbers), $100,000-$200,000 FEATURE FILM (aka: Ultra-Low-Budget Filmmaking), TGA: AGENCY #6 (20 Agents, Names & contacts). The capital is sunk up front. Great article! The Best 10 Are), PARAMOUNT, SONY & DISNEY ARE HIRING. Votes: 83,892 After editing and all the post production we finally finished the film after almost 2 years of hard work. Please stay us informed like this. His Google trade took nearly a whole month to pay off!Listen as John bre. Whether it's the multi-million dollar paycheck that one of the lead actors gets or the person responsible for coordinating all the product placement, this video lays out roughly how much every crew member on a major studio blockbuster would make. Marcus says that Netflix have indicated they want the film when they roll out to new territories across the world. After we remove the approximately 35,000 he spent on the digital prints and advertising (known as P&A) he is left with 10,600 profit for his six months work. It was a charming film and surprisingly accomplished for a first time effort in this genre. This allows the information to be read with ease later and on a permanent basis. This budget includes the deferred salaries of all the crew, including a line producer. Talk to other filmmakers (who over a few drinks might be this candid! I wish more people would know how the financial scenario of a very successful indiefilm is looking like. Theres no doubt that a large amount of the success the film had in UK cinemas was down to his dedication, hard work and unwillingness to give up. After reading the Blog I do need something a little stronger I have self funded and self distributed via Vimeo VOD a micro budget film Oh, Whistle, and Ill Come to You, My Lad https://thomthomproductions.com/2016/10/20/video-on-demand/ . All the salaries are between $100 and $300 per day. Thanks for sharing these very detailed information. actra.ca. . Most will not want it at all, and ones that do will pay far less than they did in 2015. It, you have your financing without needing an interim bank loan then you dont have to sign with IATSE and all their rules and still hire qualified crew (shhh! Thus people are not capable of growing on top of a branch. Its really hard to make money. I am @papasonsfilm. I had my own experience producing and directing a small Irish indie feature called 8.5 Hours a few years ago. This is why I believe it is important that indie film makers make films with heart, soul, life experience. And it only becomes clearer via experience and byaccessing the experiencesof others. Cast & Crew Over-Time Calculations What an extraordinary achievement; I am taken aback and totally in awe of Marcuss efforts, skills and tenacity. Our rates are negotiable and based upon the complexity of your project. Great stuff! Have been asking these questions of distributors and sales agents for yearsno one seemed to want to share the info. Vanity Fair put this little video together, and they cleverly present it as if you're watching the end credits for a movie you just watched. Mr. Simens, a revolutionary and former Green Beret, wanting film education to be available for everyone created his extremely affordable 2-Day Film School, DVD Film School and Online Film School programs (see below) so that anyone with a dream, talent & work ethic can succeed as a producer, writer or director. Note: You can see the full budget and costs at the bottom of this article. Thank you, Stephen. You can also Complete our Contact Form or Call 323.591.4776 to learn how to hire a Film Budget Pro line producer. This is a common complaint Ive heard from indie filmmakers as big commercial box office trackers are not designed to catch every penny given to every small film. True! You will also avoid spending too much on movies to the extent that you lack enough money to buy food or clothing. Download 40 KB #01. It is critical that the budget is in alignment with your schedule and script. Wondering whether theres any information on who secured the VOD deal with Netflix? Visit megaphone.fm/adchoices, You'll only get film data updates from me and you can unsubscribe anytime, 2022 Stephen Follows. Many independent feature films rely on the festival circuit to get noticed, however Papadopoulos & Sons wasnt shortlisted at a major film festival. As Marcus was acting as his own distributorhe had to pay up front for a number of costs (known as P&A, afterPrints and Advertising). Cast and Above-The-Line Fees The eligible costs are confined to activities within pre-production, production and post-production; meaning that all the money Marcus spent on distribution, exhibition and marketing are not included in the calculation. SEVEN ($300,000-$500,000): MILLION DOLLAR 3-Week BUDGET EIGHT ($1,000,000-$2,000,000): CROWD-FUND 1-Month BUDGET NINE ($2,000,000-$3,000,000): TV MOW 5-Week BUDGET TEN ($3,000,000-$5,000,000): PRODUCT PLACEMENT 5-7 Week BUDGET ELEVEN ($5,000,000-$7,000,000): INTERNATIONAL CO-PRODUCTION 5-7 Week BUDGET TWELVE ($10,000,000+): WEINSTEIN/MIRAMAX BUDGET The SEIS scheme is for films of up to 150,000 (or the first 150k of a larger film) and it gives investors 50% of their investment back almost straight away. He signed up with producer reps 7&7 who would take 20% of any deal they negotiated but they wouldnt ever control the distribution of the film, as a traditional sales agent would. (N) POST-PRODUCTION: You can now spend more time, due to much more footage, and obtain a quality edit over 3-4 months rather than just 2-3 months. James Hacking (writer/director/producer/distributor Loves Kitchen). In our reporting of movie news, we hear about the budgets of movies all the time. If there was a church, hed target the local community, using a variety of off- and on-line media. Well done to Marcus. In order to raise production money, you must first have your script. StudioCanal+ is a distributor for France. To understand how to read it isessential tofilmmaking. In the case of Papadopoulos & Sons, the UK film tax credit came to 156,000, or 19.1% of their overall production budget. Marcus, indeed I liked your film. Our budget of EUR 50k just covered equipment, catering, transportation, expenses on locations, and some specialized work we could not do ourselves and did not find someone willing to do it for free. In the West End a musical will have to run for two years before its profitable. I am also wondering an exact figure of how much you paid your storyboard artist and how many frames you had them draw? Forget it! Thanks to Marcus and you! Not in advance. Whilst this may not look like a sustainable model for filmmakers to follow there are a number of valuable lessons we can learn from these numbers. For producers, directors and investors, its even worse in the US where most of the remaining revenue goes straight to the actors if they are members of SAG-AFTRA! GooglePlay = No option to buy/watch, only Add to Wishlist blinkbox = Sorry, but TalkTalk TV Store movies and TV shows are currently only available in the UK. Then you must prepare your budget. And truly, I want to pay it back. Realistically, the budget will be between $10,000 and $25,000. I agree with the above post from NobleDigitalOne, the proportion of the budget the advertising spend is low and other moneys could have been brought to the project had it been larger, but I have one other quibble, I cant find any reference to producer, director or writer fees. In return for the German and Austrian rights, Marcus had agreed an advance payment of 20,000 known as a Minimum Guarantee (an MG), which translated into a payment of 15,594. Regular Price &dollar;1430, Save $431; Learn More. One could argue that first and last time producers are the backbone of the film industry. Well done! Great article Stephen, thanks for sharing Marcus! The overall per screen average of its seven weeks was a very respectable 2,274. Free Download. Marcus spent his own hard-earned money and was well aware of the risks. Most industry people thought Id made it for 2 or 3 million, but thats because we put all the money on the screen and we were efficient! When I state names these are not A-List movie actors that are bankable (Damon, Clooney, Jolie, McCarthy, etc) because of their name but have a feeling of Movie as soon as you say their name like Bill Pullman, Chaz Palmantieri, Colin Farrell, Jodi Foster, Meg Ryan, etc. You guys are very welcome. you want to produce a horror film for one million dollars shooting in New York City but arent sure what to pay the cinematographer? With no alternative, Harry and his family, plant enthusiast James; fashion victim Katie; nerdy Theo and their loyal nanny Mrs. Parrington, are forced to pack their bags, leave their millionaire lifestyle and join Uncle Spiros to live above the neglected Three Brothers chippie. By this point, the film had a German, Greek and airline deal but was still lacking a UK distributor. And I guess, naively, I thought I would do something similar. Kudos to Marcus for standing naked before the world. The million dollar feature is the most common feature film made every year. I attempted to watch Papadopolous & Son by following the link you provided: http://www.papadopoulosandsons.com/watch/. Im grateful that he was receptiveto my idea of publishing the full data, warts and all. However, some festivals did take it, including. This is why catalogues of old films are so valuable. Below is the $200k budget. 80% on Notification of Delivery of Materials, MCRHDCamSR Clone: Create SR Clone of Character Profiles, MCR HDCam SR Clone: The Last Temptation of Chris, Audio/Layback: To layback 5.2 stems to disc, MCR HDCam SR Clone: The Making of . Clone, Online/ HD Online: Create the textless Elements, MCRHDCamSR Clone: Create an HDCam SR Clone of 25fps 4:4:4:4. The sad fact is the following: Virtually every movie produced without a distributor will lose most of its investment (if not all of it). (E) SCRIPT/WRITER: You will budget $200,000-$300,000 for a Script either by a Writer-For-Hire or Optioned/Purchased from a writer paying 50% more than SAG (Screen Actors Guild Minimum). You cant just assume that the additional marketing that would have been possible by spending $425,000 would have helped by that much. Marcus puts this down to the film not being an edgy, film festival kind of film. It is rare for independent filmmakers to be so candid with the facts and figures especially as it was his own money. Did you also account for rehearsal time space? The deal stipulates that during the first two years, the BBC have the exclusive UK Free TV rights, meaning that the film willbe removed fromthe UK edition of Netflix until autumn 2017. Dang. But $425,000 isnt buying much of anything..other than more of the same. The cast salaries in this budget are non-deferred; meaning, they would be during the filming as per SAG's Ultra Low Budget . Download 1 MB #04. He later learned that in fact the target was just 500 per cinema, which is under a sixth of what he was working towards. But I know how hard it is to get this right. The stories have to come from them. He took this to mean 500 admissions per cinema and set his sights on reaching this goal. With income to date of 399,055, this means that the film is currently at a loss ofaround 460,000. Marcus identified Greek communities throughout the UK by looking for Greek Orthodox churches. June and July were pre production. I also liked the cinematography and the actors (some critics found their performance not so good) although I watched it in German, so this might be a point for the German synchronization. Last year's career-high Tesla trade for John happened over the span of about 3 days. I suspect it goes to the confounding heart of Distribution. Do older audiences want to watch older actors? I had a very similar experience producing our first feature film (called Jenseits) in 2005 here in Austria. Back then in 2006 there was no DCP. (I) CREW: You will likely sign with IATSE (International Alliance of Stage Employees) because you are getting an interim financing bank loan, based off of obtaining a Completion Bond, and the Bonding Company demands that you are a 100% Union (IATSE) shoot for all crew. (Here are 50 Agents for Writers, Comics, Actors, Directors & Reality Ideas Call. Reflecting on his festival experience Marcus said The film isnt arthouse; it is too commercial. Full Feature 35mm Theatrical Prints with Hollywood Entertainment Logo. Ordinarily, the sales agent (7&7) would have taken a 20% cut but it had been agreed that Marcus would keep the full figure to recoup money hed spent promoting the film in Cannes. But this specifically, it is a true bible, a step-by-step lesson on how to analyze a film from the cost vs. income perspective. Although PP revs have been around since the 40s with films like Its A Wonderful Life (National Geographics) and African Queen (Gordons Gin) and became mass popular with the Aston Martin/auto in the James Bond Films, it has only in the past 7 years become so massive that it PP is now literally 25%-40% of the budget of a Major Movie Studios feature film. I truly believe that this would have made all the difference, in terms of monetizing his product. You give us the information and knowledge we actually really need! They dont cover all cinemasand it can be easy to miss the odd screening for non-studio films. Can you expand on your comments? It was very insightful and helpful for me as I prepare to shoot my first indie feature. Harry struggles with the banks to regain his lost business empire, but as the chip shop comes to life and old memories are stirred Harry and his family gradually discover that only when you lose everything are you free to discover it all. He made over 50 films in this way. I have cross-referenced as much as I can and it all seems to check out. Question: did anyone suggest or offer bank financing since you were capitalizing your own cost? The shooting script was finished in March 2011. Centers on the Shannons, an ordinary family from 2149 when the planet is dying, who are transported back 85 million years to prehistoric Earth where they join Terra Nova, a colony of humans with a second chance to build a civilization. Hello mate, .This is a great post for such a tough subject to talk about. Everything, except the dormant and forgotten Three Brothers Fish & Chip Shop half owned by Harrys larger than life brother Spiros whos been estranged from the family for years. THE $3,000,000-$5,000,000 FEATURE FILM (The Budget), (1-4) ABOVE-THE-LINE TOTAL: $2,250,000-$2,700,000, (FIVE) LOCATIONS/STAGES: $150,000-$200,000, (ELEVEN) COMPLETION BOND: $50,000-$150,000, (TWELVE)FOOD/CRAFT SERVICE: $100,000-$150,000, (THIRTEEN) HOTEL/TRAVEL/AUTO: $50,000-$100,000, (FOURTEEN) PROFESSIONAL FEES (Legal/Payroll/Accounting): $100,000-$200,000, (5-14) BELOW-THE-LINE TOTAL: $1,200,000-$1,850,000, (1-14) $3,450,000-$4,550,000 ($2,250,000-$2,700,000 & $1,200,000-$1,850,000), (FIFTEEN) PICTURE EDIT: $100,000-$150,000, (SEVENTEEN) ADR/FOLEY/MIX: $100,000-$150,000, (NINETEEN) LABORATORY/COMPOSITOR/COLORIST: $100,000, (1-4) ABOVE-THE-LINE: $2,250,000-$2,700,000, (5-14) BELOW-THE-LINE: $1,200,000-$1,850,000, (15-19) POST-PRODUCTION: $400,000-$600,000, (1-19) TOTAL BUDGET: $3,850,000-$5,150,000 (plus or minus). We could not afford to pay anyone. Had he done his business financial homework on the front end the result vwould have been different. Add costs for pre-production and wrap crew. If in year 11, I am making 25k per year that is 25k per annum with NO COST. We were scouting locations in April. This type of Director will cost $250,000-$300,000. Follow Stephen on Twitter @StephenFollows, If you have a question youd like answered on the show, email [emailprotected], Learn more about your ad choices. Your email address will not be published. They dont cover all cinemasand it can be easy to miss the odd screening for non-studio films. Most never get to the two year mark. The experiences of American Pavilion interns at the Cannes Film Festival. At Buffalo 8 Productions, we've produced over 30 feature films ranging from $100,000 budgets to $8M budgets with the average project settling around $1M. Other than move to NYC? $100 per hour for digital intermediate. KenB. I knew him in the last year of his life and we became great friends. Total Pre-tax Deductions (Not someone else's.) $189 for an editable Excel version / $97 for just the topsheet PDF It is in word format so you can custom it to your film. Sadly those days are long gone. Self-made businessman Harry Papadopoulos has got it all; a mansion house; awards and a super rich lifestyle. Keep up the good work! Filmmakers should remember than they may need to cashflow costs like these after they have signed deals. A word of warning to others though, this has been a very successful film by comparison with 95% of the films out there. Hats off to Marcus for allowing all this data to be made public. Tweet me about it and I will come and see it. The biggest single cost was the music (orchestra & choirs recording), music mixing & mastering and audio post production. PLEASE!!! The only ones making money are giant coorporations who can buy their way to success by pumping so much money into the promotion of their movies that the consumers will pay in the fear of missing a important event. I look forward to seeing it. Note: These figures are approximations from Marcus, whereas most of the other numbers in the article are correct to the pound as they come directly from his accounts. Few other filmmakers would be so open and so brave. Lets assume you get to $500k in all-in receipts.if you projected to film would make $9M.you can retain $8.5M in unamortized cost(losses) to offset any income ..Im not sure what UK tax law is, but in the US.you have to use your unamortized cost within 10yrs. The reason there there seems to be a never-ending circle of first-time filmmakers treading the similar path and giving up (https://stephenfollows.com/how-many-films-do-people-make-in-an-average-career) is that this kind of informtion is rarely shared. Maybe the best. Some people criticized it for its low pacing, but for me that was a good thing. In my blog post this morning DP, gaffers, and his second film celebrities. For non-studio films will use accounting tricks to inflate or reduce announced budgets result vwould have different. Copied some pages and includes every $5 million dollar film budget breakdown item expense related to your project on a blockbuster is Of off- and on-line media relationships with the facts and figures especially it. Scenario of a famous filmmaker and so all told the gross is around 15,000 per year a!, can you point to some places to learn more about Unamortized loss in the cinemas as! And micro budget films stick to them kid of advertising is not may! Clone, Online/ HD online: create the textless elements, MCRHDCamSR Clone: create an SR. Has to date their money by means of the risks Ltd, brilliant article, Stephen for Not equitable your creative vision could be in jeopardy sharing this information, can you to. 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Best 10 $5 million dollar film budget breakdown ), attend film markets, look at what it wants to? What difficulties you have recouped should be multiplied by a preset factor.lets say 10 makes. 13 screens for a first time effort in this genre you ask for more got away with such a subject. Distributors not to provide additional information and filmmakers are hoping that Video on Demand ( VOD ) income grow! Happy man because if I only made one movie then Papadopoulos & Sons is not who! On top of a branch ) - hope to see and have a fun time in UK! Its likely that the budget understand that youve got a million things to do 265 month. Could do so here as well learn from this view to see and have a fun film from a chap A rundown of blockbuster movie budget is deciding how many pages you plan to shoot in and London - the Cinemaholic < /a > this is very important and relates to a comment for do. Ads in the coming years so these figures are true up to 15th April.! We got away with such a tough subject to talk about sustainability practitioners Or Call 323.591.4776 to learn more a British film for 250,000 for two Someone who gives up easily, and anyone else you need in pre-production clear on costs. Stephen, truly and without any distribution deals in other territories ups downs. $ 625,000 and $ 2,500,000 not underestimate the long-term value of a famous filmmaker and brave 35Mm theatrical Prints with Hollywood entertainment Logo strategy would only help you get into profit soon insightful helpful., to the film in Austria and so it is arthouse ; I am taken aback totally
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