Knowledge (XXG)

Film budgeting

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224:: While the bulk of the cast usually gets paid by the Actors Guild standard rate of about $ 2,300 per week, famous and bankable film stars can demand fees up to $ 30 million per film, plus perks (trailer, entourage, etc.) and possible gross participation. Sometimes an actor will accept a minimal fee in exchange for a more lucrative share of the profits. Union extras are paid around $ 130 per day (plus extra for overtime or if they provide their own wardrobe), but on a low-budget film non-union extras are paid less, sometimes nothing at all. 98:, or the "grand total", was $ 129.6 million and the net budget for Sony came to $ 111 million after they received a government rebate in Canada that covered a portion of their gross spend (cost) in the amount of just over $ 18 million. Even though Sony's out of pocket for the film was reduced because of the incentive, it does not negate the fact that the actual cost (amount spent during production to make the film) was still $ 129.6 million. 1858: 377:
In exchange for dropping their large upfront salaries, actors, directors, and producers can receive a large share of the film's gross profits. This has the disadvantage of cutting the financier's eventual takings. It has the further disadvantage of ambiguity. In the case of net profit participation
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When it comes to reporting the budget of a film, the amount of the budget represents the gross budget, which is the grand total of actual spending to produce the project and not to be confused with net budget, which represents the final out of pocket for the producer after government incentives or
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ran over budget and offered his fee back to the studio. In other countries, producers who exceed their budget tend to eat the cost by receiving less of their producer's fees. While the US system is profitable and can afford to go over budget, some other countries' film industries tend to be
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could potentially save hundreds of thousands of dollars in location fees. Moreover, some locations (such as commercial enterprises like hotels and nightclubs) are more willing to allow filming than others. Some producers of low-budget features avoid paying location fees and
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Though movie studios are reluctant to release the precise details of their movies' budgets, it has occasionally been possible to obtain (clandestinely) details of the cost of films' breakdowns. For an example of a budget for a $ 2 million independent feature, see
30:. 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. Multiple drafts of the budget may be required to whittle down costs. A budget is typically divided into four sections: 300:), the cost may be around $ 1 million for an original song; for existing works it may be around $ 300,000. Sometimes a less-known artist will license the rights to their song for a small fee in exchange for the publicity. 230:: The cost of producing the film includes crew wages, production design, live set and studio costs, costumes, catering (food and drinks etc.), accommodation, transportation, travel, hotel stay, etc. The 498:
In the US film production system, producers are typically not allowed to exceed the initial budget. Exceptions have of course been made, one of the most notable examples being
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has been offering the best screenwriters 2 percent of the gross profits (after the production and marketing budget has been deducted). An original screenplay by a
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rebates ("If you pay $ 50 for something but have a mail-in coupon for a $ 10 rebate, your gross spending still amounts to $ 50."). One of the consequences of the
1223: 1084: 276:'s music budget, have been as high as $ 4.5 million. The top film composers can ask for a seven-figure salary to compose about an hour of original 1136:…Maguire felt his sequel compensation didn't reflect the more than $ 30 million that producer Laura Ziskin earned from the first 'Spider-Man'… 1748: 1362: 399: 260: 1173: 339: 194:
are often well-paid, with a top producer earning a seven-figure salary upfront as well as bonuses and a share of the profits. For
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may be paid between $ 100,000 to $ 2 million to write a script, including $ 400,000 a week for each rewrite of a film in trouble;
344: 997: 319:(1996) cut costs by millions of dollars by eliminating the night scenes from the script. Many directors choose to use the " 1525: 1002: 520: 1777: 1121: 38: 32: 1765: 1152: 420: 249: 241: 211: 1678: 1503: 334: 1233: 1063: 1892: 1486: 1355: 424: 315: 167: 142: 1285: 270:: Typically, the music budget of a major motion picture is about 2 percent of the final total. Some, such as 22:
refers to the process by which a line producer, unit production manager, or production accountant prepares a
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Shooting at night requires powerful/expensive lighting and the payment of nighttime rates to the crew.
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depends largely on the amount of work, the desired quality, and the effects company involved (
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may be called upon to revise the final draft at $ 100,000 to $ 200,000 a week. Recently,
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This is not an option for studios that have signed contracts with the unions—the
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scene is easier in the early hours of Sunday morning, when traffic is at its lightest.
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was the release of budget information of many films or TV shows, including the 2015
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minimum is about $ 19,143 per week, for a minimum of ten weeks' work. An A-list
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presented an extensive special report, dissecting the budget of the 2005 film
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has been known to use the skills of experienced non-union crews for his films.
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member can cost from its minimum, $ 69,499 and upwards of $ 5 million (e.g.,
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requires stopping traffic with a resultant drop in revenue to the city of
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Use unknown, non-famous actors instead of well-established movie stars.
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is the most prestigious and expensive); extensive effect work, as in
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to take advantage of lower labour costs, subject to fluctuating
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are other countries in which Hollywood movies are often filmed.
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instead of gross profit participation, disagreements due to
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For example, many Hollywood movies set in U.S. cities are
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cost Warner Bros. $ 500,000. Shifting the location to the
64:. Film financing can be acquired from a private investor, 449:. As well, they take advantage of federal and provincial 1149:"DGA Rate Cards 2012 - 2013; Minimum Salary Schedule" 461:
have responded with tax incentives of their own (see
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Avoid location filming in famous or commercial areas.
76:, entertainment company, and/or out-of-pocket funds. 1796: 1734: 1664: 1606: 1551: 1472: 1378: 134:can cost anything from a couple of thousand (e.g., 375:Ask above-the-line talent to defer their salaries. 60:and marketing, which is the responsibility of the 204:is estimated to have been paid over $ 30 million. 463:Movie production incentives in the United States 234:is usually the highest paid member of the crew. 1249:"Budget for Tomb Raider-2 With Angelina Jolie" 1120:Brodesser, Claude; Harris, Dana (2003-04-13). 56:, completion bond, etc.). The budget excludes 1356: 140:) to over $ 10 million (e.g., the video game 8: 629:Lara Croft: Tomb Raider – The Cradle of Life 593:Rest of Cast, Casting, Stunts, & Travel: 1224:"The Smoking Gun: Archive: The Sixth Sense" 360:Film action scenes early on Sunday morning. 1603: 1363: 1349: 1341: 453:designed to grow and sustain the film and 218:can command $ 5 to $ 10 million per film. 110:: The right to produce a film based on a 244:effects and other visual effect work in 1029: 509:financed through government subsidies. 264:, can easily cost up to $ 100,000,000. 793:: $ 29.25 million + 20% gross profits 759:John D. Brancato & Michael Ferris 48:(editing, visual effects, etc.), and 7: 988:after a lawsuit involving the film. 1303:Glenn F. Bunting (April 15, 2007). 354:seek to capture shots by subterfuge 16:Financial plans for film production 1326:Occupational Employment Statistics 731:Terminator 3: Rise of the Machines 14: 1331:Film Budget Statistics as of 2011 1856: 1176:. Actorpoint.com. Archived from 345:San Francisco-Oakland Bay Bridge 1284:Thomas, Archie (11 June 2004). 1038:"How to Set a Household Budget" 405:, which grossed over 2 billion 280:. For well-known artists, like 998:List of highest-grossing films 329:Shooting a scene on, say, the 1: 1198:Weinraub, Jake (2011-08-02). 457:industries in the area. Many 94:. The actual cost to produce 1232:. p. 10. Archived from 1003:List of most expensive films 521:Planning the Low-Budget Film 1336:Film Budget Statistics Page 1062:Imber, Peter (2007-11-06). 984:. The documents had become 691:Set design and construction 637:Story rights and screenplay 541:Story rights and screenplay 337:. Filming such a scene for 42:(direct production costs), 1909: 1305:"$ 78 million of red ink?" 1286:"Anatomy of a blockbuster" 1153:Directors Guild of America 677:Other (inc. Jolie's perks) 421:Directors Guild of America 398:, after New Line claimed 340:Interview with the Vampire 250:Industrial Light and Magic 242:computer-generated imagery 1852: 1122:"Tobey's tangled rep web" 305:Tactics for cutting costs 1092:Writers Guild of America 425:Writers Guild of America 168:Writers Guild of America 439:Film in another region. 362:Stopping traffic for a 311:Eliminate night scenes. 297:Mission: Impossible III 232:director of photography 1266:. Edwardjayepstein.com 1174:"Pay Rates for Actors" 1085:"Schedule of Minimums" 803:Rest of principal cast 797:Schwarzenegger's perks 390:, as happened between 1571:Principal photography 823:Post-production costs 790:Arnold Schwarzenegger 717:Post Production costs 455:television production 417:Use a non-union crew. 401:The Lord of the Rings 261:The Lord of the Rings 1809:Guerrilla filmmaking 1783:Digital distribution 1726:Digital intermediate 1566:Cinematic techniques 1247:Edward Jay Epstein. 1013:Hollywood accounting 382:methods can lead to 380:Hollywood accounting 1531:Production schedule 526:Robert Latham Brown 429:Screen Actors Guild 192:executive producers 36:(creative talent), 1844:First-dollar gross 850:: $ 187.3 million 661:: $ 17.25 million 555:M. Night Shyamalan 504:(1997). Director 331:Golden Gate Bridge 282:Christina Aguilera 172:M. Night Shyamalan 1870: 1869: 1660: 1659: 1536:Shooting schedule 1309:Los Angeles Times 975:Los Angeles Times 586:Robin Wright Penn 578:Samuel L. Jackson 494:Going over budget 200:(2002), producer 164:Columbia Pictures 137:Leaving Las Vegas 70:product placement 1900: 1861: 1860: 1859: 1814:Development hell 1744:Film distributor 1647:Costume designer 1624:Daily production 1604: 1598:Dailies (rushes) 1593:Daily call sheet 1521:Production board 1482:Script breakdown 1365: 1358: 1351: 1342: 1313: 1312: 1300: 1294: 1293: 1281: 1275: 1274: 1272: 1271: 1260: 1254: 1253:(Requires Flash) 1252: 1244: 1238: 1237: 1220: 1214: 1213: 1211: 1210: 1195: 1189: 1188: 1186: 1185: 1170: 1164: 1163: 1161: 1159: 1145: 1139: 1138: 1133: 1132: 1117: 1111: 1110: 1108: 1106: 1101:on 31 March 2015 1100: 1094:. Archived from 1089: 1081: 1075: 1074: 1072: 1071: 1059: 1053: 1052: 1050: 1048: 1034: 962:: $ 202 million 929:Production costs 843:: $ 33.6 million 817:Production costs 805:: $ 3.85 million 755:: $ 5.2 million 749:: $ 19.5 million 726:: $ 118 million 693:: $ 17.8 million 685:Production costs 601:Production costs 557:& Assistant) 433:Robert Rodriguez 431:(SAG). Director 228:Production costs 62:film distributor 1908: 1907: 1903: 1902: 1901: 1899: 1898: 1897: 1893:Film production 1873: 1872: 1871: 1866: 1863:Film portal 1857: 1855: 1848: 1792: 1788:Streaming media 1730: 1704:Special effects 1666:Post-production 1656: 1602: 1547: 1526:Day out of days 1494:Shooting script 1468: 1425:film adaptation 1374: 1369: 1322: 1317: 1316: 1302: 1301: 1297: 1283: 1282: 1278: 1269: 1267: 1262: 1261: 1257: 1246: 1245: 1241: 1229:The Smoking Gun 1222: 1221: 1217: 1208: 1206: 1197: 1196: 1192: 1183: 1181: 1172: 1171: 1167: 1157: 1155: 1147: 1146: 1142: 1130: 1128: 1119: 1118: 1114: 1104: 1102: 1098: 1087: 1083: 1082: 1078: 1069: 1067: 1061: 1060: 1056: 1046: 1044: 1036: 1035: 1031: 1026: 1008:Box-office bomb 994: 970: 893:: $ 30 million 859: 799:: $ 1.5 million 785:: $ 35 million 769:Jonathan Mostow 735: 719:: $ 1.6 million 707:: $ 3.3 million 687:: $ 67 million 633: 603:: $ 26,214,709 565:: $ 35,068,388 537: 515: 496: 396:New Line Cinema 307: 246:post-production 104: 45:post-production 28:film production 17: 12: 11: 5: 1906: 1904: 1896: 1895: 1890: 1885: 1875: 1874: 1868: 1867: 1853: 1850: 1849: 1847: 1846: 1841: 1836: 1831: 1826: 1821: 1816: 1811: 1806: 1800: 1798: 1794: 1793: 1791: 1790: 1785: 1780: 1775: 1774: 1773: 1768: 1763: 1753: 1752: 1751: 1740: 1738: 1732: 1731: 1729: 1728: 1723: 1718: 1717: 1716: 1711: 1701: 1696: 1691: 1686: 1681: 1676: 1670: 1668: 1662: 1661: 1658: 1657: 1655: 1654: 1652:Make-up artist 1649: 1644: 1639: 1636: 1631: 1626: 1621: 1616: 1614:Film inventory 1610: 1608: 1601: 1600: 1595: 1590: 1589: 1588: 1583: 1578: 1576:Cinematography 1568: 1563: 1557: 1555: 1549: 1548: 1546: 1545: 1544: 1543: 1533: 1528: 1523: 1518: 1517: 1516: 1511: 1501: 1496: 1491: 1490: 1489: 1478: 1476: 1474:Pre-production 1470: 1469: 1467: 1466: 1461: 1456: 1455: 1454: 1444: 1442:Film budgeting 1439: 1438: 1437: 1432: 1427: 1422: 1417: 1407: 1402: 1401: 1400: 1390: 1388:Film treatment 1384: 1382: 1376: 1375: 1370: 1368: 1367: 1360: 1353: 1345: 1339: 1338: 1333: 1328: 1321: 1320:External links 1318: 1315: 1314: 1295: 1276: 1255: 1239: 1236:on 2006-09-05. 1215: 1190: 1165: 1140: 1112: 1076: 1054: 1028: 1027: 1025: 1022: 1021: 1020: 1015: 1010: 1005: 1000: 993: 990: 969: 964: 957: 956: 955: 954: 953:: $ 2 million. 943:: $ 5 million 938: 937:: $ 65 million 935:Visual effects 932: 931:: $ 45 million 926: 925: 924: 918: 910: 902: 901:: $ 17 million 888: 887:: $ 10 million 878: 877:: $ 15 million 872: 871:: $ 10 million 866: 865:: $ 20 million 858: 852: 845: 844: 838: 832: 831:: $ 20 million 829:Visual effects 826: 820: 819:: $ 58 million 814: 813: 812: 806: 800: 794: 780: 779:: $ 10 million 774: 764: 763: 762: 750: 745:Gale Anne Hurd 739:Story rights ( 734: 728: 721: 720: 714: 708: 702: 701:: $ 13 million 699:Visual Effects 696: 695: 694: 682: 681: 680: 674: 668: 667:: $ 12 million 665:Angelina Jolie 656: 646: 640: 632: 626: 624:$ 74,243,106 619: 618: 617: 616: 610: 607:Visual effects 598: 597: 596: 590: 582: 574: 573:: $ 20,000,000 560: 550: 544: 536: 530: 514: 511: 495: 492: 491: 490: 475:Czech Republic 447:exchange rates 443:shot in Canada 436: 414: 413:, and Jackson. 411:Tolkien Estate 372: 367: 357: 324: 306: 303: 302: 301: 265: 240:: The cost of 238:Visual effects 235: 225: 219: 205: 188:Film producers 181: 160:script doctors 147: 103: 100: 58:film promotion 39:below the line 33:above the line 20:Film budgeting 15: 13: 10: 9: 6: 4: 3: 2: 1905: 1894: 1891: 1889: 1886: 1884: 1881: 1880: 1878: 1865: 1864: 1851: 1845: 1842: 1840: 1837: 1835: 1832: 1830: 1829:Film industry 1827: 1825: 1822: 1820: 1817: 1815: 1812: 1810: 1807: 1805: 1802: 1801: 1799: 1795: 1789: 1786: 1784: 1781: 1779: 1776: 1772: 1769: 1767: 1764: 1762: 1759: 1758: 1757: 1754: 1750: 1747: 1746: 1745: 1742: 1741: 1739: 1737: 1733: 1727: 1724: 1722: 1721:Negative cost 1719: 1715: 1712: 1710: 1707: 1706: 1705: 1702: 1700: 1697: 1695: 1692: 1690: 1687: 1685: 1682: 1680: 1677: 1675: 1672: 1671: 1669: 1667: 1663: 1653: 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645:: $ 4 million 644: 641: 639:: $ 4 million 638: 635: 634: 630: 627: 625: 623: 615:: $ 2,253,456 614: 611: 609:: $ 1,000,000 608: 605: 604: 602: 599: 594: 591: 589:: $ 2,500,000 588: 587: 583: 581:: $ 7,000,000 580: 579: 575: 572: 571: 567: 566: 564: 561: 559:: $ 5,081,749 558: 556: 551: 549:: $ 1,878,260 548: 545: 543:: $ 5,000,000 542: 539: 538: 534: 531: 529: 527: 523: 522: 512: 510: 507: 506:James Cameron 503: 502: 493: 488: 484: 480: 476: 472: 468: 464: 460: 456: 452: 448: 444: 440: 437: 434: 430: 426: 422: 418: 415: 412: 408: 404: 402: 397: 393: 392:Peter Jackson 389: 385: 381: 376: 373: 371: 368: 365: 361: 358: 355: 350: 346: 342: 341: 336: 335:San Francisco 332: 328: 325: 322: 321:day for night 318: 317: 312: 309: 308: 304: 299: 298: 293: 289: 288: 283: 279: 275: 274: 269: 266: 263: 262: 257: 256: 251: 247: 243: 239: 236: 233: 229: 226: 223: 220: 217: 216:film director 213: 209: 206: 203: 199: 198: 193: 189: 185: 182: 179: 178: 173: 169: 165: 161: 157: 153: 152: 148: 145: 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Retrieved 1258: 1242: 1234:the original 1227: 1218: 1207:. Retrieved 1203: 1193: 1182:. Retrieved 1178:the original 1168: 1156:. Retrieved 1143: 1135: 1129:. Retrieved 1125: 1115: 1103:. Retrieved 1096:the original 1091: 1079: 1068:. Retrieved 1057: 1045:. Retrieved 1041: 1032: 1018:Film finance 979: 973: 971: 966: 959: 958: 949:Danny Elfman 946: 940: 934: 928: 921:Rest of cast 920: 912: 904: 896: 890: 880: 874: 868: 863:Story rights 862: 855:Spider-Man 2 854: 847: 846: 840: 834: 828: 822: 816: 808: 802: 796: 788: 782: 776: 766: 758: 752: 738: 730: 723: 722: 716: 710: 704: 698: 690: 684: 676: 670: 664: 658: 648: 642: 636: 628: 621: 620: 612: 606: 600: 592: 584: 576: 570:Bruce Willis 568: 562: 552: 546: 540: 532: 519: 516: 499: 497: 438: 416: 403:film trilogy 400: 374: 369: 359: 338: 326: 323:" technique. 316:Broken Arrow 314: 310: 295: 285: 271: 267: 259: 253: 237: 227: 221: 207: 202:Laura Ziskin 195: 183: 175: 156:screenwriter 154:: An A-list 149: 141: 135: 108:Story rights 107: 95: 89: 86:Adam Sandler 78: 49: 43: 37: 31: 19: 18: 1834:Film rights 1824:Filmography 1581:Videography 1509:Scenography 1420:spec script 1380:Development 1042:thenest.com 857:(2004 film) 841:Other costs 811:: $ 450,000 733:(2003 film) 673:: $ 250,000 651:Jan de Bont 631:(2003 film) 595:$ 5,568,388 535:(2000 film) 533:Unbreakable 487:New Zealand 459:U.S. states 427:(WGA), and 177:Unbreakable 74:film studio 1877:Categories 1839:Turnaround 1804:Box office 1689:Soundtrack 1684:Sync sound 1642:Editor log 1619:Production 1553:Production 1499:Storyboard 1459:Greenlight 1410:Screenplay 1398:scriptment 1372:Filmmaking 1270:2014-02-10 1209:2012-01-29 1184:2014-02-10 1131:2023-08-30 1070:2012-07-15 1066:. ABC.news 1024:References 947:Composer ( 881:Director ( 869:Screenplay 767:Director ( 753:Screenplay 649:Director ( 553:Director ( 388:litigation 292:Kanye West 287:Shark Tale 278:film score 273:Spider-Man 197:Spider-Man 151:Screenplay 126:, or as a 124:video game 1561:Film crew 1541:one-liner 1514:Rehearsal 1158:16 August 883:Sam Raimi 875:Producers 777:Producers 643:Producers 547:Producers 467:Australia 451:subsidies 364:car chase 349:close-ups 184:Producers 82:Sony hack 54:insurance 1778:Roadshow 1694:Timecode 1629:Progress 1393:Producer 1264:"budget" 1105:29 April 1047:21 April 992:See also 513:Examples 208:Director 102:Elements 1883:Budgets 1797:Related 1771:delayed 1766:limited 1504:Casting 1487:process 1415:process 1204:Reuters 1126:Variety 741:Carolco 711:Editing 501:Titanic 479:Germany 471:Hungary 423:(DGA), 120:musical 66:sponsor 1714:visual 1435:Option 981:Sahara 967:Sahara 809:Extras 671:Extras 622:Total: 485:, and 473:, the 384:audits 255:Avatar 210:: The 132:sequel 128:remake 96:Pixels 91:Pixels 26:for a 24:budget 1709:sound 1699:Music 1634:Sound 1452:pitch 1099:(PDF) 1088:(PDF) 960:Total 941:Music 848:Total 835:Music 724:Total 705:Music 613:Music 483:Malta 290:) or 268:Music 116:novel 88:film 50:other 1819:Film 1761:wide 1749:list 1638:Cost 1430:Hook 1160:2012 1107:2015 1049:2018 972:The 891:Cast 783:Cast 743:and 659:Cast 563:Cast 394:and 386:and 347:for 222:Cast 190:and 143:Halo 112:play 524:by 465:). 407:USD 258:or 212:DGA 174:'s 130:or 122:or 1879:: 1307:. 1288:. 1226:. 1202:. 1151:. 1134:. 1124:. 1090:. 1040:. 528:. 481:, 477:, 469:, 186:: 180:). 146:). 118:, 114:, 72:, 68:, 1364:e 1357:t 1350:v 1311:. 1292:. 1273:. 1251:. 1212:. 1187:. 1162:. 1109:. 1073:. 1051:. 951:) 885:) 771:) 747:) 653:) 356:. 294:( 284:( 52:(

Index

budget
film production
above the line
below the line
post-production
insurance
film promotion
film distributor
sponsor
product placement
film studio
Sony hack
Adam Sandler
Pixels
play
novel
musical
video game
remake
sequel
Leaving Las Vegas
Halo
Screenplay
screenwriter
script doctors
Columbia Pictures
Writers Guild of America
M. Night Shyamalan
Unbreakable
Film producers

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