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. Film budgeting is not for the meek. Filmmakers, directors, cinematographers, editors, vfx gurus, composers, sound people, grips, electrics … 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. We created a free cash flow spreadsheet that can track your finances mid-production. As thorough as your film budget breakdown is, you can’t account for reality. Film budget software like Movie Magic Budgeting can organize your costs, but it can’t give you real world experience. Just as a film budget usually has 4 Sections (you can have more if you want! Making a documentary, short film or feature film budget? It’s best to use the deductible amount from your production insurance policy in the budget. It often only provides the top sheet (TS) which totals the accounts and contains potential costs. It can’t be quickly taught or fully covered in a single article. 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. Writers, producers, the director and talent are included in this category. Download these 20+ Free Film Budget Templates to help you create your own Film Making Budget easily. For example, a short-form project will benefit from even 1 pick-up day with a skeleton crew. Assign the contingency amount first, before working out the budget. ), it usually has 3 levels, which I will explain. 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). And The Hollywood Reporter notes that the average cost of a feature film is even lower, spanning between$70 and $90 million. Optimism is great, but you must prepare for anything and everything that can go wrong. Beyond the project type, the genre or specifics of the project also affect the accounts especially in the production and post categories. Due to the secretive nature of Hollywood accounting it is not clear which film is the most expensive film ever made. 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. Film budgeting usually occurs in two different phases. The longer shoots have more pick-up days budgeted. The average film budget could come across to at least 1 million USD to around 20-30 million USD. There are a lot of moving parts to consider. Feature Film Budget Range Table. Film budgeting is an essential part of the filmmaking process. Got it. In the world of film budgets, Loss and damage (L&D) covers equipment that is lost, stolen or damaged. A horror film will need a higher make-up budget than say an animated kid’s flick. 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. If the AD doesn’t need the additional day, another department will. 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. Here's a list. But there are also some memo… Do you usually lump this in with overall contingency? Sample film budgets 13. Some common reasons are: There are many film budget softwares available, Movie Magic Budgeting is the standard for film and TV. You’re calculating percentage-based fees. Always include an allowance for OT in your budget even if you think you won’t need it. Many film budgets come in a bit lower, ranging from $100 – $150 million. Note: Budget numbers for movies can be both difficult to find and unreliable. Experience is the best teacher, find a mentor and run your budgets by them. While a film production budget template can help organize your pre-production, sometimes you need film budget software. 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 … It’s more than likely that your keys will spend more, and crew will work more than 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 second film budget occurs once financing is secured. 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. Whereas, a feature film shooting 30-45 days usually has at least 3 pick-ups days budgeted. To do most jobs, because you can always find a film or feature film budget samples a... 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