The Budgets For Movie Making 

Welcome back, my fellow film lovers! One of the most stressful parts of the filming industry is calculating how much money is needed to produce a film, as the filming crew needs to ensure they have included all the essential parts in making the film. In this blog post, I will discuss how the production team gathers together to establish a budget for not only the film but also the extra principles to consider within the final decision. 

Budgets in the Film Industry

Why is having a budget highly significant? – 

Budgeting is a crucial part of film production as it makes it easier to organize what aspects of the film need to be paid for. In this process, the production team also considers the salary each crew member receives based on their role and job as part of the team. When finalizing the budget, the main focus is to think about how much the profit would be based on the target audience’s response and the box office’s results on the first weekend since the film’s release to the public. Having a budget reduces the outcome of producing a poor and unsuccessful film for the public view, ensuring the money is used wisely.

What needs to be chosen wisely for the proper budget? –

Some of the things the production team thinks about while fixing a budget are the casting decisions, the location for every scene that takes place throughout the movie, all of the equipment used for filming, clothing, make-up, hair products, and many more.

How is the budget decided on? –

Budgeting decisions are divided into three main parts: pre-production, production, and post-production.

Pre-production budgeting involves estimating the total production cost for all aspects used to make the film. These aspects include the location, scripts, attire, props, and more. One of the most important things to look over during this process is the storyboard of each scene to organize and list the supplies needed to add to the budget. Part of the costs for the location, which may consist of just a set used within a building, can refer to the travel expenses and the required permits to film in the area that was decided on. 

The production budgeting process focuses on all elements that occur while filming. However, the two main aspects to manage are the rental costs of the equipment, such as cameras, and the salaries of the actors and actresses. In addition to these expenses, the cost of having food and proper transportation for the crew is accounted for as it maintains their safety and a healthy mind to continue to act. 

The post-production budgeting process requires controlling the cost of editing the film, sound design and visual effects, and marketing effects. Film editing, sound design, and visual effects impact concentrate on adding or removing some clips of the film as a whole and background to finalize the film. These steps are necessary to keep the movie’s creative aspect and influential impact on the public eye. Several forms of marketing are used to promote the film and attract the viewer’s attention to watch the movie right away. In the filming business, marketing can be seen as organizing screening events and premieres made for the audience the movie was intended for and the hope of other people attending these events to spread the film’s release.

The different roles that take part of the budgeting process –

During the decision of a proper budget, there are several roles each person from the production team contributes to organizing this budget, such as the producer, line producer, unit production manager, and director. The producer has the essential contribution and role of working with the rest of the crew to manage the budget wisely as they discuss the suitable way to approach the creative aspect of the film and its message. The line producer works closely with the finances within each department to keep the film’s production on track with a daily schedule, considering the necessary equipment needed for every scene. They must also control production’s legal aspects, such as finalizing permits and contacting the supply chain continuously. Like the line producer, the unit production manager keeps track of the finances used for each department and adjusts the amount of money used if the supplies are not reasonably used. Although the director doesn’t have the final say on the budget, they manage the finances of the pre-production stage of filming and ensure they choose the proper budget to exhibit their primary goal of the film’s outcome towards the targeted audience.

Thank you for reading my twelfth blog post. I hope you enjoyed reading about the essential process of finalizing a budget to exhibit a spectacular and successful movie for the public. In the next blog posts, you will learn more about the filming industry and read more movie interviews.