How to formulate a film budget

Film/television budgets cannot be arbitrary decided upon. They are based on the number of filming days needed to produce the project. Nor can breaking down the script into “eights” accurately determine how many days will be required. The script must first be broken down scene by scene according to the characters, location, daypart, VFX, etc It is the only way to determine who and what needs to be wear and for how long. 

No matter which script program is used, more detailed information needs to be manually entered for the reports to be generated. Unless a character has dialog the program will not recognize it as being part of the scene. Scene headings will describe the place and daypart, but neither will register as locations on the reports, yet both are vital pieces of information. Any unusual props, SFX, stunts, or any time-consuming production aspect needs to be logged so that it will be listed in the reports.

Once the script has been broken down, the information is put into a spreadsheet with the locations listed at the top. Each column will further be broken down by daypart (IE day or night). Each scene is logged in by its scene number (IE scene 1) under its in the location and in which daypart it will be filmed The characters are listed beneath the scene number. Leaving an empty column between each location makes it easy to log in the estimated shoot time of each scene and to tally the total at the bottom.

When it comes to timings, scenes are not equal. A full page of dialogue between two characters will take less time to film than one with a big fight scene that is described in three sentences or one that takes place in a vehicle on the open road. When estimating how long to schedule for each scene the producer must factor in:

Travel time between locations

Day or night scene

Setup/wrap/clean up time

The experience level of the cast and crew

Animals and children

Number of outdoor scenes

weather

Visual effects

makeup/hair effects

costume changes

stunts/fights/action scenes

moving vehicles

Once this time frame has been determined for each scene, the totals are summed up at the bottom of the column to get a ballpark figure of how long the production will need to remain at each location. Union regulations and the exhaustion of cast/crew must be factored in when determining the length of the workday. A tired team is more likely to make mistakes which wastes time and could get someone hurt. Although it is not uncommon to have long workdays, the double-time,which will need to be paid after 12 hours, makes it more expensive than just adding another day at the location Additionally, it would be wise to add 1-2 extra days to the overall schedule for illness, weather, or an unseen event. However, if the script leans heavily toward outdoor scenes or those with a great deal of action, SFX, or has a large cast, it would be wise to add 2-3 days. It's better to have budgeted for them and not need than to need the time and not have room in the budget.

Theresa Chaze is available for hire to generate film/television business plans and budgets by calling 231-943-3298.

Website

The Importance of Film Comparables

Comparables give plot, genre, and rating reference points for investors and distributors. It's not enough to state the genre. Comparing it to specific films gives details that will tell others what to expect. To say that your project is a horror film, even if you qualify it with a sub-category, such as occult, suspense, slasher, etc, still lacks important details. However, comparing it to the Exorcist will elicit images of possession, devils, and exorcisms. Amityville Horror conjurers haunting, violence, and family betrayal. Ghost brings to mind ghosts, romance, untimely death, and karmic justice. The Others also contains ghostly and untimely death elements, yet its focus remains on other aspects such as the house, mental illness, and children. Texas Chainsaw Massacre creates images of violence, blood, and gore. All of them are considered to be in the Horror genre, yet each of them has specific elements that evoke a specific response from the audience. However, the comparables also invoke levels of language, violence, and sexuality perimeters. Ghost has more sexual elements than The Others. The Exorcist has more graphic violence than Amityville Horror. When properly used, comparables can be an effective asset. Within a few words, an expectation will be set that will attract the interest of some investors and distributors, while others will give it a pass. However, using inaccurate comparables will do more harm than good. Each movie that is referenced creates a presumption that if not met will reflect poorly on the project that is being promoted.

Website

The Importance of a Film Business Plan

The biggest fallacy in the film industry and in the business world as a whole is that if you write up a business plan, all you have to do is present it to investors and they will write you a check. Even if you have the greatest of all business plans in all of history, that's not going to happen. Business plans tell investors what you are going to do. The meeting and subsequent paperwork tell them how you are going to do it. The reality is that the business plan only gains the investors' interest; it is the presenter, in this case, producer, who gives them the confidence to cut checks. Whether the producers write the plan themselves or hire someone to do it, the greatest selling point is how well they know the material and how they present it.

Website