How Do I Make My Movie? Do I Need a Movie Budget For Film Financing?

 

 

How Do I Make My Movie?  I think one of the most common questions any filmmaker would ask is “how do I make my movie”?  As a seasoned film producer I can only imagine the immense frustration of a novice movie producer contemplating this question.

 

Even with years of experience the question remains the most fundamental.   You would not be alone in wondering what is the pragmatic answer to this complex problem.   Millions and more to come will ponder this question.   As a film producer with twenty-five years of experience I have a unique perspective on this question.

Do I Need a Movie Budget? The key in my opinion is to focus on the obvious.  Money.  We need financing to make our films and finance is the profession which generates the funding.

 

So yes, you need a movie budget.   When we talk about a movie budget or a film budget we are referring to the document detailing the costs.  Often people discuss the budget of a movie in general terms.   When filmmakers talk budgets they are referring to the paper budget in most cases I would think.  The answer is a certain yes of course.

 

  

Without a movie budget at your disposal the filmmaker is at a loss.  Accurate, custom made budgets are what a financier looks at.    Of course they should be real film budget documentation from a professional line producer.

 

So How Do I Make My Film?  Here is the secret sauce:  in order to get your film financed you need money.  In order to obtain money you need a plan.

To have a plan you need a budget and a schedule.

 

With these elements you can get financing for your film.   Most filmmakers do not quite have that clarity.  That is the issue and why I created filmbudget.com to help everyone on this issue.

 

It may seem basic once someone has advised you however the most difficult task is the one contemplated in an apparent absence of understanding of the basic mechanics required to achieve results.

 

My name is Jack Binder and I am a producer of feature films including ‘Reign Over Me’ with Adam Sandler and ‘The Upside of Anger’ with Kevin Costner.

 

I founded Film Budget Inc.  and the website http://filmbudget.com to solve this divide in a fun way that lets me meet a great deal of movie directors, producers, writers, actors, studio executives and creative people of all types worldwide.

 

My budgets are accurate and proven, by myself for the major studios, independent film companies and international film finance providers.   I have been using film tax credits since the early nineties and helped write the Michigan film tax incentive (where I am from although I am based in Los Angeles and operate worldwide.)

 

Please feel free to contact me at http://filmbudget.com/contact.shtml regarding your film production, film budgeting, incentives, film finance plans or if you need a production consultant or advisor for your film or television production.

 

My Producer Credits can be found here

Thank you,

 

Jack Binder

Producer/Founder

FilmBudget.com

 

 

FilmBudget.com

5 Top Reasons FilmBudget.com is the Finance Movie Budget Expert

When it is time to seek and obtain film finance on your movie it is important to get the right movie budget from the correct source.  An inaccurate budget demonstrates a failure to appreciate the financing at risk on your production.  Here are the top 5 reasons FilmBudget.com is the worldwide film budget leader and finance movie budget expert:

1.  Film Budget Inc.  Filmbudget.com is the only worldwide movie budget service that creates custom, accurate and proven film budget and schedule packages specifically crafted for your film.

2. Founded by film producer Jack Binder Filmbudget.com has 25 years of studio and independent film and television production experience which provides for a tried and tested film budget for your investors.

3. As an ongoing film production concern in collaboration with our international production company Greentrees Films, Filmbudget.com is an active player in the international market for film production.

4. Through intense attention to market conditions, changing cost structures and rapidly advancing technology, Filmbudget.com maintains a thorough eye on all facets of production and filmmaking to keep our cost analysis current.

5.  Filmbudget.com is the only film budget worldwide service based in Hollywood with 25 years of filmmaker collaboration, experience, trustworthiness and reliability working for the major studios and indie film companies.

FilmBudget.com

Reliable, custom detail, experienced, accurate, proven, ongoing production concern with focus on industry trends, fluctuations and cost variations globally.

Filmbudget.com is the international leader in worldwide film budget and schedule line producer production services.   Quality movie budget service for film financing of your motion picture.

 

Watch the YouTube video of our Trailer Reel:

http://youtu.be/4rgZEJbKGKw

Why a Professional Movie Budget by a Line Producer is a Film Finance Requirement

 

Why is a professional movie budget by a line producer a film finance requirement?

For anyone living under a rock the last few years it should be extremely evident that the financial world was rocked, stirred and shaken.  As it begins to recover certain truths have emerged:

 

1. Scrutiny – Finance sources are under more pressure than ever to engage in more intense scrutiny of investments than ever before.

2. Risk Aversion – Capital markets have adopted a new risk aversion that makes the past laughable and seemingly like wild party days.

3. Return on Investment (ROI) – Investors were smacked over the last four years.  They want, rather need to see a strong return on investment.

 

For these three main reasons alone the intensity of the importance of a movie budget created by a professional line producer is critical.  Film financing today demands a fresh look at the markets for film distribution and correspondingly the true cost of the film budget associated with the expenditure of their funding.  A movie budget must be created with experience, be detailed, accurate and created by a veteran producer with extensive experience analyzing every aspect of the production.  No formulas, templates, sample film budget or software program can inject the knowledge of a production manager scrutinizing every detail, parameter, contingency and aspect of the movie budget that investors would expect them to have undertaken.

Filmmakers should be prepared, invest in themselves and present their investors and lenders with qualified, professional film budgets for analysis.  Shortcuts most often lead to dead ends.

 

Jack Binder

Producer

FilmBudget.com

Why is a movie budget from a line producer critical for film finance?

Summer 2012 Studio Tentpole Film Budget List

Summer 2012 is shaping up the be the summer of the most expensive blockbuster production film budget expenditure of all time.  With the Major Hollywood Studio’s revenues on decline the ‘Tentpole’ movie with its enormous budget is seen by the bean counters as the certainty in a changing and declining revenue landscape.   As digital proliferation of films, piracy, the economy and falling dvd sales take their toll on the bottom line the studios and larger indie production companies like Lionsgate / Summit are betting big on the VFX / CGI laden popcorn, super-hero action movie like never before, clearly.

With a continually more fragmented audience, growing cable channel line-ups and expanding reality television programming it has likewise become increasingly more difficult to reach the fans to put ‘bums in seats’.  Part of the calculations certainly must include the broad reach of the superhero, sequel, ‘based on the television series…boardgame…’ franchise which aids in the marketing of these productions.  Utilizing the convenience of familiarity the bet is on recognition factor.   Not detailed in the proliferation of newsworthy budget figures are the massive amounts being spent to promote these behemoths and guarantee the return on investment at this massive scale.

 

Summer 2012 Studio Tentpole Film Budget List:

The Lorax                                  $70,000,000

John Carter                              $250,000,000

Hunger Games                          $80,000,000

The Avengers                          $220,000,000

Battleship                               $200,000,000

The Dark Knight Rises             $250,000,000

Men In Black III                      $215,000,000

Prometheus                            $200,000,000  (rumored)

The Bourne Legacy                 $90,000,000 (unconfirmed)

Total Recall                           $200,000,000

 

* Film budgets are gathered from available industry trade data, news articles and published reports.  Actual film budgets are intentionally guarded secrets by the studios and released, confirmed or denied for marketing and/or corporate rationale and should always be taken with a good dose of scrutiny as to the actual figures.


By Jack Binder

Cannes Film Festival – Festival de Cannes – Marché du Film – 2012

Update:  Cannes Film Festival Screening Schedule Released

Cannes Screening Schedule | Film Budget.com

Hollywood Reporter Launches Cannes Film Festival App

Cannes Film Festival

The world famous and extremely prestigious Cannes Film Festival is upon us once again as it is each May of the year.  The festival remains the foremost event on the film calendar as the central gathering point for feature films, media, movie stars, filmmakers, entertainment business, fashion and audience participation.   As a champion of both arthouse productions with a low film budget as well as large movie budget Hollywood spectacular productions Cannes brings together the entire international cinema community which is involved in the motion picture business.

Marché du Film

The Film Market or Marche’ du Film has likewise become the most important film market event of the year thereby becoming a determining factor in the finance and production of movies and film for the worldwide markets.  Having a film at Cannes is critical to launch a film into production.

Here are the basic facts of the festival and market:

 

 

 

What:  Cannes Film Festival

When:  May 16 – 27, 2012

Where:  Cannes, France

President of the 65th Jury:  Nanni Moretti

President of Un Certain Regard Jury:   Tim Roth

Official Website:  http://festival-cannes.fr

Opening Film:  The Opening Night film is ‘Moonlight Kingdom’ directed by Wes Anderson

 

The complete list of films in competition:

 

Cannes Film Festival – Films in Competition Trailer Videos 

 Great site with listing of all the trailers for the films in competition.

 

Meet The Jurors of the Palme D’or Award – Cannes 2012

  The Jury which will decide the winners of the Palme D’or (Best Film) Cannes Film Festival award.

 

24 A-List Titles Being Sold in Cannes This Year

  A complete listing of the top films being sold by foreign sales agents this year in Cannes at the Marche’ du Film.

 

List of Titles Screening in Competition:

MOONRISE KINGDOM

DE ROUILLE ET D’OS

HOLY MOTORS

COSMOPOLIS

THE PAPERBOY

KILLING THEM SOFTLY

REALITY

AMOUR  (LOVE)

LAWLESS

DA-REUN NA-RA-E-SUH  (IN ANOTHER COUNTRY)

DO-NUI MAT  (THE TASTE OF MONEY)

LIKE SOMEONE IN LOVE

THE ANGELS’ SHARE

V TUMANE  (IN THE FOG)

DUPÃ DEALURI  (BEYOND THE HILLS)

BAAD EL MAWKEAA  (AFTER THE BATTLE)

MUD

VOUS N’AVEZ ENCORE RIEN VU

POST TENEBRAS LUX

ON THE ROAD

PARADIES : Liebe  (PARADISE : Love)

JAGTEN  (THE HUNT)

THÉRÈSE DESQUEYROUX

MISS LOVELY

LA PLAYA DC

LES CHEVAUX DE DIEU  (GOD’S HORSES)

TROIS MONDES ANTIVIRAL 7 DIAS EN LA HABANA

LE GRAND SOIR

LAURENCE ANYWAYS

DESPUES DE LUCIA

À PERDRE LA RAISON

STUDENT

LA PIROGUE  (THE PIROGUE)

ELEFANTE BLANCO  (WHITE ELEPHANT)

CONFESSION OF A CHILD OF THE CENTURY  

THE DAY HE CHOSE HIS OWN FATE

MYSTERY BEASTS OF THE SOUTHERN WILD

 

  

Written & Posted by:  FilmBudget.com | The international leader in worldwide film budget production services

 

Film Budget | European Film Festival in China 2011

EUROPEAN FILM FESTIVAL IN CHINA

Europe is marketing its movies to China and apparently, the Chinese are loving it!

 

Such is the success of the annual European Union Film Festival in China that the event, which is now its fourth year, could be expecting greater numbers than ever before!  Last year, the event expanded to showcase films in three Chinese cities and according to EU Ambassador Markus Ederer, the number of moviegoers increased from 5,000 attendees in 2008 up to 13,000 in 2010.

 

What: European Union Film Festival

 

When: November 1st – 30th 2011

 

Where: Beijing and two other cities in China (TBA)

 

The film festival, organized by the Delegation of the European Union to China and supported by the Embassy of Poland,  invited all 27 EU Member States to showcase one recent, popular and successful film.

 

The organizers of the festival hope that the event will increase the appreciation of European films and culture among the Chinese, hence paving the way for the possibility of importing European movies into China in the future.

 

The films screened at this year’s festival include a diverse mix of local flavors and a wide-range of genres from comedies and dramas to documentaries. Moviegoers can view their films of choice in commercial theatres as well as in cultural institutions.

 

Among this year’s selections are some of the following European picks:

 

France – “The Piano Turner”

 

Denmark – “Aching Hearts”

 

Italy – “20 Cigarettes”

 

Portugal –  “Beauty and the Paparazzo”

 

Each film is screened in its original language with English and Chinese subtitles.

 

Meanwhile, the European Film Academy has unveiled its nominations for the 2011 European Film Awards. You can see a full list of the nominees on their official website – www.europeanfilmacademy.org

 

Winners will be announced in a December 3rd ceremony in Berlin.

 

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Film Budget | The international leader in worldwide film budgeting and scheduling production services for film finance, production incentives and film tax credits.

FilmBudget.com

 

 

 

Film Budget .com | American Film Market (AFM) 2011 Film Finance and International Sales Roundup

American Film Market (AFM) 2011 Round-Up

 

The 2011 American Film Market is winding down at the moment and as promised, this year’s event is proving to be quite a success!   Though film financing remains a difficult proposition, projects with the right combination of well known talent, directors and strong marketing prospects funding is on the rise in combination with lenders, equity, gap,  film tax credits, co-productions, government funding and incentives.   The market is indeed hungry for quality films to distribute with solid packages, a film budget with a reasonable recoupment potential and name talent is the constant mantra.

 

Here are a list of some the deals that were made at this year’s AFM:  (updates forthcoming as we write)

 

* IM-Global takes rights to ‘The Sister’ for Europe, Latin America

 

* Universal Pictures International Entertainment has picked up rights to Content Film’s ‘Hard Boiled Sweets’ for the UK, Australia, New Zealand, Benelux and Scandinavia

 

* Drafthouse Films has picked up crime drama ‘Bullhead’ and raucous comedy ‘Clown’, for distribution in North America

 

* Sony Pictures Worldwide Acquisitions has picked up domestic distribution rights to ‘Bel Ami’, from Protagonist Pictures. The company also picked up comedy ‘Bailout’ starring Jack Black, for multiple territories including North America, South America and Scandinavia.

 

 

 

* FiGa Films has picked up ‘The Last Christeros’ (Los ultimos cristeros) by Matias Meyer, which had its world premiere in Toronto Film Festival (link to blog on Toronto Film Festival), and ‘Machete Language’, directed by Kyzza Terrazas, which had its world premiere in Venice.

 

* FilmDistrict has acquired ‘Drive’ the Nicolas Winding Refn-directed film adaptation of James Sallis’ suspense-themed novel

 

* Sierra Pictures announced the acquisition of ‘Rampart’, a crime thriller starring Woody Harrelson. The company also picked up comedy ‘Darling Companion’, which stars Kevin Kline, Diane Keaton.

 

* Tiberius Film has picked up a trio of horror sequels – ‘Piranha 3D’, ‘Children of the Corn: Genesis’ and ‘Hellraiser: Revelations’ for the German market.

 

* Exclusive Media Group picks up international rights for ensemble drama ‘Disconnect’

 

* Lightning Entertaiment picked up 7 films including ‘Brake’, ‘Columbus Circle’ and ‘Wrath’, making their world premiere debut at the AFM. The other films are ‘Boy Wonder’, ‘Bloodwork’, ‘The Trouble with Bliss’ and ‘Scents sand Sensibility’

 

* Wild Bunch acquired the international rights to Academy-Award winner Geoffrey Fletcher’s directorial debut ‘Violet & Daisy’

 

* Los Angeles-based film production, financing and foreign-sales company Unified Pictures has entered into a three-movie deal with Vancouver-headquartered production-finance group Bron Studios

 

 

 

Announcements of major financings include:

 

* Exclusive will finance Matt Damon’s ‘Yesterday’ with Focus Features handling U.S.

 

* Endgame Entertainment announced the creation of Endgame Releasing, to provide as much as $500 million in funding for marketing and distribution of four to six wide release movies per year through major studios. One of the first movies to tap into the fund will be the movie ‘Looper’  starring Joseph Gordon-Levitt and Bruce Willis.

 

* W2 Media has come on to co-finance and distribute ”The Theatre Bizarre 2,” a sequel to Severin Films and Mataluna Prods.’ ”The Theater Bizarre” horror anthology.

 

* Green Isle Entertainment has entered into an initial $60 million dollar multiple picture financing agreement for film budgets with Allegiance Capital Corp.

 

* IM Global to finance $20 million action-drama ‘Hummingbird’.

 

These are just a few of the ‘official’ announcements. With the AFM still underway, many more similar announcements are anticipated in the coming days. With deals being made fast and furious – don’t miss your chance to catch a piece of the  action! For more information on this year’s AFM, check out the blog on filmbudget.com

 

 

Filmbudget.com is the international leader in worldwide film budget and schedule line producer film budgeting production services.  Film finance and camera ready movie budget and schedule packages.

 

Toronto International Film Festival

The Toronto International Film Festival

In its 36th annual celebration of cinema The Toronto International Film Festival (TIFF) returns with a flourish of celebrity appearances and film premieres.   TIFF remains one of the most prestigious film festivals in the world, focusing the motion picture industry on quality movie productions, both those with an indie film budget and high brow studio motion pictures.

When:  September 8 – September 18, 2011

Where:  Maps and Locations

“Toronto” as it is more commonly referred to in the inner circles of film industry executives, producers, directors, writers and cinema stars has become a critical destination for filmmakers presenting their pictures and likewise promoting new films in development and production.   The festival has become more of a film market in a way as it comes right after Labor Day and kicks off the fall film festival and film market season.

Films playing at Toronto are increasingly seen as important films and the festival provides a high profile to its cast, director and production company.   Many foreign sales deals are executed with acquisitions at Toronto tending to be a bell-weather of the state of the film production and distribution international economy.  Both overseas and domestic rights deals are consistently undertaken at the festival.

Talent planning on attending this year include:  George Clooney, U2, Brad Pitt, Salma Hayek, James Franco, Werner Herzog and Adrian Brody amonst others.    Following the addition of seven world premiers to its billings the festival will present  336 films, 268 features from 65 countries, a substantial increase from the previous year.

This year portends to be a banner year for TIFF with a stellar line-up of film, eager actors and directors and a seemingly hungry market ready for quality film acquisition.   As a North American film festival with an increasingly  more European sensibility, TIFF seems to support those filmmakers whom understand the artistry of  motion pictures with a more modest film budget and a high quality story with an auteur point of view

 

 

Festival 2011

How Do I Get a Film Budget?

For many years it was not readily known how one goes about getting a film budget for their movie production.   Jack Binder, Producer of ‘Reign Over Me’ and ‘The Upside of Anger’ realized a gap in this realization back in 1997 and sought to make available for fellow filmmakers a film budget process whereby they could get a film budget for their project.  Jack Binder created the first online film budget production service.

Jack continued to evolve the concept but the basic working structure was that a film budget would be required in order for a director, actor, writer or producer to embark on obtaining film financing for their film production.  By using his extensive experience in creating motion pictures and likewise film budgets for all of his movies and television shows, Binder realized that he should have a ready answer for the many co-production partners, film finance executives, bank lenders and major studio executives who were approaching him about creating a film budget and schedule for their productions.

Finally it really hit home when reworking a film budget over and over again, that it became very evident that the process and knowledge involved was fundamental to receiving that elusive of all treasures, the Greenlight.  Through an ability to respond to questions and by knowing his film budgets inside and out, and through meticulous film budgeting experience Jack was able to remove the obstacles to getting the film into production.

Contact Filmbudget.com for an accurate and proven film budget for your production – and get that greenlight!

 

Michigan Film Tax Incentives Economic and Fiscal Impact Report

Ernst & Young just released their analysis of the film tax incentives program in Michigan.    It is titled “Economic and Fiscal Impacts of the Michigan Film Tax Credit” February 2011.

The report was commissioned by the Detroit Convention and Visitors Bureau, Grand Rapids, Ann Arbor and Traverse City, Michigan organizations.

The Fiscal Impact Report clearly states what the proponents have been stating:  the film tax incentives work, creating a thriving and job creating industry.   The Michigan film industry has grown enormously since its creation in 2008.    The study finds an economic output ratio of $6 of activity for every $1 of film tax credit.  This has translated into an $812 Million successful return for the State of Michigan on a net outlay of $127 Million.    The incentives have created over 6,000 jobs and attracted major feature film and television production to a state badly in need of investment.

Read the entire Ernst & Young “Fiscal Impacts of the Michigan Film Tax Credits” report.

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