Top Five Film Budget Tips for 2014 | Film Budget Inc. | filmbudget.com

Compiled by:   FilmBudget.com  – the global leader in worldwide film budget and schedule production services for the motion picture industry.

FBwhite_180x180As the year draws to a close Filmbudget.com Founder/Producer Jack Binder takes a look back at what lessons can be learned from 2013 for 2014 in the feature film and television production industry. Further, we’ll discuss how they effect a movie budget at any level of production.

1. Accuracy Matters in a Film Budget

As the markets have demanded and proven, there is increased scrutiny on the film budget level and additionally individual expenditures within movie budgets. Small errors in the budget stage could yield exponentially larger impacts on a film’s overall finance scenario.

2. Quality Film Budget Expert

A quality film budget expert is critical to obtain an accurate, proven and reliable movie budget. The line producer and the unit production manager are the crew members tasked with and dedicated to the creation and execution of the production movie budget since the inception of the film industry.

 

alexa23.   The Quality of Your Film Budget Impacts Your Film Finance Success

A major decision all filmmakers must make is with whom to work with in creating the film’s budget. Whether the project is a major studio or indie film production, an accurate budget is key.  Film financiers will certainly judge you based upon the movie budget you submit to them. Unproven inaccurate film budgets will certainly make an impact, and not in a positive way.

 4.  Your Line Producer Creating Your Film Must Have Extensive Knowledge of Film Tax Credits

As a movie budget expert the line producer is constantly updating skills and must have a working knowledge on a worldwide scale.  Extensive knowledge of film tax credits, production incentives both North American and internationally is critical to bring to the film budget process.

 

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5.  Co-productions Are A Critical Element of Finance

Your line producer creating your custom, proven and accurate film budget (like Filmbudget.com Founder Producer Jack Binder) should likewise have a strong understanding of international co-productions, grants, country and regional film funds and worldwide motion picture financing.

The bottom line is that film finance, though improving, will remain frugal and risk adverse.  Obtaining a professional film budget by a line producer is a fundamental task consistently undertaken by film industry professionals.

 

‘Pacific Rim’ Trailer Released Guillermo del Toro Sci-Fi Movie | Film Budget by FilmBudget.com

Director Guillermo del Toro helmed ‘Pacific Rim’ released its first official trailer for the movie.   Previously only sneak teasers were distributed providing a glimpse of the concept of the action adventure film.  ‘Pacific Rim’ has a reported film budget of $150 million.

YouTube Preview Image

 

 

 

The film stars Bill Pullman, Charlie Hunnam, Ron Perlman, Rinko  Kikuchi and Charlie Day.   The release date is set for July 12, 2013 in 2D and 3D.

 

 

 

 

 

FilmBudget.com

 

FilmBudget.com | Worldwide Movie Budget Expert | The Location Manager

 

 

Producer Jack Binder, filmbudget.com founder, takes a look at the role of the location manager and its impact on the production and the movie budget for motion pictures and television programming.

 

The Location Manager is an extremely critical crew member on a feature film and television show production.  As a lead member and department head the location manager has a great deal of responsibility to the project that he or she is engaged upon.  Generally the location manager is hired and brought on at a very early stage in the preparation of a movie or tv program in order to assist the producer and director at the earliest point in time.

 

The responsibilities of the locations department, for which the manager is the Department Head,  HOD or Head of Department (as referred to in international productions) include working with the producer and director to determine what is required in terms of location filming.  Through meetings with the director, producer(s) and their staff they determine what the script calls for in terms of shooting locations (the places where the filming will occur, or the Set) and with the producer for the movie budget impact the choices will present.

 

Overall responsibilities of the location manager include the following:

 

-determine location requirements

-advise on locales which may be beneficial for setting, film tax credits and natural vistas

-research suggested locations to film the movie

-provide initial options for creative discussion with director

-determination of size of the location department crew members

-analyze costs for preliminary reporting to producer on potential location expenses

-obtain feedback from the director to focus creative vision on the setting for the movie

-confer with producer to ensure locations site rental fees adhere to the overall film budget of the production

-continue research and building location shooting photo library and database

-preliminary contact with location owners to determine possibility of filming at the site as required

-further meetings and presentations with director based on preliminary consultation

-selection of best choices from presented option by director

-obtaining permissions from chosen locations

-reporting to the producer on determined costs for site hire

-secondary contact with location owners to verify costs, any potential scheduling conflicts

-securing of locations (the pencil) temporary hold

-confirmation with the producer and the director

-proceeding to contract for location with the production company

-manage the scheduling of the location in coordination with the First Assistant Director

-manage the preparation of the location with all department heads

-allowance for time and space for the set decoration department

-alllowance for time and space for the grip and lighting departments requirements

-consultation with the Director of Photography for specific needs of camera and lighting for the movie

-consultation with Production Sound Mixer regarding impediments to recording quality audio and dialogue

-oversee the shooting of the production

-load in of crew

-liase with owner(s)

-accomodate neighbors, local businesses

-parking requirements for cast, crew and support vehicles

-lunch room set-up for the catering and diningn of the film crew

-utilization of on-site facilities:  restrooms, support rooms (make-up & hair, production office, etc.)

 Once armed with a directive and knowledge of the needs of the screenplay and the vision of the director, the location manager begins sourcing options for the spots to create the movie setting.  Using their own database and liaising with their colleagues options are compiled.  Through careful review of photographs, videos and online databases as well, places are ranked by favorability and detailed by the area which they are situated in.  By combining these factors with the requirements of the production, suitable places to film are narrowed down.

 

Following a preliminary collating of location photos for presentation to the above the line crew members the location manager will schedule a meeting with the producer and director for review of the options available.  These important sessions yield valuable information for the location manager to narrow down the creative vision of the director.  Likewise they will meet with the producer to ensure that the choices being presented comply with the overall film budget for the movie.  Additionally, the producer will advise if the selections presented fit into the departmental budget for locations.

 

Armed with the creative vision, the film budget parameters and available scope of the locations department budget, the location manager continues to source site for filming and potential crew members to support their responsibilities.

 

Locations crew include:

 

First Assistant Location Manager

 

The Assistant Location Manager is the right hand of the department head.  They likewise have extensive experience in sourcing and securing filming sites for productions.

 

Additional First Assistant Location Manager

 

Second Assistant Location Manager

 

Location Scout(s)

 

 © 2012 Film Budget Inc. / FilmBudget.com

FilmBudget.com Producer Jack Binder to Keynote The Royal Melbourne Institute of Technology – Digital Cinema Symposium

FilmBudget.com Founder and feature film Producer Jack Binder will give the Keynote Address at The Royal Melbourne Institute of Technology – Digital Cinema Symposium.   Binder’s (‘Reign Over Me’, ‘The Upside of Anger’) FilmBudget.com is the international leader in worldwide film budget and schedule production services providing movie budget services for producers and directors worldwide.  The event will take place on Monday, 26 November 2012 in Melbourne, Australia.

Producer Jack Binder will highlight advancements in digital cinema production, capture and acquisition utilizing the current new crop of digital motion picture cameras.  The impact on the movie budget will be discussed as it is impacted by the new technology.

Featuring movie cameras like the Panavision Genesis and the Arri Alexa, Binder will relay the state of the art fim production advancements delivered by these new technologies.  Additionally, the RED Camera, Sony F55 and even the GoPro Hero 3 will be analyzed as movie production tools that filmmakers are using today to create exciting and rich content for the motion picture market.

Binder has been producing feature films and television for twenty-five years for the major studios and independent production companies.  He is the founder of FilmBudget.com through which he creates custom, detailed and accurate film budgets for finance, investors and production companies.

 

Film Budget Royal Melbourne Institute of Technology – Digital Cinema Symposium

 

HFR: High Frame Rate Filmmaking & the Future – ‘The Hobbit’ & Peter Jackson – Film Budget

THE MOVE TO HFR (HIGH FRAME RATE)

 

This December, an attempt to revolutionize film exhibition will be made by Peter Jackson and co. with their film “The Hobbit: An Unexpected Journey”. The film will be the first of it’s kind, available in a format called HFR 3D.

 

But what is HFR, and why make the move to this format?  What is the effect on the film budget by utilizing this method?

 

HFR stands for High Frame Rate, a somewhat arbitrary name that refers to any frame rate higher than 24 frames per second, which has long been the industry standard for film capture and exhibition. In this case, The Hobbit was captured in 48 frames per second, and the HFR 3D version of the film will allow you to see those extra frames in action.

Shooting at higher frame rates is nothing new. Even most prosumer and many consumer grade cameras can shoot at speeds of 24, 30, or 60fps (if not more), but higher frame rates have never been utilized as an exhibition standard for a major motion picture. The purpose of a higher frame rate is to help reduce the “judder” or “strobing” effect. At 24 fps on a large screen, an object moving quickly across the screen, or a whip pan by the camera can be jarring, because the objects move large distances between each frame. HFR aims to fix this problem by doubling the number of times you see that object in one second, thereby filling in some of the gaps of motion between frames. Is also reduces motion blur, because each image has a shorter exposure time.

Watch the Trailer Here

This idea has been utilized for some time now for sports videos, which often shoot at 60 frames per second because of the fast-paced nature of sports. In 3D cinema, this should help with the strain some viewers experience during high action scenes with lots of movement.

But why 48? Why not use even more frames? While shooting at even higher frame rates is possible, and probable for exhibition someday in the future (assuming HFR is received well), 48 seems to be an good transition for now. By shooting at 48fps, a film can easily be converted to the old standard of 24fps by skipping every other frame. This allows studios to release their movies in both formats, appeasing those who oppose the HFR look (some say it looks “too real”, or has a soap opera look to it).

 

Higher frame rates also yield bigger file sizes and can require different technologies for acquisition and projection, meaning greater budget expense. In visual effects, doubling the number of frames can double the amount of work: A shot of Gollum talking to Bilbo now requires camera tracking, rotoscoping, etc. for twice as many frames!  The impact on a film budget can be significant.   Large movie files take more time across the workflow to handle with more man hours to execute the same scene work.  VFX expense for double the amount frames can essentially multiply the costs upward driving up the movie budget and requirement for production film finance.

In addition to “An Unexpected Journey”, HFR 3D will be used for the next two Hobbit films, and James Cameron also plans to use the new format for his upcoming Avatar sequels. “The Hobbit” will be released in 2D, 3D, IMAX, and IMAX 3D at 24fps, and HFR 3D at select theaters December 14th.

 

Worldwide Film Budget Expert

American Film Market | AFM 2012

 

As November approaches the international film industry steadfastly prepares for the American Film Market in Los Angeles.

Industry executives, producers, directors look to the AFM for a good jump on global sales of their film productions.

Foreign Sales company’s slates are evaluated and perfected.  Every film budget is prepared, evaluated and revised to meet the cost structure of the current landscape for independent film.

Marketing materials are being created, edited and finalized in preparation for presentation to the global business.

 

What:  American Film Market (AFM)

When:  October 31 – November 7, 2012

Where:  Santa Monica, California

Website:   http://www.americanfilmmarket.com/

Each year the hordes of movie executives descend on the the seaside town of Santa Monica California to make international distribution deals for their film and video productions.  Buyers from around the globe likewise are in full force looking for that next hot product but also the standard fare the makes up their day to day schedule of releases.

 

Distributors look to the AFM to increase their reach in worldwide penetration of markets and deals for their product to be licensed in every territory of the world.  Taking over the many hotels that line the beach, the companies take residence in hotel rooms and suites, fill them with staff, posters, one sheets and televisions to play dvds and hard drive trailers for prospective buyers.  It is truly a selling market, much as any industry sector would provide.

Conferences as well are a stable of the American Film Market with industry leaders, movers and shakers presenting panels and discussions on all aspects of the film business.  Topics include production, distribution, movie budget levels, new media, digital platforms and film tax credits and incentives programs.   Likewise co-production treaties are often explained and detailed by the attending experts.

 

 

Film Finance is always a central theme to the AFM and the Conference Series delivers top finance professionals discussing the current state of film finance, marketing, pitching, film festivals, VOD and streaming of film product.

Central to the AFM on the trade floors at the Loews Hotel are likewise film commissions presence in booths with staffers explaining the various territories film tax incentives regimin.   Locations executives laud their country or state for its natural or urban beauty, film tax credits or film friendly attitude.   As competition has grown for production dollars these events are seen as a critical attendance for these entities to tout their place in the production pipeline.

 

Altogether the AFM represents the fabric of the film finance and distribution world for the independent film community.  International productions are launched bought and sold here.

As the motion picture industry has evolved in the face of the global financial meltdown the importance of AFM has actually grown.   Producers must lower their film budget to meet the challenges of the marketplace and distributors must provide product for their buyers at the right price.

As Studio production has ebbed in this new world, the access to high end talent by indie film producers has increased, leading to a new crop of independent films hitting the screens of the market.

 

Produced By Conference 2012

The Produced By Conference 2012 kicks of this weekend June 8-10 at Sony Pictures Studios in Culver City, CA

When:  Friday June 8, 2012 Kickoff Pre-Event

Where:   Sony Pictures Entertainment 10202 W. Washington Blvd.  Culvery City, CA 90232    Click here for a Map

Moving over from the Walt Disney Studios lot in Burbank to the westside lot of Columbia Pictures, Tristar Pictures and all the Sony Pictures Entertainment divisions (the famed MGM studios) the conference has grown to be the largest collection of film producers under one roof.   The weekend boasts the biggest name producers and studio executives.

Last years event attracted 1200 participants  The CES (Consumer Electronics Show) is a major supporter this time out.

Speakers and panelists for the Produced By event, which is put on by the PGA (Producers Guild of America) include:

Produced By Conference 2012

Nina Jacobson (‘Hunger Games’)

Brian Grazer (‘A Beautiful Mind’, ‘Apollo 13’)

Graham King (‘Hugo’, ‘The Aviator’)

Mark Cuban (Partner ASX TV

Michael Burns (Vice Chairman, Lionsgate)

Michael De Luca (‘Moneyball’)

Lorenzo di Bonaventura

 

Mentor sessions included small groups with such high profile producers, directors and executives as:  Tim Shey (Youtube), Tracy Edmonds, Mark Gordon (Criminal Minds), Michael Shamberg, Jason Katims and many more.

Speakers also include:  Chris Nolan, Emma Thomas, Doug Wick, Shonda Rhimes, Walter Parkes and Chris McGurk

 

Nina Jacobson

 

Emma Thomas

Michael De Luca

Tracey Edmonds

James Cameron @ 2009 Produced By Conference

 

Topics will include the challenges of global film production, growing a new film company, creating tentpole movies, working within your film budget and getting independent films made.   A conversation with Chris Nolan will draw the Batman fans as well as big budget minded producers and directors.   The event is a major networking opportunity to rub elbows and actually have conversations and pitches with the movers and shakers in the film and television industry.

 

Visit the Produced By Conference website

 

Video Highlights from last years Produced By Conference

Produced By Conference video highlights from last year

 

Additional sponsors of the esteemed event include: Entertainment Partners, Quebec Film & Television Council, Raleigh Studios, Cinedigm, Dreamworks, Hulu,Youtube and Kodak.

 

the international leader in worldwide film budget services

FilmBudget.com | Film Budget Inc.

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?