The Film Budget vs. U.S., International and Worldwide Gross of the Top 10 Major Studio Films 2015 | FilmBudget.com

The Film Budget vs. U.S., Worldwide Gross of the Top 10 Major Studio Films 2015

FilmBudget.com compiled a list of the film budget of the major hollywood studio movies released in 2015 versus the U.S. theatrical box office, the international theatrical box office grosses and worldwide gross theatrical revenue to compare the budget to gross theatrical revenue.

This is the Part 2 of our film budget vs. theatrical gross report following up on Part 1 which examined The Film Budget, Domestic & Worldwide Grosses of the Top Indie Films of 2015

Listed below in the chart are the top movie releases of 2015 with their corresponding film budget. U.S. gross theatrical revenue and international theatrical grosses are then combined for the worldwide theatrical box office gross figures.

A ratio is created dividing the film budget by the worldwide gross for each title for a film budget vs. gross comparison. It should be noted that this ratio excludes marketing costs, which can be equal to the movie budget of the film production. Including the studios releasing expense of Prints & Advertising (P&A) would potentially reduce this ratio metric by 50%. Likewise excluded are studio overheads and reduction of gross revenue by exhibitor returns (generally estimated at 50% although technically on a sliding scale split between theaters and the studios over the time period of release.)

Thanks to our friends at The Numbers for the comprehensive data.

Please feel free to let us know your thoughts on this analysis and contact us at info@filmbudget.com with any feedback and to enquire about our worldwide film budget and schedule line producer services offered through FilmBudget.com 

The Film Budget vs. Worldwide Gross Top Films 2015

Follow us at:

Facebook

Twitter

IMDB – Producer Jack Binder

LinkedIn – Film Budget Inc.

The 5 Steps To Creating a Professional Film Budget for Your Movie | FilmBudget.com Worldwide

5 Steps to Creating a Professional Film Budget for Your Movie

Creating a film budget for a feature film or a television show is a time honored tradition and craft of the Line Producer or Unit Production Manager. Using extensive experience in making films over many years the process draws on skills learned during these years of production and filmmaking.

To create a film or tv budget Line Producers and Production Managers apply their knowledge and process to create a real film budget and schedule which is used by financiers, investor, banks, film tax credit authorities, foreign sales companies and distributors to evaluate and execute the vision of the screenwriter and the director in coordination with the goals of the producer.

Here are the steps undertaken in creating a professional film budget & schedule:

1. Screenplay Reading – Creative Pass

The screenplay or teleplay is read for creative value and consideration first in order to take on the story, characters, dialogue and plot of the script.

The stars involved in productions Produced by Jack Binder

The stars involved in productions Produced by Jack Binder

2. Screenplay Reading – Production Pass

A second reading is undertaken to evaluate the script from a production viewpoint. Attention is paid to the overall elements, setting and style of the work.

3. Screenplay Breakdown

The next step is a complete breakdown of the total production and creative elements in the screenplay which are required to bring the production to life. Key considerations include bringing experience to bear to determine what the budget level for the picture will fall into: big budget major studio, indie film budget, low-budget or micro budget.

Cast – What level of cast does the story and production call for? How many? Will the highest level of stars be required or a variety of talent levels.

Setting/Locations – Using the Setting as a guide, location considerations are analyzed. Are there multiple countries? Multiple cities? Are there a large amount of locations or is the screenplay contained in its requirement?

Set Dressing – Is it Period? Will it require extensive Set Dressing components or will existing decorations be utilized and sufficient to achieve the vision?

Costumes/Wardrobe: Again, Period? Large Cast and various time periods which will affect the scope and amount of wardrobe required?

Special Effects: Are there needs for extensive Practical Effects (SFX)? Stunts? Pyro-technics? Mechanical rigging?

Transportation – Are there specific Transportation requirements? Travel? Picture Vehicles? Animals? to consider?

Post Production – Is the film, movie or television series heavy in VFX and CGI? Where will post production take place?

The list goes on to include all the departments and which are required to fulfill to requirements of the production. These are a few of the many, many considerations and preliminary decisions which must be analyzed during the screenplay breakdown process.

AFlogo2

4. Create the Shooting Schedule

Based upon the Breakdown and the analysis of the screenplay elements a Shooting Schedule is then created. A veteran and seasoned Line Producer or Production Manager will have great experience in creating and delivering productions based upon their Shooting Schedules which they have created over the course of time and which they have consulted and executed with the First Assistant Director and Director of their films.

  • Each day is scheduled according to the scene work balance of the overall schedule.
  • Best practices and knowledge gained over years of experience guide the creation of a realistic and efficient plan for the work to be done.
  • Scene descriptions are included in the Stripboard Shooting Schedule to guide the crew.
  • Character Identifications are included to advise what Cast members are working each day

Using the above information a Cast Schedule can be created indicating the amount and which days the Cast work. Likewise Locations Schedule and all unique equipment (cranes, rigs, steadicam, etc.) days are included in the Master Shooting Schedule.

5. Creating the Film Budget

Once these processes are undertaken we are ready to commence with the actual film budgeting for the movie. With the above information in hand realistic budgets can then be created.

Knowing the scope and scale of the production will guide this step. Is it a big budget requirement, low budget or micro-budget or somewhere in between? Is this a Major Studio movie or an independent film production? These are critical factors in the creation of the budget.

Based upon the Setting and Locations envisioned for the picture then the best production center is chosen to shoot the film. The budget will consider these factors in selecting the ideal location to base the production.

Creative consideration is the top priority: can we shoot what the screenplay calls for in this particular region, country and city?

Production viability is then determined. Is there a sufficient film production crew base at this location? Will crew members need to be transported to this location? Is there adequate production support for equipment, materials and services? Hotels?, etc.

Next, finance consideration is analyzed. Assuming the best location is chosen for the creative and production value, what local film tax credit or production incentive is offered by this geographical area?

Countries worldwide offer film tax credits and incentives to film in their region. U.S. States likewise offer lucrative film tax incentives to draw production dollars and generate economic impact in their locales. Your film financier will most definitely consider and insist upon this as a key factor in choosing a location to shoot the movie or tv program.

Based upon these factors, with the right location chosen to shoot, the costs are then calculated.

What are the local crew rates?

What are the local materials and services needed and how much do they cost?

What are the costs of getting the cast and crew to the location?

All of these decisions are evaluated and the studio or indie film budget process gets down to the nitty-gritty of evaluating the costs of each element involved in the production. Cast fees, location expenses, production crew, logistics, travel, permits, etc. are included.

All productions are unique and each must be analyzed individually. The overriding goal is the create the greatest production value for the most efficient price.

Once these matters are analyzed and included based upon extensive experience the final step is to ensure inclusion of all expenses, including: Completion Bond, Insurance, Contingency, Finance Costs, Union and Guild Health & Pension costs, Cast Perks, etc. to create a realistic budget for the movie production.

While this is a summary of the work and knowledge that goes into the film budget process it is certainly not complete but should give an approximate overview of the process.

Financiers, Producers, investors, government institutions, production companies and sales companies rely on the accuracy of the work of the Line Producer or Production Manager to effectively and precisely understand and present the true cost of bringing the film to the screen. Small errors can compound to create enormous gaps in the overall financing of the film which can seriously impact the completion and delivery to distributors and therefore returns to investors.

cropped-finance-film-budget-for-investors.jpg

Contact FilmBudget.com to obtain an instant quote on your film for a professional film budget and schedule, film tax credits and production incentives analysis and Film Finance Plans for your production.

Film Budget Inc. has created hundreds of budget and schedule packages for individuals, the Major Hollywood Studios, Mini Majors and independent production companies, financiers, investors and banks in addition to all of those of our own projects.

Jack Binder is Major Studio and Indie Film Producer with over 25 years of experience and the Founder of FilmBudget.com

FB_GT_poster_banner

Jack has served as an On-the-Lot Producer at The Walt Disney Company and Columbia Pictures (Sony Pictures Entertainment) and as the responsible Producer on productions for those Studios as well as New Line Cinema, Lionsgate Films, HBO, Sunlight Productions and many more major and independent film and tv production companies.

Binder’s international film production company is Greentrees Films

profile

FilmBudget.com Founder & Producer Jack Binder Producer Credits

Producer Credits for Producer Jack Binder Founder of FilmBudget.com & Greentrees Films

Producer Credits for Producer Jack Binder Founder of FilmBudget.com & Greentrees Films

Actress Keri Russell, one of the stars of the new comedic drama film "The Upside of Anger," poses as she arrives for the film''s premiere in Los Angeles, March 3, 2005. The film stars Joan Allen who plays a suburban housewife with four young adult daughters who is left to raise them on her own, but soon falls in love with a neighbor played by Kevin Costner. The film opens in Los Angeles and New York March 11. REUTERS/Fred Prouser PREMIERE

Actress Keri Russell, one of the stars of the new comedic drama film “The Upside of Anger,” poses as she arrives for the film”s premiere in Los Angeles. The film stars Joan Allen who plays a suburban housewife with four young adult daughters who is left to raise them on her own, but soon falls in love with a neighbor played by Kevin Costner. The film opens in Los Angeles and New York March 11. REUTERS/Fred Prouser PREMIERE

FilmBudget.com

The International Leader in Worldwide Film Budget and Schedule Services

Follow us on:

Facebook

Twitter

LinkedIn

Why it is Critical to Obtain a Professional Film Budget & Why Whom Creates Your Film Budget Matters As a Reflection Upon Yourself the Filmmaker & Your Team

Why it is Critical to Obtain a Professional Film Budget and Why Whom Creates Your Film Budget Matters As a Reflection Upon Yourself the Filmmaker & Your Team

Your movie budget is a reflection on you, the filmmaker and your team. A professional film budget is critical to obtaining film finance, production and distribution for your film.

In the world of film finance and movie production the figures are more significant then ever. The details and reliability of the figures created in your movie budget by a veteran line producer are critical to the success of the film you are setting out to make.

What is often not appreciated is the compounding nature of those numbers which can lead to make the financing elements largely in error.

film budget movie stars

As the basis for the funding equation which goes into the packaging of the equity, pre-sales, debt and gap financing elements to finance your film, your movie budget is enormously important in that it be accurate and all inclusive.

Likewise the quality of the line producer’s credentials, associations and experience a filmmaker chooses to engage to create their budget lends significant value to your film stature, finance plan and the funding package overall.

The importance of having a film budget and schedule created for your screenplay for potential buyers is widely known and accepted in sophisticated film finance circles. So much so, that it is the first question asked when a project is submitted: “can you send us your budget?”

FilmBudget.com is the international leader in worldwide film budget and schedule production services, and creates accurate and proven film budgets for filmmakers.

FilmBudget.com

The benefits leading to your script being picked up by someone having already been budgeted and scheduled, the advantages are numerous. For one, putting forth the effort to create a film budget and shooting schedule for your film production immediately sets your script ahead of the ones whom have not taken this key step.

Knowing the cost of producing a film is critical to obtaining financing and distribution. Being able to articulate to an interested party how much funding will be required to produce a film enables them to make multiple decisions which they would not necessarily be bothered nor able to entertain with a screenplay alone, for which one presumes they might receive literally thousands.

Additionally, this effort and resourcefullness demonstrates initiative on the part of the writer/producer/director to ascertain the fundamental fact of the film production: the cost to produce the film.

Further to this point, knowing the cost of the film production overall and where it will be shot, aids in determining what film tax incentive amount the filmmakers might expect to receive from local government institutions, funds, grants, etc. Knowing the budget of the film enables a buyer to be able anticipate what type of foreign sales (advances) they might be able to expect as well.

This all leads to potential purchasers to able to figure what amount of equity, or hard cash, will then be required on their part, or their financiers, to proceed to produce the film.

So knowing your cost of production sets you and your film apart from others submitting only a screenplay, as one which has made the effort to enable the key factors required to make an informed decision. It also conveys your commitment to getting the film made and willingness to  have an understanding of the process of filmmaking, for the budget and schedule is a roadmap to the production.

It is a reflection upon you and your team that you have undertaken to understand how the film will be made by having a professional film budget and schedule created for you by a veteran line producer, for what you will then have, a package, not just a screenplay, to present and they, to investors and financiers.

Contact FilmBudget.com to obtain an immediate quote on our services, which include a finance and camera ready film budget and schedule package, film finance plans and film tax credit analysis and production consulting.

Follow us on:

Facebook

Twitter

LinkedIn

AFlogo2

Top 10 Movie Grosses vs. Film Budget for Independent & Major Studio Releases 2014

FilmBudget.com compiled a report of the top ten indie film and major Hollywood studio movie grosses vs. the film budget for each listed movie released in 2014. While the film budget is not a direct correlation to the success of a movie it does provide an indicator of what the marketplace is responding to as compared to the relevant budget number.

Gross revenue figures are for domestic U.S. theatrical box office data which are current as of the date of this writing.  By using up-to-date figures the date of release is removed as a variable in the reporting of domestic theatrical revenue totals.

To create a breakdown of cost vs. revenue we looked at the widely reported expense of making the film production. P&A Marketing and release expenses are not included in the budget information provided.

Independent Film Release 2014 – Film Budget vs. U.S. Box Office Gross To Date

Indie Film Title                              Film Budget                   U.S Box Office Gross

The Grand Budapest Hotel              $31 million                            $59 million

St. Vincent                                       $13 million                            $43 million

Chef                                                 not available                         $31 million

Boyhood                                          $  4 million                            $24 million

Birdman                                           $22 million                            $24 million

The Theory of Everything                 $15 million                            $23 million

The Imitation Game                         $15 million                            $20 million

Wild                                                $38 million                            $38 million

A Most Wanted Man                       $15 million                            $17 million

Begin Again                                    $ 8 million                             $16 million

 

Major Hollywood Studio Release 2014 Movie Budget vs. Box Office Gross To Date

Movie Title                                                       Movie Budget     U.S. Box Office Gross

Guardians of the Galaxy                                       $170M                 $330M

The Hunger Games: Mocking Jay – Part 1           $125M                 $337M

Captain America: The Winter Soldier                   $170M                 $260M

The Lego Movie                                                  $  60M                 $258M

Transformers: Age of Extinction                          $210M                 $245M

Maleficent                                                           $180M                 $241M

X-Men: Days of Future Past                                $200M                 $234M

The Hobbit: Battle of the Five Armies                  $250M                 $255M

Big Hero 6                                                          $165M                 $222M

Dawn of the Planet of the Apes                          $170M                 $209M

 

Contact:  www.FilmBudget.com     info@filmbudget.com   Tel: +1 310-899-1522

Follow Film Budget Inc. :

Twitter:  FilmBudget 

Facebook:  Movie Budget

LinkedIn:  Film Budget Inc.

 

© Film Budget Inc. 2015 All Rights Reserved

SXSW 2014 Update | Film Budget Inc. | filmbudget.com

A City Fit for Movies

Far from Silicon Valley, Hollywood, and New York City, SXSW hosts one of the year’s biggest events for entertainment and tech junkies alike. Holding true to the state’s mantra, “everything’s bigger in Texas,” SXSW is much more than one particular type of festival; it’s a music festival, movie festival, and interactive conference.

sxsw_generic_mgn

Is Austin an unlikely city for such an event? Of course not. From a filmmaker’s perspective, Austin is a vibrant market as well as a proven city to produce movies. Do ‘True Grit,’ ‘Dazed and Confused,’ The Tree of Life’ ring a bell? That’s right, they were all made in Austin. Need more proof the city is an important force in the movie industry? Check out the Austin Film Commission’s website.

A Festival in Three Acts

As mentioned before, SXSW is essentially three festivals rolled into one. The music portion begins tomorrow and ends the 16th. The film festival spans from March 7-15. Ending tomorrow, the interactive festival took place from the 7th to the 11th.

Interactive

Arguably the most talked about moment of the festival thus far, Edward Snowden spoke to crowds via videocast in a recent event. Though the quality was reportedly lousy, Snowden managed to answer intriguing questions that were submitted via Twitter. Despite the highly controversial nature of his actions, and all around “bleak” revelations of our Nation’s privacy, the discussion revealed some optimistic moments. As reported in an online article by TIME magazine,

“Snowden’s revelations have led companies such as Google and Yahoo to bolster their security measures, which helps protect online data from being watched by government eyes.”

In addition to Snowden’s virtual appearance, the interactive festival offered a tremendous amount of wisdom and information from a series of events, speakers, and brilliant minds. From web design to dinosaurs, SXSW-Interactive never ceased to inspire.

Music

Spanning almost every genre, the 2,200 acts performing at this year’s SXSW offer something for every music fan. From Hip-Hop giants Wiz Khalifa and Kendrick Lamar (Kendrick is headlining the I-tunes sponsored show) to the Irish hard-rock group Strypes, Austin promises to tear the roof off. Check out The Wall Street Journal’s guide to 20014s music festival.

Keep in mind, the music portion of SXSW is much more than just live shows. For instance, Lady Gaga will be the much talked about Keynote speaker this year. Read more about it here.

Movies

“You go in, it all goes dark, and you put yourself in someone else’s shoes and see through their eyes. That’s just mega, it’s so powerful. Even a painter, who can do it, only can do less. A painter at one time is showing you one frame, but a filmmaker can take you into an experience and an existential atmosphere that may be a trip for you.” – Tilda Swinton on How She Feels About Cinema

It’s moments such as Tilda Swinton’s hour-long talk at SXSW that inspires the next generation of great actors, actresses, and filmmakers. Whether it be talks, screenings, or events, the SXSW film portion is sure to get things going for spring.

World premieres include director Carlos Marques Marcet’s Spanish flick ‘Long Distance,’ Shawn Christensen’s ‘Before I disappear’ and five other fantastic projects all up for competition. In addition to indie, world, and documentary cinema, this year hosts five headliners.

With a movie budget of $6 million dollars, director Rob Thomas’ ‘Veronica Mars’ has already received much media attention from its screening.

veronicamars3

Other headlines include: Nicholas Stoller’s ‘Neighbors’ starring Seth Rogen and Zac Efron, David Gordon Green’s ‘Joe’ starring Nicolas Cage, John Favreau’s ‘Chef’ starring Scarlett Johansson, and Michael and Peter Spierig’s ‘Predestination’ starring Ethan Hawke. For a full list of the festival’s screenings click here.

And the Winners Are

A great time was undoubtedly had by all, but none more so than the winners. Here’s a brief rundown, courtesy of Indiewire.com, of this year’s best. Congrats, filmmakers!

Grand Jury Winner in the Narrative Feature Competition: ‘Fort Tilden’

Sarah-Violet Bliss & Charles Rogers’ ‘Fort Tilden.’ Read more about the movie, made with a low indie-film budget, here.

Grand Jury Winner in the Documentary Feature Competition: ‘The Great Invisible’

In what Variety describes as a “deeply sobering and sympathetic new documentary,” The Great Invisible reveals the aftermath of the tragic 2010 BP oil spill.

Special Jury Recognition for Courage in Storytelling: ‘Animals’

Screenwriter David Dastmalchian’s story of two drug addicts in love.

Special Jury Recognition for Best Acting Duo: 10,000 km (Long Distance)

Natalie Tena and David Verdauger.

Special Jury Recognition for Political Courage: ‘Vessel’

Director Diana Whitten’s documentary about the travels of Dr. Rebecca, who provides abortions on the high seas.

The Best (and Worst) of the Rest

Though there may not be an official award for ‘Good Music Moviemaking,’ Flavorwire’s article SXSW Film 2014: The Best and Worst Films of SXSW reveals, in their opinion, the winners and losers of more specific categories. Check it out!

Jason_Bateman_Bad_WordsJason Bateman’s ‘Bad Words’

Need inspiration? SXSW hosts a wealth of discussions, interviews, and panels. In fact, they’re even hosting a discussion on how to be successful at other festivals. An indie-filmmaker’s dream.

Stay updated on the latest SXSW news by following us on Twitter and liking us on Facebook!

Do you have a script, project, TV pilot, etc. you need financed? It all begins with a professional budget. Visit our website to learn how we can put our 25 years of producing experience to work for you!

Sundance Follow-Up | Film Budget Inc. | Filmbudget.com

2014 Sundance Film Festival

Another year, another exciting festival. As the catalyst of the independent film world ends, industry insiders, fans, distributors, and, of course, sponsors, brush the snow of their jackets as they now prepare for Europe. So, what’s the condition of the indie-movie world? Is there a new ‘Fruitivale Station’ on the map? Damien Chazelle would certainly like to think so. As his film gave audiences and distributors alike a welcomed ‘whiplash’ of creativity, many other movies followed suit – wrapping up tons of deals. That being said, here’s a rundown of Robert Redford’s brilliant festival.

Park-City-Sundance-2014Damien Chazelle’s Incredible Debut

If you aren’t familiar with the name Damien Chazelle, then you may want to reconsider. His first feature, ‘Whiplash’, just took home the Grand Jury and Top audience awards in the U.S. dramatic competition. The film, about an aspiring jazz drummer, opened the festival with rave reviews. Though a movie about Jazz may seem appealing to only a niche audience, many claim it strikes chord with the human spirit, though be it, a painful one.

“Anyone who’s ever had a high school or college teacher make it a point to manipulate or mess with students’ lives will no doubt have relatable, and possibly painful, memories revived by this vivid portrait of a music school at which the program, run by its star instructor, closely resembles the boot camp presided over by R. Lee Ermey in Full Metal Jacket.” – Todd McCarthy, The Hollywood Reporter

The top two prizes weren’t the only thing the Film took away from Sundance. After its successful debut, ‘Whiplash’, made with an indie movie budget of $3.3 Million, was picked up by Sony Pictures Classics. The deal included the rights for North America, Germany, Australia, and New Zealand.

Whiplash-2014-3Based on a Damien Chazelle’s own short film by the same name, ‘Whiplash’ delves deep into the struggles of an artists, and lets his stellar cast come alive. The stand out performances by J. K. Simmons and Miles Teller are what made this film a favorite. For instance, in a review on The Daily Beast, Marlow Stern claims, “In the case of Chazelle’s film, it’s best to throw logic out the door and give in to the riveting performances and compelling underdog story.” It should be interesting to see if Damien’s talented directorship, and the casts’ brilliant performances, are enough to sell jazz to major audiences.

Other Winners

‘Rich Hill,’ a documentary about a family from Missouri hit hard by poor financial times, took home Grand Jury Prize for U.S. Documentary. The film was directed by Tracy Droz Tragos & Andrew Droz Palermo.

Upstart Brooklyn Media company, Vice Media, made waves at the festival with its film ‘Fishing Without Nets.’ The director of the Somali Highjacking movie, Cutter Hodierne, won the directing award in U.S. Dramatic.

fishing_without_nets_a_l

Collecting the World Cinema dramatic grand jury prize was director Alejandro Fernandez Almendras’ ‘To Kill a Man.’ As for world cinema documentary grand jury prize went to Talal Derki’s tale about a soccer star and activist – ‘Return to Homs.’

A final thought, an article in the LA Times on  Sundance Winners claims success at Sundance, particularly in the awards department, does not always spell box-office gold. The article mentioned past winners, ‘Fruitival Station’ and ‘Beast of the Southern Wild,’ as being large critical hits, while only creating minor stirs at the box office.

Other Notable Sales

Focus Features: Zach Braff’s ‘Wish I Was Here’ sells for $2.75 million despite its flat reception and “stale jokes.” The film was made on a movie budget of $3.1 million, raised on Kickstarter.

‘Happy Christmas’, starring Lena Dunham and Anna Kendrick sells to Magnolia and Paramount. According to TheWrap.com, “Under the pact, Magnolia Pictures is handling U.S. theatrical and VOD distribution, while Paramount Home Media Distribution will manage U.S. physical home entertainment and all international rights. Magnolia is planning a summer 2014 release.”

‘Dinosaur 13’ – CNN Films and Lionsgate purchased this documentary about a lost T Rex Skeleton. The deal was for $1 million dollars, what Daniel Miller of the LA Times called, “a robust price for a festival documentary.”

‘Laggies’ – A much talked about performance by the lovely Keira Knightley sells this film’s North American rights to A24 for $2 million.

Parties and Events

“An Artist at the Table” held at the stein Erikson Lodge, saw a  320-person dinner of donors, celebrities, and board members. In attendance was Breaking Bad star Aaron Paul, promoting his new film “Hellion”

AATTBlog_3Grey Goose was the sponsor of choice for premiere parties, playing host to “Wish I were Here” and “Laggies” events.

Amongst the many film parties, tailgaters for the NFL playoffs, including the cast of ‘Cooties,’ cheered on their favorite teams.

A more interesting celebration was for Perri Peltz and Geeta Gandbhir’s new documentary ‘Remembering the Artist Robert De Niro Sr.’ The doc captures the life of legendary actor Robert De Niro’s father, who was a figurative painter. Bradley Cooper and De Niro were in attendance.

Corporate sponsors, including SoulCycle and Eddie Bauer, offered a chance for fitness between the eating and drinking. It wasn’t uncommon to see a celebrity taking on the Eddie Bauer Adventure House’s rock climbing wall.

Crowd-funding the Future of Indie Cinema

445510006_640Zach Braff wasn’t the only product of Kickstarter and Indiegogo. In The Hollywood Reporter’s Sundance Trend: Kickstarting the Homestretch the struggle for up-and-coming filmmakers wasn’t just getting into the festival, it was finishing their project in time for Sundance. Many films, including ‘The Foxy Merkins’, relied on crowd funding to cover expensive post-production costs in order to complete their films. “Twenty selections for this year’s festival raised money on Kickstarter, the largest number to date.” – Chris O’Falt. Crowd-funding is the more attractive alternative to bringing in another equity investor. It seems movies made on an indie film budget are getting back to the roots of what being independent is all about.

For the latest movie industry news, follow us on Twitter: @FilmBudget

For more information on day-to-day Movie Industry news, Like us on Facebook.

 

 

Sundance Film Festival | Film Budget Inc. | Filmbudget.com

Sundance Film Festival 2014

2014 will mark the 30th year for the Sundance Film Festival; a festival known as an integral stepping stone for brilliant independent projects to reach global audiences. But as technologies in production, distribution, and exhibition rapidly change independent cinema, will the festival follow suit?  Nate von Zumwalt, editorial manager at Sundance.org, thinks not:

“As independent film has evolved from its renegade-spirited roots to an “accepted form of creative expression,” the tenets of the Sundance Film Festival remain unaffected.”

As the snow descends on Park City, Utah, so will the industry, with hopes of discovering the next great movie, director, and star. Last year’s festival introduced the world to Ryan Coogler, writer & director of the poignant film Fruitvale Station. With his directorial debut, Coogler used the Sundance institute (the film first made its presence at 2012s screenwriter’s lab) to show the world the story of Oscar Grant, a 22-year-old man from the Bay Area who was tragically shot and killed by BART officers. The story, film, and acting moved the audience, as well as the institute, so much that it went on to win the U.S. Grand Jury Prize for Drama. Arguably, if it weren’t for its attention at Sundance, the film may not have earned as big of an applause at Cannes, or gone on to gross over $16 million on a indie film budget of less than a million dollars.

339696_3166666286983_1275207063_3290232_1880164127_o

As a tremendously exciting fall comes to a close, the movie industry eagerly awaits an even more tremendous start to 2014. As a result, this year’s Sundance Festival is guaranteed to be as important, exciting, and moving as years past.

Where: Park City, Utah

When: Jan 16-26

Tickets: There are many ways to obtain a ticket to the festival. Festival passes are a great way to ensure access to the best stuff. Further, the two passes that are still available include: Eccles Pass B ($1,500), and Express Pass B ($3,000). All of the ticket packages are currently SOLD OUT, but individual tickets for access to a single screening will be on sale for $20. Open tickets sales begin January 14th.

tumblr_lvnnjgYRIx1r1kfkzo1_500

Lodging: Make sure you plan and book your hotel rooms early. The official website offers an easy way to see what types of lodgings are available. Hotels include:

The Caledonian **** $2,999 avg/night

Best Western Plus Landmark Inn & Pancake House *** $369 avg/night

Sundance Mountain Resort **** $482 avg/night

Transportation: Info on ground and air transportation can be acquired here.

Program: The festival is composed of fourteen different film categories, including Sundance Kids, Midnight, U.S. Doc, World Doc, Next, Premieres, Shorts, Shorts Programs, Spotlight, Sundance Collection, U.S. Dramatic, and World Dramatic. In addition, panels, music, and media installations enrich the already dynamic festival.

2014 Screenwriters Lab

Recently, the Sundance Institute released the twelve projects that will be taking part in their annual Screenwriters Lab. From the tenth to the fifteenth, established advisors, new talent, and industry professionals will assemble at the Sundance Resort, with hopes of developing the next Grand Jury Prize winner. Nigel M. Smith of IndieWire.com describes the advantage as, “The annual workshops give selected films a leg up in the independent film community in terms of financing and representation.” With Quentin Tarantino, Naomi Foner, and Patty Jenkins, among others, working as creative advisors, this year’s screenwriters lab is much anticipated. Below are just a few of the projects, for the full list click here.

The Father’s Shadow – Written/Directed by Gabriela Amaral Almeida (Brazil)

Lynch – Written by Nicole Riegel (U.S.A)

The Buried Life – Co-writers/Co-directors Averie Storck & Joan Stein Schimke

Manchild – Written/Directed by Ryan Koo (U.S.A)

Stranger With a Camera – Written/Directed by Oorlagh George (Northern Ireland/U.S.A)

Movies

After much anticipation, the world premiere of director Zach Braff’s follow up film to his insanely successful Garden State, will take place at the Sundance Film Festival. Inspired by Veronica Mars‘ crowdfunding campaign, Braff used Kickstarter to raise the $2 million movie budget for his latest project, Wish I Was Here. On top of co-writing (with the help of his brother Adam) and directing the film, Zach will play the protagonist, a 35-year-old father struggling to find himself. The film will also star Mandy Patinkin, Josh Gad, and Kate Hudson.

Wish I was Here isn’t the only Sundance film with a unique movie budget. Also making its world premiere is director Tim Sutton’s feature film Memphis. Created on a film budget of only 150,000 euros, the movie is one of three projects made possible by the Biennale College – Cinema, a workshop intended to create mini-budgeted films.

listen-up-philip

On top of all the new talent, this year’s festival will be composed of many seasoned directors and actors pushing the boundaries of storytelling. For instance, God’s Pocket, starring veteran actors Richard Jenkins and Philip Seymour Hoffman, will compete in this year’s competition. Other stars with projects competing in Sundance include, Anne Hathaway in Song One, Kristen Stewart in the Guantanamo Bay drama Camp X-Ray, and Jason Schwartzman in Alex Ross Perry’s Listen Up Philip. For a full list of this year’s line-up, click here.

 

 

 

 

 

Berlin International Film Festival | Film Budget Inc. | Filmbudget.com

Berlinale: 64th Berlin International Film Festival

As the 2014 movie season kicks off in Park City, Utah, exciting things promise to continue as Berlin hosts its 64th International Film festival shortly after. Always an international hub for the arts and culture, the historic German city is set to draw much attention this year. With big names premiering even bigger movies, cinema fans will find much to discover and discuss. As any high-profile festival should, Berlin will screen films spanning all genres, languages, and movie budgets. In addition to the films themselves, the European Film Market and Co-Production Market are guaranteed to generate many exciting deals.

Berlinale-film-festivalWhere: Berlin, Germany.

When: 6th (Thursday) – 16th (Sunday) February, 2014.

Venues: This year’s venues are yet to be announced. Last year’s festival’s events took place at the Marriott Hotel, MGB, Gropius Mirror Restaurant; movie screenings were held at Cinema Arsenal, Cubix, Colosseum, just to name a few.

Where to Stay: According to the official website, the festival has partnered with local hotels to offer a limited number of rooms to accredited professionals. These hotels range from one to five stars, which can be viewed here. Prices vary amongst the hotels; for instance, five-star hotel Hilton Berlin can be upwards of $500 a night (for a king guestroom). Other partner hotels include:

Hotel ADLON Kempinski (*****)

Crown Plaza Berlin City Centre (****)

Hotel Gat Point Charlie (***)

Motel One Berlin Tiergarten (**)

 

Tickets: As usual, tickets will be available through the festival’s website, as well as box/ticket offices. Advanced ticket sales will begin one week after the official programme is published at the end of January.

Special Presentations: With a goal to “open up new perspectives” on how film and other creative disciplines intersect, the festival has two special presentations planned. These include, “Berlinale Goes Kiez” and “Native – A Journey Into Indigenous Cinema.”

Awards: Films will be competing for a slew of amazing prizes and honors. Selected by a prestigious international jury, Silver bear awards will be presented for best director, actor, actress, outstanding artistic contribution, script, and the jury grand prix, as well as the illustrious Golden bear for best film. Romanian film Child’s Pose, made with an indie movie budget of only 850,000 euros, took home the award last year.

George Clooney headlines High Profile Debuts

George Clooney’s first project in the director’s chair since The Ides of March, The Monuments Men has officially announced it will make its international debut in Berlin. The film, starring Clooney, Bill Murray, Cate Blanchett, Matt Damon, and many others, tells the story of a motley crew platoon that must go behind enemy lines to rescue stolen works of art.

the-monuments-men-jg-gc-636-370

The universe seems to be in Clooney’s favor these days, as a coincidental nazi-art loot discovered in Munich times nicely with the release of the film. The Wall Street Journal reports Sony Pictures Spokesman Steve Elzer as saying “You could not ask for a more timely, topical or relevant discovery that corresponds to the events depicted in our upcoming film.” With a film budget of $70 to $80 million, a successful Berlin debut will play a large part in the movie turning a profit.

A Grand Opening

Internationally admired auteur Wes Anderson will open the festival with his latest film The Grand Budapest Hotel. Causing much buzz with its trailer, the film seems to posses the same likable qualities of Anderson’s previous films, making it a smart choice as the opener. According to ropeofsilicon.com, the movie recently received an R rating, suggesting it is more mature than his previous film, the light-hearted Moonrise Kingdom. The rating shouldn’t signal any box-office troubles, since his previous R-Rated films, such as The Royal Tenenbaums, grossed over $71 million internationally on a movie budget of $21 Million. This is the first of Anderson’s films solely written by himself, utilizing collaborations with Roman Coppola and Owen Wilson in the past.

the-grand-budapest-hotel-owen-wilson-636-380European Film Market

In addition to the festival, Berlin will also host an international film market. Similar to the AFM, the European Film Market will work as the business center of the festival; allowing producers, distributors, and other professionals to network and make deals. The official page describes it, “as a barometer for the upcoming year in film.” The market will take place at the Martin-Gropius-Bau renaissance hall. Projects with large and small film budgets will be given equal opportunity to pitch their movies to industry elites. In addition to the Film market, a co-production market will take place from the ninth to the eleventh. According to the website, “The Berlinale Co-Production Market is a two-and-a-half-day event for about 450 international producers, sales agents, distributors as well as broadcasting and funding representatives active in the field of co-production.”

Berlin World Premieres

With such classics as Hiroshima Mon Amour (1959) and Last Year at Marienbad (1961) on his resume, it’s no surprise Berlin is excited to have the french director Alain Resnais’ new film as part of its official selection. The new film titled Aimer, Boire et Chanter, starring Sandrine Kiberlain, marks the french director’s fiftieth director credit, according to IMDB, and will have its world premiere in Berlin.

Other exciting Berlinale news includes, the world premieres of director Yann Demange’s ’71, starring Jack O’ Connell, Yannis Economides’ Stratos (an international co-production between Greece, Germany, and Cyprus), German Dominik Graf‘s Die geliebten Schwestern, and Claudia Llosa’s Aloft, starring Jennifer Connelly. According to the Hollywood Reporter, Aloft is the Peruvian director’s English-Language debut. Her second feature, The Milk of Sorrow, won the Golden Bear back in 2009.

Outside of the competition, Pascal Chaumeil’s A Long Way Down, starring Pierce Brosnan and Aaron Paul, will make its world premiere. The film, an adaptation of Nick Hornby’s novel, is about four people forming a surrogate family in order to deal with their own personal problems.

Screen Shot 2013-12-17 at 10.29.25 AMAustralia’s The Turning, a collection of short films based on stories by Tim Winston, will also have a special screening. The movie has eighteen director credits including, Tony Ayres, Jub Clerc, and Ian Meadows. With an incredible cast, starring Cate Blanchett, Hugo Weaving, and Rose Byrne, the omnibus film is sure to cause a buzz at the festival.

Like our Facebook page for the latest festival news.

For the latest movie industry news, please follow us on Twitter: @FilmBudget

The Future of Netflix | Film Budget Inc. | FilmBudget.com

FilmBudget.com is the international leader in worldwide film & TV budget and schedule production services.

FBwhite_180x180

A Company in Peril

netflix-logo-close/bgr.comRemember when Netflix was under fire for falling stock prices? It seemed that the movie-streaming giant had hit a wall, leaving its millions of subscribers at the will of up-and-coming competitors. Investors panicked as the press published pessimistic outlooks, claiming Netflix must change something. For example, Jason Gallagher of YAHOO! news stated, “Only a major acquisition or innovation can save the company from being swallowed up in a storm of streaming options, and time will tell which direction it is going to go.” That was back in the spring of 2012, but what about now? Turns out Netflix is still around, and doing quite well.

Original Series: Big Move For Netflix

So how well is Netflix doing? According to The Hollywood Reporter, its stock has grown 445 percent in just a year. But stocks aren’t the only thing gaining momentum, as the company’s revenue increased from $905 million to $1.106 billion. Why the immense success, when just a year earlier major publications were foreseeing its demise? The answer is original series, which aren’t just any original series, but critically-acclaimed sensations. Spanning many genres, Netflix has gained an incredible amount of new subscribers thanks to excellent original shows, such as House of Cards and Hemlock Grove. Despite its lack of star power, the streaming site’s most popular show, Orange Is the New Black has gained a huge following thanks to its positive feedback.  Also, Netflix gained much attention by releasing the highly anticipated new season of the cult hit Arrested Development. Check out this list of ten Original shows to watch. According to Variety, 1.29 million new subscribers were added in just three months. With those kinds of numbers, its no surprise Netflix plans on doubling its Original Programming budget for 2014. In addition to doubling, Andrew Wallenstein of Variety reports “the streaming service announced a significant shift in its accounting practices regarding original programming that will see it accelerate spending on series like “House of Cards.””

orange-is-the-new-black/http://www.policymic.com

Are Movies Next?

There’s no denying the success Netflix has had in DVD Rentals, streaming, and now original series, so why stop there? After delivering a keynote address at the Film Independent Forum in Los Angeles, Netflix Chief Content Officer, Ted Sarandos made it clear that the company is considering releasing original movies. In an article on Doddle, James DeRuvo stated “Sarandos says that there are far more buyers out there, who want to buy outside the box, than there are sellers who want to sell it. He cites the film Life of Pi, which saw more viewers in 2D on Netflix, than did in 3D in the theaters.”

In other words, there’s huge potential for Netflix to compete in an industry struggling to hold on to its audience. As the article explains, its biggest frustration is with the theaters, not Hollywood studios. It will be interesting to see how the company plans on creating a formula for exhibiting its movies, if it decides to enter such a market, as well as what types of films it plans on making and how large its movie budgets will be.

For the latest on the entertainment industry, LIKE our Facebook page.

Have a movie budget question? Tweet us: @FilmBudget

BFI London Film Festival & Finance Market | Film Budget Inc. | FilmBudget.com

 October is an exciting time to be in, or a fan of, the film industry. Kicking off this past Wednesday, the London Film Festival provides twelve days of moving pictures. Being one of the great capitals of the film world, London is sure to deliver a stellar festival full of events, talks, panels, and most important of all, movies. Further, this year has already proven to be special as the festival kicked off with British director, Paul Greengrass’ Captain Phillips starring the iconic Tom Hanks.

http://www.bfi.org.uk/lff

http://www.bfi.org.uk/lff

 When:  October 9th to the 20th

Where: London, England

What:  234 fiction and documentary features will be screened at fifteen venues. Venues include: BFI Southbank, BFI IMAX, Renoir Cinema, Curzon Chelsea, and eleven others.

Opening/Closing Night: Tom Hanks bookends this festival with the opener Captain Phillips and closer, John Lee Hancock’s Saving Mr. Banks. Both films work as a great display of Tom Hanks ability to star in larger budget Hollywood films (Captain Phillips, according to Box Office Mojo, had a production film budget of $55 million), as well as smaller budget independent films.

Gala: Other Gala films include, Jason Reitman’s Labor Day, and Abdellatif Kechiche’s Blue is the Warmest Color presented at the festival’s Love Gala. As you may already know, the Cannes Palme d’Or winner, Blue is the Warmest Color directed by Abdellatif Kechiche has received much praise and controversy as its stars questioned the nature of their director’s approach to filming the movie’s graphic sex scenes. Most of the controversy came during the Toronto International Film Festival.

BFI Fellowship:

 Sir Christopher Lee, or as you may know him, Dracula, will be awarded the BFI Fellowship. An iconic actor in every sense of the term, Sir Christopher Lee has appeared in hundreds of films, including big budget blockbusters such as Star Wars: Episode III. According to RottenTomatoes.com, his films have collectively grossed over three billion dollars.

http://www.aceshowbiz.com/events/Christopher%20Lee/christopher-lee-uk-premiere-skyfall-01.html

http://www.aceshowbiz.com/events/Christopher%20Lee/christopher-lee-uk-premiere-skyfall-01.html

 Cheers, Sir Christopher Lee

Other Events: Educational programs, including free film screenings, panel events, The Festival Jury Project, will be consistent throughout the festival. Also, screen talks will be hosted with cinema greats such as Japanese director Hirokazu Kore-eda, as well as a master class discussion with famed director Alfonso Cuarón along with a screening of his new sci-fi flick Gravity. The film, which stars George Clooney and Sandra Bullock, is the fifth collaboration between the director and legendary cinematographer, Emmanuel Lubezki. Already grossing $100 million world wide, the space drama is set for record returns.

 

Production Finance Market

Wednesday marked the opening of the Film London Production and Finance Market with a keynote address by Michael Barker of Sony Pictures Classics. With recent feature film hits such as Blue Jasmine, Mr. Barker shared his wisdom on how to successfully distribute and sell independent films. For example, Michael Barker claims SPC has survived the unstable indie market by “maintaining a conservative approach to revenue projections.”  According to the Hollywood Reporter, Mr. Barker also claims that patience is a virtue when creating an audience through word-of-mouth. In addition to this keynote address, the Sony Classics veteran will join Endgame Entertainment’s Doug Hansen and Start Motion Pictures’ Ben Browning in a panel on how film finance is being shaped by the emerging online market.

Michael Barker with Woody Allen

Michael Barker with Woody Allen

 

More on the Market:

In partnership with the BFI, the Film London Production Market is an excellent opportunity for producers, financiers, and distributors to land deals. FilmLondon.org describes it as:

“The Production Finance Market in association with the 57th BFI London Film Festival brings financiers together with producers and film-makers to make connections, forge partnerships and encourage mew film financing relationships.”Unique to this year, the micro-market will run alongside the event. The micro-market allows projects with film budgets of one million pounds or less to meet with potential financiers. Mr. Barker will also be running a master class for these filmmakers.

 

FBwhite_180x180