Film Budget Inc. | Filmbudget.com | Worldwide Professional Film Budgeting

Cost cutting in the film world has always been a buzz word.  However, in today’s credit strapped economy reducing the level of a film budget has become a necessity more than ever.

From large scale, tent-pole, enormous film budget productions to mid-level movie productions and of course the lower tier film budget range, the pressure from lenders, studios, production companies, investors and sales executives has increased dramatically.   Salaries have continued their downward plunge at all levels.

In addition to the financial downturn, the credit crunch and the lack of capital for movie production, the states have compounded the problem by pulling the rug out from under their growing local film industries that were beginning to gain self-sustaining momentum with the aid of film tax incentives programs which got the ball rolling.   Rather than stick with these job creating, and industry generating film tax credits, they have systematically pulled the plug on them, thereby exacerbating the film finance situation.  Fortunately, foreign governments realize the importance of supporting the entertainment (ie. culture) sector and they continue to expand their support mechanisms.

Therefore, filmmakers must do much more with much less, now more than ever before.  It is critical to have an extremely tight film budget and shooting schedule, however one with great production value built into it.  The critical eye of a seasoned line producer is required to make the tough decisions on where to cut the budget and where to enhance it.   Which departments can get by with less and which demand being saved from the axe?   A knowledgable line producer deals with these questions daily and reducing the budget is not new to them.

One such expert in the field of film budgeting is Filmbudget.com – founded by veteran major Hollywood studio and indie film producer Jack Binder (‘Reign Over Me’, ‘The Upside of Anger’, etc.)  Here is a video trailer of Jack’s producer credits:

 

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

What is the difference between an indie film budget and a major studio movie budget?

When creating a film budget and schedule production services package for film producers, writers and directors it is important to know whom your end user is going to be.   General formatting of a film budget varies from studio to studio and between production companies.

While there is some standardization in accounts used by the various production companies, with each having there own chart of accounts, they likewise each have their own way of outlining and detailing the accounts and categories that make up a film budget and shooting schedule.  When it comes to indie film budget and schedule creation the field is much wider as are the options and possibilities for style, standards and formats.

A quality indie film budget and schedule has all of the basic elements of a major Hollywood studio movie budget, yet with somewhat more detail and some elements that are not required by a studio film budget set of documents.  For example, an indie film budget will almost always have a completion bond as part of its bottom line expenses.   A completion bond can be thought of as somewhat like an insurance policy, for the investors.   The bond as it’s known as protects the film financier from overages and the possibility that a film cannot be completed.   The completion bond company charges a fee and will interject itself and its professionals into the production process to ensure a film production is completed according to its indie film budget and schedule as layed out in pre-production film budgeting process.

A major Hollywood studio film budget on the other hand will generally not have a completion bond expense included due to the fact that a deep pocketed film production studio can insure itself against such calamities.   This is done with management control over the production, proper oversight and a realistic approach to studio film budgeting which may be absent in the much larger and far reaching indie film budget universe.   Similarly whereas an indie film budget and schedule may not contain a large overhead charge from the production company, a studio film budget will almost certainly carry a large overhead charge against the overall film budget perhaps as high as 10-15% of the budget.   This charge not only helps offset overages in productions under their supervision, it also helps defray office, facilities, executive travel and other business expenses by recouping them from the movie budgets of their film productions.

Due to the above elements and the very nature of indie film budgeting and scheduling, the common fact is that these film budgets are lower in general.   While not carrying the overhead expense, indie films also can shoot for less, do more with less and obtain more favorable rates across the board because they are not taking on such massive financial expenditures like the majors.

 

 

Indie film budget and schedule expert

12 VFX Facilities in Los Angeles | Film Budget

List of 12 Los Angeles VFX Facilities – Film Budget – Line Producer – Film Production Services

We decided to assemble a list of 12 leading VFX facilities in Los Angeles in the face of the turmoil in the CGI industry.   Due to competition and increased pressure on the film budget of most motion picture productions, companies have had to outsource and cut rates extensively.

In the face of the visual effects industry contraction and mounting challenges to the current economic model, we are glad to see these companies maintain their California based roots.   We hope they continue to employ local filmmakers and artists in the field of computer generated imagery, animation and vfx work.

 

Eden FX

1438 N. Gower Street Building 50 & 16, Box 19, Hollywood, California

(323) 993-7050 ‎ · edenfx.com

 

S4 Studios LLC

5657 Wilshire Blvd #290, Los Angeles, CA

(323) 937-2100 ‎ · s4studios.com

 

Prime Focus Global Integration

1800 Vine St # 100, Los Angeles, CA

(323) 461-7887 ‎http://www.primefocusworld.com/

 

Point360 West

12421 West Olympic Boulevard, Los Angeles, CA

(310) 481-7000 ‎ · west.point360.com

 

Scanline VFX La Inc

12910 Culver Blvd # C, Los Angeles, CA

(310) 827-1555 ‎ · scanlinevfx.com

 

Rhythm & Hues Studios

2100 E Grand Ave, El Segundo, CA

(310) 448-7500 ‎ · rhythm.com

 

yU+co

941 North Mansfield Avenue, Los Angeles, CA

(323) 606-5050 ‎ · yuco.com

 

Steele VFX

5737 Mesmer Avenue, Culver City, CA

(310) 656-7770 ‎ · steelevfx.com

 

Look Effects, Inc.

Suite F, 12910 Culver Boulevard, Culver City, CA

(323) 469-4230 ‎ · lookfx.com

 

Zoic Studios

3582 Eastham Drive, Culver City, CA

(310) 838-0770 ‎ · zoicstudios.com

 

ICO VFX

727 South Main Street, Burbank, CA

(818) 531-7200 ‎ · icovfx.com

 

New Deal Studios

4105 Redwood Avenue, Los Angeles, CA

(310) 578-9929 ‎ · newdealstudios.com

 

These visual effects companies work on a wide range of movie productions with both large film budgets and those with a more modest indie film budget supporting their vision.   A good visual effects team can contour a proposal for any size move and offer a wide range of visual effects imagery.

 

 

 

 

‘The Mind of The Married Man’ / Producer / Unit Production Manager

FilmBudget.com founder, film and television producer Jack Binder produced the HBO critically acclaimed tv series ‘The Mind of the Married Man’.    The tv show ran for two seasons before Binder went on to produce the New Line Cinema release of ‘The Upside of Anger‘ starring Kevin Costner, Joan Allen, Evan Rachel Wood, Kerri Russell, Erica Christensen and Alicia Witt.

HBO subsequently wished to finance a third season before Jack moved on to produce “Man About Town‘ starring Ben Affleck and then ‘Reign Over Me‘ starring Adam Sandler and Don Cheadle for Columbia Pictures.   The tv series was controversial for its dealing with marriage issues in a comedy program.    Here is the opening title sequence of ‘The Mind of the Married Man’.

 

The Mind of the Married Man

 

 

 

 

 

 

Filmbudget.com is the international leader in worldwide film budget and schedule line producer production services for indie film and studio production.   For film budget production services in Europe, Australia, Canada, The United States, Latin America, Eastern Europe and worldwide, veteran line producer Jack Binder provides twenty-five years of extensive experience on major Hollywood studio and indie film production.

Top 10 VFX Visual Effects Companies in Feature Film | Film Budget Inc

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

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Top 10 VFX Companies in Feature Film

Avatarmotioncapture1. INDUSTRIAL LIGHT & MAGIC San Francisco, CA
“Star Wars,”” Indiana Jones,” “Jurassic Park.”

2. WETA DIGITAL New Zealand
“Lord of the Rings,” “Avatar”

3. DIGITAL DOMAIN Los Angeles, CA

“Titanic.”

4. ZOIC STUDIOS Culver City, CA

5. DOUBLE NEGATIVE London, England

“Harry Potter,”  “Inception”

6. FRAMESTORE LONDON London, England

“Clash of the titans,” “Captain America.”

7. SONY IMAGE WORKS Los Angeles, CA

“Watchmen,”  “Alice in Wonderland.”

8. SVENGALI FX  Santa Monica, CA

9. STARGATE DIGITAL   Los Angeles, CA

10. METHOD STUDIOS   Los Angeles, CA

For more news, lists, and insights on the film industry, follow us on Twitter!

 

 

 

 

 

 

Paris Project Co-Production Platform – Paris Cinema Festival 2011

Paris Cinema IFF 2011 – July 2nd to July 13th, 2011

Paris Project Co-Production Platform

The Paris Project Co-Production Platform remains Europe’s leading co-production venue, surpassing rival countries programs.  With 350 projects submitted Paris continues to attract top films to its presentation.

 

Logos Festival Paris Cinéma

 

 

 

 

 

 

The ideal film budget range for acceptance runs from $300,000 to $3 million with at least seventy percent of film finance set up.   The Paris Cinema platform runs from July 4 to July 7, 2011 and runs simultaneously with the Festival Paris Cinema which runs from July 2nd to 13th, 2011.   Fifteen foreign projects have been selected and are in the works for film finance from French and European sponsors.

Program details and listings can be found here.

Partners

Paris Cinema IFF is supported by

In collaboration with

In Association with
Paris Project – Paris Cinéma IFF155, rue de Charonne, 75011 Paris, FranceTél : 33 (0) 1 55 25 55 26 / Fax : 33 (01) 1 43 67 09 50Email : parisproject@pariscinema.org

www.pariscinema.org

 

 

 

 

FilmBudget.com – Your film budget expert

 

 

3 Top Film Finance Expert Sources

The film financing market is showing signs of life again. Pre-sales and negative pick-ups were up and funding every range of film budget at the Cannes Film Festival and the Cannes Film Market.

So we thought it might be helpful to our readers to list three sources for film finance information to assist in finding financial sources for film funding of your film budget toward the greenlight required for motion picture production. While certainly not a complete list and we will be posting more here are some key resources to get your film budget the critical investor, financier or lender required to get your film made.

1. Jeff Steele’s Film Closings – Jeff Steele is a film finance expert based in Venice, CA and Chicago. Jeff provides expert insight into the pitfalls and advantages of properly aligned financial documentation and managing expectations across the film finance process. Jeff is a strong proponent of hiring a professional line producer to create a custom and accurate film budget and schedule for any serious movie production seeking financing.

2. Film Finance Forum – Film Finance Forum is the preeminent conference for the film finance, movie and television production industry. Panelist relay their expertise on matters of the funding, production, bank lending, studio and independent film budget realities and marketplace analysis. Presenters range from studio executives to bank representatives. Filmbudget.com founder Jack Binder is a regular attendee to the conference. FFF operates in NY, LA, Cannes, Singapore, Moscow and other locations.

3. Film Finance Summit – Film Finance Summit is likewise a film industry leader in movie financing seminars and conferences. Past speakers include film financing attorneys, bankers, film tax incentives professionals and film producers. Filmbudget.com Founder, Producer Jack Binder has been a guest panelist for Film Finance Summit Conferences.

Filmmakers Michael Bay and James Cameron Talk 3D

Mega film budget Directors Michael Bay and James Cameron talk about 3D and its aesthetic value in filmmaking today.  Cameron comments on Bay’s great use of the spatial possibilities in 3D, while Bay describes how he has always shot with strong foreground, mid-ground and background and how this new technology allows him to maximize that technique.

 

http://youtu.be/t1CkPiysneM

 

 

Foreign Sales Agents and Film Finance Recommend a Custom Film Budget by an Expert

As Cannes kicks off it is again quite clear the message coming from the foreign sales agents and the film finance people. Consistently the message to producers is for them to obtain a quality, custom and accurate film budget and schedule from a hand crafted screenplay breakdown created by a seasoned line producer.

As foreign sales prices continue to fall and the dvd market shows further weakness, the clear implication is that the film budget must be reevaluated for todays economic reality. Early on the producers representatives are likewise insisting that they become more involved in the film budgeting process to ensure the filmmakers create a film budget and schedule that reflects the commercial aspects that the movie must achieve to gain financing.

FilmBudget.com is the international leader in worlwide film budget and schedule production services since 1997. Producing feature film and television productions since 1986, Producer Jack Binder is an expert in the field of studio and independent feature film and tv film budgets and schedules.