What Do Film Financiers & Investors Look for When Deciding What Movie to Finance?

Film Financiers Look For Projects With All Elements In Place

In today’s challenging film finance market investors and financiers have a wide selection of projects to choose from. Invariably they look for ones with all the elements in place that would lead them to choose to invest in a particular film. These elements include an outstanding script, cast, team, finance plan and film budget which must all be first rate.

The Screenplay

Fundamentally, a film must have an amazing screenplay. There is no question that a great film can only be made from a great screenplay. There is no fixing this in post.

The Cast

Secondly, financiers look for an outstanding and marketable cast. The cast must be well known, drivers of international sales, with a known value to the world market for theatrical feature films.

Partial Cast of Films Produced by Jack Binder, FilmBudget.com Founder

Partial Cast of Films Produced by Jack Binder, FilmBudget.com Founder

The Team

Then there is the team. A solid team of experienced individuals, or at least one or two knowledgeable producers onboard who know the ins and outs of production is a critical factor. In order to invest their money to fund a film budget financiers want to know capable people are managing the movie production and can deliver, on budget and on schedule.

The Presentation

All of these elements are presented to the capital source, the financiers, investors, distributors, foreign sales company, agents and others. This presentation is expected to be top notch and reflective of the filmmaker’s understanding of the market, the production and the priority given to responsibility for results.

The Film Finance Business Plan & the Film Budget & Schedule Package

This presentation is the Film Finance Business Plan and the Film Budget & Schedule Package. Extremely important to qualified investors and the above money sources is the detailed and accurate nature of these documents. They are the determinant factor for the team and the project in its value as an investment along with all the other factors. Filmmakers should never skimp on these elements as they only get one shot most often with a source of backing for the movie.

Hire an experienced and knowledgeable line producer and executive producer to create your film budget and your movie finance plan. This work and these documents are a reflection on the filmmakers and the strength of the overall package.

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Jack Binder is an executive producer, producer, line producer and Directors Guild of America Unit Production Manager (DGA UPM) with over 25 years experience as an “on the lot” major studio and independent film producer. Binder formed FILMBUDGET.COM to provide fellow filmmakers the tools to obtain financing with accurate, proven, real film budget and schedule packages. He likewise creates custom, detailed Film Finance Business Plans which are used to finance his and clients productions and convey the true nature of the production, team and potential return to investors.

Contact Jack via info @ filmbudget.com CONTACT    Twitter   Facebook   LinkedIn

Founder of FilmBudget.com

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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

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The Film Budget, Domestic & Worldwide Grosses of the Top Indie Films of 2015 | FilmBudget.com

The Film Budget, Domestic & Worldwide Grosses of the Top Indie Films of 2015

We have compiled a list of the top grossing independent films of 2015. Detailed below in the chart is the film budget, where available, the domestic (U.S.) gross receipts, the international boxoffice and the combined worldwide gross theatrical revenue.

Indie films listed include films originally released in under 500 theaters by independent distributors or the specialty divisions of the major studios.

The film budget for each film and boxoffice data was obtained as publicly available from IMDB, The-Numbers or other sources which reported the film budget and revenue figures.

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Compiled by FilmBudget.com | Film Budget Inc.  Sources: IMDB, The-Numbers

All figures are in millions of dollars for both the film budgets of the movies and the revenue from theatrical distribution. U.S. grosses are combined with international revenues for total worldwide theatrical box office revenue figures.

Revenue figures are accurate to the date of writing of this article. Some films are no longer in release while others remain in the theatrical circuits. Films such as ‘Spotlight’ will enjoy an additional box office boost due to winning the Oscar® for Best Picture.

Contact FilmBudget.com for further details and to inquire about our various services, including film budgeting, film finance plans and film tax credits analysis and general film and television production consulting utilizing our 25 years of major studio and independent film production experience.

 

Top 4 Critical Elements For Film Finance

The Top 4 Critical Elements For Film Finance

Times are changing as always in the world of film finance. Today it is just as difficult as ever, if not more so, to obtain financing for your film.

Filmmakers must be aware of the challenges and be armed with current information in order to attract funding for their movie production goals. So here are the top four critical elements required based upon realtime, real world analysis by FilmBudget.com Founder Producer Jack Binder (Reign Over Me, The Upside of Anger, The Mind of the Married Man)

An Amazing Screenplay

An amazing screenplay is fundamental to getting finance for your film. Likewise it is necessary to attracting the remaining three critical elements.

Notice I did not say “good”, or “great”. This might have sufficed in the past however in today’s market and competition for limited film finance resources your screenplay must be amazing!

Once you have established a good or great screenplay is in hand, you must run it by your most observant colleagues, friends and family to obtain honest criticism to enable you to improve the script to its utmost potential. Writing is rewriting and before you do anything else – make it Amazing!

An Outstanding Team

Investors not only look to an amazing screenplay in which to invest but they are also looking for an outstanding team. Surround yourself with established and successful filmmakers whom augment your credentials.

This includes an experienced director and producer. An experienced director is recognized as showing a track record in delivering on the writer’s vision. They are deemed competent to bring your story to the screen based upon past success.

Likewise an experienced producer is extremely important in building confidence in your film. Investors look to the producer as the manager of the production and someone who has the knowledge and understanding of the filmmaking and movie industry process.

Together these two collaborators bring a sense of comfort and reliability to your production. Again investors invest as much in a team as they do the idea, story and screenplay.

Strong Cast Attachments

Now more than ever independent film production is driven by cast. With the above elements in place the likelihood of securing top talent is formidably increased.

Finance, international (foreign) sales and distribution are fundamentally driven by the cast committed to your movie. Of course, these must be real and verifiable involvements and not wishful thinking.

The stars involved in productions Produced by Jack Binder

Some of the talented stars involved in productions Produced by Jack Binder

An Accurate and Realistic Film Budget

The fourth and perhaps most important aspect of securing film financing for your motion picture is a realistic and accurate film budget. Knowing and demonstrating your knowledge and comprehension of the costs of bringing the production to market is a basic factor in a financiers decision to fund.

Your film budget, created by an industry professional line producer or unit production manager, will speak volumes to your investors as to your appreciation of the complexities of finding the right balance in the expense of creating the product. Your budget represents a roadmap to the production for yourself and the investor.

As the industry consolidates upon viable productions, your movie budget determines your awareness of the current market value of your production. Finding the right balance of high production value for the lowest cost is the direct purview of the knowledgeable and experienced line producer engaged in budgeting your film.

In Conclusion

Combining the above four critical elements of obtaining film finance will put your movie and your production goals at the head of the line in attracting investment. Money has become much smarter over the recent years and is increasingly risk adverse.

By arming yourself with these fundamental elements you are putting you and your team in a much better position to achieve success than only having one or a few of these in order.

Contact FilmBudget.com to discuss your production, budget, development, production and finance requirements. Our services include budgeting, scheduling, consulting, film finance business plans, film tax credits analysis, creative producer and line producing services.

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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.

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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.

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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

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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

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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

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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.

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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.

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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

 

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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.

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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.

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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!

Entertainment, Movie Box Office, and the Film Budget | Film Budget Inc. | Filmbudget.com

A Great Year for Movies

2013 was a great year for movies. You can’t walk down the street anymore without hearing someone arguing with their neighbor over who’s going to win best director. More importantly, people are conversing about films in a way much deeper than just entertainment. While ‘12 Year’s a Slave‘ got people discussing our nation’s painful past, ‘The Wolf of Wall Street‘ and ‘The Great Gatsby‘ showed greed is just as pressing of a topic as it was in the 1920s.

But what about the numbers? After all, it takes money – often a lot of money – to make movies, and without profits there are less films going into production. The good news is people are still going to see movies. In an enlightening inforgraphic form Superscholar.org, the economics behind what they call ‘our obsession’ is broken down in comparatives. The infographic reads,

“Despite claims of piracy hurting profits, movies remain one of the most popular & profitable entertainment venues in the US”

When compared to other entertainment venues, movies are still selling a staggering number of tickets, in addition to having a low average cost by event. For instance, movies sold 1.36 billion tickets and maintained a low average event cost of only $31.84. On the other hand, the NFL sold 17.2 million tickets with $313.52 as the cost of the event. Though, the NFL does charge a much higher price for those 17.2 million tickets, but it only does so for part of the year – 17 weeks not counting playoffs.

movie-theaterA Side Note – These numbers are from 2012. According to The Numbers website, 2013 saw a drop in tickets sold to 1.16 billion, and a revenue of $9.45 billion. But with immense hype for this year’s Oscars, I predict many of 2013s top films continue to make large profits.

The infographic also reveals that while revenues have been historically rising, so have ticket prices. For instance, in 2002 the average ticket price was $5.81, which has grown to $7.96 in 2012. Why are movie ticket prices rising? In terms of exhibition, many theaters are upgrading to a more luxurious experience, including bars, comfortable seats, and the latest sound and projection technology. Also, the onslaught of 3D movies and Blockbusters with gigantic movie budgets tend to force prices up every year.

The Winners

2013 wasn’t an all-time record setting year, but that doesn’t mean there weren’t winners. To name a few,

Iron Man 3 Grossed: $1.22 Billion with a movie budget of $375 million

Despicable Me 2 Grossed: $919 million with a movie budget of (estimated) $76 million

The Hunger Games: Catching Fire $840 million with a movie budget of $130 million

Fast & Furious 6 $789 million with a movie budget of (estimated) $160 million

The Hobbit: Desolation of Smaug $757 Million with a movie budget of $250 million

Iron-Man-3It’s obvious Hollywood loves a good blockbuster, particularly one involving super heroes, but not all are a success. For example, this summer saw some major flops in ‘R.I.P.D’ and ‘The Lone Ranger’, which only grossed $261 million on a film budget of $275 million.

Star Power
The info-graph goes on to show star power is still Hollywood’s greatest draw. With the number one grossing movie of the year, Iron Man Robert Downey Jr. took in $75 million. Surprisingly, Channing Tatum, Hugh Jackman, Mark Wahlberg, and Dwayne Johnson placed higher than Leonardo DiCaprio, who made $39 million.

As for actresses, Angelina Jolie is still at the top with $33 million. Further, with hits such as ‘The Hunger Games’ and ‘American Hustle’, it’s no surprise to find Jennifer Lawrence in the number two spot with $26 million (a number that wouldn’t even place her on the men’s list).

Jennifer-lawrence-Dior-dress-Golden-Globes-2014-deWhether it’s from international sales, higher ticket prices, or star power, the movie business still remains the most lucrative in the entertainment industry. Despite 2013 sales being down, hopes are at an all time high for quality’s sake, as this year’s Oscars is highly anticipated. In other words, you know things are promising when all nine of the candidates for Best Picture are worthy of winning.

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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.

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