Film finance & budgeting lecture

1. FINANCE
Money, money, money

2. Finance is an important part of film-
making, but….
What is ‘finance’?

3. Finance
Is the management of money, and money
related matters.
need.
In film-making, finance can
be best thought of as the
money we have versus the
money we need.

4. What do we need money for?

5. Lets think about funding for our crew…
They’ll need the correct
equipment for their job…
We’ll need to get them to
their location (travel)…
We need to make sure
they’re fed & watered
during production….
We need to pay them a
fair wage…

6. Where can we get money from?
A broadcaster might pay us to
make a programme for them…
(eg. TV show)
A private investor might give us money in
return for a share of the profits….
(eg. A feature film)
A client may pay us to make a video for
them… (eg. Music video)
A charitable film fund may give you
money (eg. Feature films)

7. Once we’ve got our funding we can
budget for our production.
What is a budget?
“…an estimate of income and expenditure for a set period of time.”

8. Why do we need to do a budget?
We need to make sure we have enough money
to pay for all of our costs.

9. Why do we need to do a budget?
You have £1000 budget for a music video.
• You are filming for 2 days
• You need 3 camera operators
• Each camera operator costs £200 p/d
• Each camera costs £80 for 2 days hire
Total cost = £1440
Total funding = £1000
Loss = £440

10. What are the implications of going
over-budget?

11. This is why we always need to do a
budget for our productions…

12. Task 1
Log onto the planning and research section of
Moodle and look at todays tasks under week 4.