BUDGETING
- Before we start breaking down the film budget, it’s important to understand when to begin budgeting for your film and the specific planning for each budgeting phase.
- Generally, if you’re a producer or independent filmmaker with an idea for a film, you should start with a non-detailed, estimated preliminary budget. This particular budget will contain an estimated total of all the potential costs and accounts you’ll need to purchase for the film. This is created to secure financing from investors.
- Once you’ve gathered the necessary funds needed to make your film, you’ll need to construct a more in-depth and detailed film budget. This will usually occur after hiring the key members, or department heads, of your production. This more detailed budget will be much more complex with finalized costs and planning.