Whether your script is a low budget film or a Hollywood blockbuster movie, investors will always ask for a film budget.
Film budgeting refers to managing the cost for a film during its production. Typically a rough budget is produced by filmmakers during script development in order to convince film producers and film studios to give them the greenlight. After this, a much more detailed film budget (up to 150 pages) is created to be used to secure financing for the film.
A budget typically consists of four parts: Above-the-Line, which includes the costs of creative talent, such as screenwriting, directing, acting talent, Below-the-Line, which involves direct production costs like camera crew, sets, wardrobe, and transportation, Post-Production, includes services such as editing and special effects, and Other, like insurance and completion bonds.
Due to the complexities of production and the ever-changing issues facing finance professionals, one of the easiest ways to develop a professional movie budget is to invest in and master an intuitive budgeting software program.