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Film Budgets - Insider Tips For Film Students

This is my 20th year working in the film films including a term as Vice President
industry on over 40 film productions. of Production at MGM).The only solution
Throughout that time I have never met a that I see for film students, and for
new film school graduate who has a clue working film crew, to get familiar with
about handling the most important aspect film budgeting is to provide them with
of ALL filmmaking - the MONEY! I had the information myself. But, what kind of
always assumed (wrongly, it turns out) information, and at what level of
that film students just weren't detail?The answer to that rhetorical
interested in knowing about film budgets. question is - in as simple a format as
However after a recent survey of film possible, yet still be effective. By
students at a reputable film college we effective, I mean that any training in
learned that film students DO intuitively the area of film budgeting will actually
understand that knowing the language of help you impress producers for those few
film budgeting is crucial to their film jobs, get your script into
careers in film. Surprisingly, over 80% production, find financing, be rehired
were enthusiastic about learning more for more film contracts, be more cost
about film budgeting!Here's what we effective cinematographers, etc. Also,
discovered from that survey (completed in the basic concept of translating creative
late September, 2005):1. Over 80% of film ideas into a budgeting process is new to
students are not only interested in most people, especially those educated in
learning more about budgeting for film film schools, so that concept should be
productions, they are emphatic about presented first.Film students don't need
it!2. In all cases, film students expect to become keen budget technicians.
to find information about film budgeting However, they DO need to get enough
from the internet, or as recommended exposure to film budgets to understand
reading from their professors.3. We also the fundamentals, and to be able to
learned that there are no references or communicate to film producers, film
books available to film schools or film studios, bonding companies, banks,
students on this very needed financiers, etc. in the same language as
subject.Those working in the film would be expected from professional
business recognize how important it is to filmmakers.All of the above is covered in
be familiar with film budgeting, if not my book, Walk The Talk. I have written a
technically proficient. The series of 7 free articles based on my
confidentiality of film budgets makes it book. They're written for the complete
extremely difficult, even for working novice, so be patient if you've already
filmmakers, to get familiar with film been exposed to film budgeting. You can
budgeting. (I have a true story in my sign-up, FREE, for 7 weeks of articles at
book about a meeting that I had with Ron .There is a seventh article that could
Howard in 1993 where he wanted to learn have been added for those who haven't
specifics about the budget for his film - been exposed to the simple administrative
in spite of having been in the film procedures like petty cash, purchase
business for over 30 years as an actor orders, check requisitions, etc. Knowing
and budding director).Learning about film how to use these forms will put you WAY
budgets while on-the-job comes at the out in front of the pack of job-hungry
expense of hard-knocks, expensive film film students looking for those few film
budgeting software and late night jobs. You'll need to buy my book at this
self-training with a technical textbook link Walk The Talk to get that inside
(if you can find one). In the 20 years advantage. (I have kept the price
that I've been working in the film affordable, specifically with students in
business, I have NEVER shown a film mind.)Here are the article
budget to anyone but a select few titles:1.MAKING IT! In Film Production2.
insiders - Producers, Production Introduction to Film Budgeting3.
Managers, Studios, Bonding Companies, Translating Creative Ideas Into the Film
etc. So, exposure to actual film budgets Budgeting Process4. Your Participation In
really is an insider's privilege - which Above-the-Line Budgeting5. Your
I am about to open the door to for my Participation In Below-the-Line
readers. (Keep in mind the figures shown Budgeting6. Your Report Card - Comparing
are samples only. The figures are real The Budget to Actual Costs7. Presentation
enough, but are not drawn from my actual of the Weekly Cost Report - It's As
past/present/future film productions.)How Important As the DailiesWhen you read my
can film students get familiar with film articles, print them out. Make your own
budgets while they have the time and examples. Reread them. Send me your
opportunity? The only colleges with film questions if you get stuck. You'll find
budgeting in their syllabus (that I could that you'll be way out in front of the
find after hours of internet searching) pack!(Copyright 2005 - John Gaskin)John
was in a specialty course for Production Gaskin opens the door to a confidential
Managers at the New York Film Academy, topic in the film industry -Film Budgets!
and through mentors at the American Film Learn the inside tips from a 20 year pro
Institute (where, I'm proud to say, parts of over 40 film projects all over the
of my book are being used by a mentor world.
there, who has a long record of producing




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