When it comes to reporting the budget of a film, the amount of the budget represents the gross budget, which is the grand total of actual spending to produce the project and not to be confused with net budget, which represents the final out of pocket for the producer after government incentives or rebates ("If you pay $50 for something but have a mail-in coupon for a $10 rebate, your gross spending still amounts to $50."). Film financing can be acquired from a private investor, sponsor, product placement, film studio, entertainment company, and/or out-of-pocket funds. The budget excludes film promotion and marketing, which is the responsibility of the film distributor. Multiple drafts of the budget may be required to whittle down costs.Ī budget is typically divided into four sections: above the line (creative talent), below the line (direct production costs), post-production (editing, visual effects, etc.), and other ( insurance, completion bond, etc.). This document, which could be over 130 pages long, is used to secure financing for and lead to pre-production and production of the film. Film budgeting refers to the process by which a line producer, unit production manager, or production accountant prepares a budget for a film production.
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