FILM BUDGET

Film Budgeting: Balancing Creativity and Costs

Film budgeting is the backbone of any production, ensuring that creative vision aligns with financial reality. A budget outlines how money will be spent across different stages of filmmaking, from pre‑production to post‑production.



Key components include:

  • Above the line costs - In a production budget, the amounts to be spent on "the principal creative elements," such as story and script, producer, director and lead performers.

  • Below the line costs - In a production budget, all the amounts to be spent on the production of the film that are not included in above-the-line costs, including cast (other than leading performers), crew, travel/living expenses, laboratory legal and accounting fees, insurance, financing expenses and post-production expenses.

  • Contigency - An extra allowance added to the production budget to cover unexpected expenses. The contingency normally is at least 10 percent of the above-the-lin and below-the-line expenses to satisfy the completion guarantor.
            

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