Budgeting is the process by which a producer prepares a budget for the production of a film. Through this, a document is produced to secure financing for and lead to pre-production and production of the film. Budgets are typically separated into for sections: creative talent (above the line), direct production costs (below the line), editing and visual effects, etc. (post-production), and other things like insurance and completion bonds. The financing of a film can be acquired from; a private investor, sponsor, product placement, film studio, entertainment company, or personal funds.
The amount of the budget illustrates the gross budget when reporting the budget of a film. This is the grand total of actual spending to produce the media project. Institutions will not invest in a project unless it is certain that a profit will be gained. This money is gained through the premiere of the film, but also how well it sells on other platforms such as DVD, Blu-Ray, and streaming websites/apps.
Our partners; Blumhouse Pictures and Warner Bros. Entertainment Inc. are financially secure as together they both have a revenue of over $13 billion as of 2015, ensuring us of a high-quality product and advanced promotion, earning us a larger profit.
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