Key financial Constraints

Key Financial Constraints

. Staffing - Involves dealing with the National Insurance for staff as well as the  Cost of training so employees know what they are doing

. Premises - Somewhere to base yourself as a production company where you have a base of operations

. Location - Pay for location to film, secure rights to use location to film your media production so you don't have any legal issues 

. Legal Costs - Cover legal costs to make sure your work is copy written, proofed check to be legally and ethically correct as well as verified work as well as the use of an intellectual property IP which secures your work. 

. Transport - Transporting equipment and people who are on the film set to the actual location in a safe manor to ensure no damage is done to equipment or risk to injury for employees

. Resources - Cameras, software, computers, Mac books, software and hardware etc all needed to be used within a media production to be able do this well. 

https://targetcareers.co.uk/career-sectors/media/315565-salaries-in-the-media -

Type of cost                           Estimated Cost

Staffing:  Camera operators - £1050  Video Editor - £60 per hour minimum 

Premises Office Space - £1200 for 3 days office rental 

Location - Alexander Palace was £3700 minimum 

Legal Costs £33 For legal copyright  Intellectual property IP - £42.50 for 5 years or £72.50 for 10 years 

Transport - 300 pounds for 3 days for van 

Resources - EVA 1 camera (high quality) - £6,700 MacBooks - £2,000 Audio techina Bluesteel - £120 per mic for good quality.

Other? Non copyright music for free


Financial Constraints in film industry 

. Really hard for small film-makers to be able to make a good quality production, tv dramas are making it really hard to be able to produce good films even short films. 

. UK films costing from £500,000 to about £30m to make

. The number of small to mid-sized budget co-productions, funded by mostly European producers, such as the Oscar-winning The Lobster, and I, Daniel Blake, fell from 37 to 30

. Hollywood blockbusters made in the UK, such as Star Wars: The Last Jedi, and Alien: Covenant, which account for the lion’s share of the £1.6bn feature film market, remain rocksteady, with just under 20 films produced in 2015.

. Films from the major studios take more than 90% of the budget, leaving only around 10% for small ones


 Budget in film 
Focusing on superhero blockbusters

Small film makers struggling to hit the big screen 

- Hollywood doesn't like taking risks which leads to boring series of films and thats why they feel the same 

Winners of Cannes are the few low cost productions that had screen time in cinemas 

Huge drop in movies by UK and European movies 

11 Billion is made in us box offices 90% of revenue is taken by major studios and just 10% goes to anyone other than the big studios Warner bros, Disney  etc 

Dramas are about 1m minimum per episode so about 20mil+ for the series 

90% of revenue is taken by major studios

UK Film companies are launching TV series / divisions 

The UK is a sombre case study for the mid-to-low-budget film industry. The number of domestic UK films costing from £500,000 to about £30m to make, such as T2: Trainspotting and Florence Foster Jenkins, fell from 77 to 60 between 2014 and 2015. 

He cites the mechanics of the $11bn (£8.5bn) US box office as a perfect example of the difficulties facing film-makers who lack big budgets. 


It says that initial reporting shows that the number of domestic UK features being made in the first quarter this year (17) is the same as in 2016 and that there has been a 30% jump in spend to nearly £32m. 

major Hollywood studios ended up cutting loads of their production slates and increased budgets pretty much for franchises and superhero stuff,

big budgets. “Films from the major studios take more than 90% of that“That leaves about 650 films in the US chasing 9% of the box office.”In the US the number of scripted shows being made annually has more than doubled since 2010 to more than 500 this year.

 The number of small to mid-sized budget co-productions, funded by mostly European producers, such as the Oscar-winning The Lobster, and I, Daniel Blake, fell from 37 to 30 – a level not seen since 2008.

Most drama now is a minimum of £1m an episode and the quality and the experience is very high



Advantages of Crowdfunding 

. Its more efficient than traditional fundraising

. Doubles as marketing as media exposure - good for a production company

. Not a big loss of money for individuals if project fails

. Generally Online - helps geographically 

. Everyone is happy - crowd funders get a stake in the project - they could end up getting more many than they gave in - if our short film does well - crowd funders could recieve alot of money