WHAT IS A LOW BUDGET FILM? (In the Entertainment industry.)

Low Budget Film / Photo Credit: Institutions - Alexander Steve

WHAT IS A LOW BUDGET FILM? (In the Entertainment industry.)  

Bruce Bisbey…please follow me at: https://dumbdogproductions.com/

https://dumbdogproductionsllc.blogspot.com or https://www.facebook.com/DumbDogProductionsLLC/ thank you.

What is a Low Budget Film?

A low-budget film or low-budget movie is a motion picture shot with little to no funding from a major film studio or private investor. Many independent films are made on low budgets, but films made on the mainstream circuit with inexperienced or unknown filmmakers can also have low budgets. Many young or first time filmmakers shoot low-budget films to prove their talent before doing bigger productions. Many low-budget films that do not gain some form of attention or acclaim are never released in theatres and are often sent straight to retail because of its lack of marketability, look, story, or premise. There is no precise number to define a low budget production, and it is relative to both genre and country. What might be a low-budget film in one country may be a big budget in another. Modern-day young filmmakers rely on film festivals for pre promotion. They use this to gain acclaim and attention for their films, which often leads to a limited release in theatres. Film that acquire a cult following may be given a wide release. Low-budget films can be either professional productions or amateur. They are either shot using professional or consumer equipment.

The DGA and SAG thresholds for low budget are similar: $2.6 and $2.5 million respectively. The writer’s guild draws the line way down at $1.2 million.

IATSE (the union that covers most of the below-the-line crew) has three different tiers: below $6 million, between $6 and $10 million, and $10 to $14.2 million. (Anything above that is full union rates.) To give you a sense of scale, Get Out only cost $4.5 million. Then again, not paying the crew full union wages and benefits is probably how Blumhouse keep their films profitable.

A truly low budget film, then, is one with only six figures. Beyond that, you’re likely working under the auspices of at least one union or another, along with all the protections that confers.

Still, is it that big a deal to work on a union show versus a non-union one? Kind of yes, kind of no. I’ve heard it said the only difference between a $5 million picture and a $20 million one is how much the crew is paid; the difference between a $20 million and $100 million is how much the actors get paid.

That’s not entirely true, but it’s close. A bigger budget usually means more shooting days, which is good for everyone. A $5 million movie, while not technically covered by IATSE, will still likely follow the standard practices of the business, in terms of hours, meals, and general safety measures.

Some genres are more conducive to low-budget filmmaking than others. Horror films are a very popular genre for low-budget directorial debuts. Jeremy Gardner, director of The Battery says that horror fans are more attracted to how the films affect them than seeing movie stars. This allows horror films to focus more on provoking a reaction than on expensive casting choices. Thriller films are also a popular choice for low-budget films, as they focus on narrative. Science fiction films, which were once the domain of B movies, frequently require a big budget to accommodate their special effects, but low-cost do-it-yourself computer-generated imagery can make them affordable, especially when they focus on story and characterization. Plot devices like shooting as found footage can lower production costs, and scripts that rely on extended dialogue, such as Reservoir Dogs or Sex, Lies, and Videotape, can entertain audiences without many sets.

The money flow in filmmaking is a unique system because of the uncertainty of demand. The makers of the film do not know how well the film they release will be received. They may predict a film will do very well and pay back the cost of production, but only get a portion back. Or the opposite may happen where a project that few think will go far can bring in more profit than imaginable. A big gambling variable that is also involved is the use of stars. Frequently stars are brought on to a project to gain the film publicity and fame. This process can be profitable, but it is not a foolproof mechanism to successful funding. Well-known actors may join a low-budget film for a portion of the gross.

A micro budget film is that which is made on an extremely low budget, sometimes as little as a few thousand dollars. An example of such would be the popular 1992 film El Mariachi, in which the director Robert Rodriguez was unable to afford second takes due to the $7000 budget. Despite this, it was a success both critically and commercially, and started the young director's career.

References & Credits: Google, Wikipedia, Wikihow, WikiBooks, Pinterest, IMDB, Linked In, Indie Wire, Film Making Stuff, Hiive, History Channel, Film Daily, New York Film Academy, The Balance, Careers Hub, The Numbers, Film Maker, TV Guide Magazine, Blurb, Media Match, Quora, Creative Skill Set, Chron, Investopedia, Variety, No Film School, WGA, BBC, Daily Variety, The Film Agency, Best Sample Resume, How Stuff Works, Studio Binder, Career Trend, Producer's Code of Credits, Truity, Production Hub, Producers Guild of America, Film Connection, Variety, Wolf Crow, Get In Media, Production Beast, Sony Pictures, Warner Bros, UCAS, Frankenbite, Realty 101, Careers Hub, Screen Play Scripts, Elements of Cinema, Script Doctor, ASCAP, Film Independent, Any Possibility, CTLsites, NYFA, Future Learn, VOM Productions, Mad Studios, Rewire, DP School, Film Reference, DGA, IATSE, ASC, MPAA, HFPA, MPSE, CDG, AFI, Box Office Mojo, Rotten Tomatoes, Indie Film Hustle, The Numbers, Netflix, Vimeo, Instagram, Pinterest, Metacritic, Hulu, Reddit, NATO, Mental Floss, Slate, Locations Hub, Film Industry Statistics, Guinness World Records, Audiopedia, The Anonymous Production Assistant,

THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY. THE INFORMATION IS PROVIDED "AS IS" AND BRUCE BISBEY MAKES NO EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES, INCLUDING WARRANTIES OF PERFORMANCE, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE, REGARDING THIS INFORMATION. BRUCE BISBEY DOES NOT GUARANTEE THE COMPLETENESS, ACCURACY OR TIMELINESS OF THIS INFORMATION. YOUR USE OF THIS INFORMATION IS AT YOUR OWN RISK. YOU ASSUME FULL RESPONSIBILITY AND RISK OF LOSS RESULTING FROM THE USE OF THIS INFORMATION. BRUCE BISBEY WILL NOT BE LIABLE FOR ANY DIRECT, SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES OR ANY OTHER DAMAGES WHATSOEVER, WHETHER IN AN ACTION BASED UPON A STATUTE, CONTRACT, TORT (INCLUDING, WITHOUT LIMITATION NEGLIGENCE) OR OTHERWISE, RELATING TO THE USE OF THIS INFORMATION.

Low Budget Film / Photo Credit: Institutions - Alexander Steve