ROADMAP TO A $150,000 FILM
A few weeks ago I wrote that every filmmaker and screenwriter should have multiple scripts in different budget ranges. The main indie film budgets are $150k, $300k, $700k, and $2 million.
Script Notes
When crafting a $150,000 film, self-contained scripts are key. Think horror, intimate dramas, or personal faith-based stories. Keep the cast to under 10 major roles and limit locations to one primary cinematic setting with 5-10 additional spots max. Ensure the script includes at least five intense scenes for your trailer and plan a 10-14 day shooting schedule.
Crew
Your crew size should not exceed 15 people. Prioritize hiring key team members who own equipment, such as a cinematographer with a lens package, a gaffer with a lighting truck, and a skilled sound mixer. Consider equity partnerships with some key crew members while paying fair day rates to the rest.
Producers
You’ll need two types of producers:
- A funding producer to secure your budget.
- A distribution producer to handle marketing, audience engagement, and distribution. Don’t attempt to wear every hat yourself—delegation is crucial.
Funding
Break your budget into 50 investor units at $3,000 each. Aim for 2-3 major investors and leverage state tax incentives where available. Supplement your budget with crowdfunding (up to 10%), product placement (5%), and fiscal sponsorship (5%). An entertainment attorney is essential for preparing legal documents.
Distribution
Plan for deliverables and prioritize marketing early. Budget for items like DCPs, subtitling, and promotional materials. Capture behind-the-scenes footage and stills. Before completing the edit, produce a compelling trailer to test with distributors and potentially secure extra funding.
Take Action
Ready to make your $150,000 film a reality? Contact me at info@filmbusinessplan.com to order a professional pitching package that includes a film business plan, budget, and distribution strategy. Let’s bring your vision to life!
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