Budgeting basics help decide how to make your film... and where.

Sisung Film Finance From The 7 Dirty Secrets of Film Financing by Bianca Goodloe, Esq., Apr 1, 2015
You take the budget your director wants in a perfect world, and you cut it as much as possible. From that draft, you then deduct the value of the film in the marketplace that you can get out of foreign sales depending on the world economy and politics of the day (for example, right now Russia, Italy, and Spain are virtually valueless). Then you add the tax credits you can get depending on your shooting location. If the budget at that point is below $1,000,000 and your lead is based in Los Angeles, you shoot in Los Angeles. If it is below $5,000,000, you consider New Orleans. If it’s over $10,000,000 consider buying the book “Romanian for Dummies” and get a passport. Then you add to this budget $1,000,000, assuming a respectable U.S. sale once the film is finished and working its way through the domestic festival circuit. READ MORE…