How Producers OUT EARN everyone in the Film Business
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- čas přidán 3. 06. 2024
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Why are Producers usually the highest paid person on a film set? What makes their contribution so valuable? Are power, control and money such significant influences?
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Producers is much more than just budgeting. Is the face, the sales man, the relationship keeper, the marketer. From conceptual to showcasing. Much more than just been on set and going on stage to get an award. Indie producers have to deal with the paper work, the tax credits, the deal memos, the union rules, when covid was around thinking about how to maintain the show going. The legality if what can be or not be said. Is a tough job and with HUGE responsibilities. When crew goes to bed, the producer is still thinking 4x steps ahead if what can go wrong and how to fix it.
your not neede then, pos middle men
oh
Thank god I went to business school over film school.
100%!!! Doing this rn lol
It isn't merely about coming in under budget. Producers who make real money are the ones who have a stake in the distribution of the movie, and if it's a hit they reap the rewards.
I once asked a producer what she did. After listening to her description I asked, so it's your job to get more ads into the film?
The answer was yes.
You sound like a rube assuming its true. I don't think its true.
It makes good sense why a director would want to assume both roles. Very interesting topic. Thank you for sharing your insights.
Or why a producer would want both roles or the power to make decisions over the director
Producers carry tons of responsibilities. Keeping connections, finding ways to negotiate rates with everyone. Good producers re-invest in another project.
Why Filmmaking is a flop business? How producers earn money? I discussed everything in one video
Here is link➡️ czcams.com/video/sEETauP1_zc/video.html
#cinephilerifat
@@LatinxNationSir have you ever produced any film?
Great information!!! Never thought of a producer, but now that seems better than being a director!
Great films need great producers!
There’s different types of producers. Executive producers has to rely allot on their line producer and PM’s
If money is more important to you than Art, become a banker.
@@miyahtallulah ...or a producer.
Thank you for explaining this with useful, clear examples!
Thank you for the great context and educational information here.
Thank you for such clarity.
A lot of people want to be writers, which is hard because of not enough space. This thing about the producer, makes it a little surprising why so many wants to be writers, compared to how many people wants to be producer.
Very educational! Thank you😊
Great educational piece of content!
Nicely presented.
Very interesting topic, TY for your content
Very helpful. Thanks!
That’s what I’m talking about thank you so much excellent!
I didn't know that, very interesting. Thanks
Awesome thank you!!!
Very interesting i didnt know that… thanks for the insight
Great information 🙌🏾
Thank you..hi from El Salvador
Producers do not “get to keep” the unspent budget. And “using budgeted money to their personal benefit” in the way described is stealing and fraud. Also, you do not need to pay dues to pga to get a pga mark, and the number of days on set is a tiny factor is an extensive set of criteria to qualify to use the pga mark. Where did the information in this video come from….?
That's what I thought. The scenario described would be a ridiculous fraud. No way this is happening.
I wanna join the movie industry.
@fatopossum What?
Sounds great.
I did not know that. Thanks.
I actually thought the director and actors made more than the producer.
On independent maybe yea
Very interesting!
Thank you
great video.
Great work. Give us more BTS and inner workings of film industry. Cheers. BobbyGiggz
The p.g.a. credit at the end of one's name in a film does NOT require membership in the Producer's Guild. Nor is it predicated on a certain # of hours on set. That accreditation is vetted based on the actual work/labor contribution to the project (in person or virtual) -- vs just writing a check, greenlighting or other cursory participation as you noted at the end of the video.
Also, I echo @LatinxNation as well. The role of a producer is well more than managing the budget and there are way too many who carry a producer title and responsibility who do NOT out earn others in film or television or other project mediums.
Yeah, this is an interesting video but not necessarily 100% factually correct.
My question is how does a production company movie production company I mean make a profit like you got actors who own their own production company how does that production company make a profit and do they get a cut of the box office
Right?
So basically if you have a film budget given of 20 million, but you only use 15 million out of that, can u keep the extra 5 million dollars from the leftover budget?
Yes. You got it. This is why producers are always screwing people out of money. They keep what they don't spend.
@@Crimsonengine oh, so good producers will focus more on spending the whole budget to make the quality of the film better instead of buying cheap stuff to keep a higher diffrence. So if that’s the case then how do producers legitimately earn money from a film, do they get a percentage of the budget or points on the films revenue?
Good producers use the extra cash for marketing. Marketing your project will dictate how successful your movie will be
Why Filmmaking is a flop business? How producers earn money? I discussed everything in one video
Here is link➡️ czcams.com/video/sEETauP1_zc/video.html
#cinephilerifat
Nice, mentioning one of the greatest movies of all time produced by the one and only Sam Spiegel.
Thanks
My goal is to become a movie star first then become executive producer of my own movies and not do anything.
Sir what are you smoking?
You won't do anything with that attitude.
power, control, money, ...and risk.
ty for this now i can invest on tv series
What is the difference between film distributor and producer/production company and who earns more.
How’d you back/side light yourself in this video? I love the separation you got from it!
I was thinking the same thing
I don't believe that studios, which are part of huge corporations, would allow a producer to pocket the difference of any unspent funds. They have all the resource in the world to account for every penny and ensure legally that any unspent funds are returned. If producers do makr alot of money it will be off any development deal or backend they get.
That's one hell of a hustle they've got going on. And I thought the mob was only in New York City.
c47 name came from the military item ordering sheet i believe.
In a world where these same producers are bidding down most of the skilled roles on set and not paying them full rate with what was saved, this is really wrong.
As a producer most time you spent the money for the production most time. So, definitely after the job it's out and you have paid the actors and crew. The net profit becomes yours. For example A TRIBE CALLED JUJAH.
I want to be a film maker and also a producer some day, thanks for the video
No worries! There's money to be made :)
Where do producers get the money to make a film? Is it different for blockbusters than indie films?
I imagine Brad Pitt having pictures of himself and Picassos’ next to them as well. Great video! Very cool information!! 🏆
Can I ask , who owns a movie ? For example Warner Bros finance a Chris Nolan film like Tenet , who owns the movie ?
whoever finances owns it.if several companies finance, they each own a percentage of the film.Then the marketer/distributor steps in and because they are also spending money ask for a stake too from the owners to share the risk and earn money. nolan's syncopy financed tenet though 100%.warner bros marketed and distributed
@@brianmunge2001 I fairly certain Warner Bros gave Nolan $200M for Tenet & the distribution and marketing is a separate issue.
There’s no way in hell he financed it with he’s own money. Only George Lucas has ever done that with Empire & Return of the Jedi.
It is listed as the only production company. You can look it up. It is important to us anyways so i hope i answered your question
Warners only distributed it
Wouldn’t the investors want a record of all expenses and if they are under budget then the money would rightfully go back to the investors??
They would, but it's pretty easy to hide 'expenses' in the budget. Cocaine for cast and crew was routinely part of budgets until the 80s :)
Carolco Pictures.😂🤣🤣
Producers so out earn everyone in the film industry, that's why everyone are becoming one because they make the most money it's not how much you make, it's what you do with that money. A producer can make $100,000.00, a million, millions, or maybe even billions from making movies. For instance look at Tyler Perry he's a billionaire, Spike Lee made $7 million from his very first movie, even small tim unknown producers made $80,000. But just like I said it's not how much you make it's what you do with that money. A lot of writers and actors are on strike because producers are saying they cannot afford to pay them, so they're using artificial intelligence to be actors and using AI to write there scripts and these producers are big time millionairess and billionaires. That's why I say it's not how much you make, but what you do with that money. And they're not paying those actors enough they can barely pay their rent. If you're a huge big time producer and your film crew is on strike then and being replaced by a robot or if there voice are being used and it's a robot and not the real actor's voice you must not be managing your money right and I am not being funny because I know God is watching me right now as I write this. I don't want God to put me in that same position when I become a producer because if you're being funny God will punish me, so God I'm not being funny
I've heard it said that George Lucas is a better producer than Writer/Director. Is that true?
I don’t think a lot of the alleged budget of Rings Of Power ended up on the screen.
Budgets are just marketing. No-one knows what it cost, only what they paid or got paid.
@@Crimsonengine Ah ok. Interesting.
Now I want to be a producer
Producers 100% deserve their big gains. They do the hardest and most dirty work in the industry, while running the most risk.
Unfortunatly no creative ever realizes this and they keep moaning and whining about the producers being paid so much.
Yet to meet a producer I can respect.
No different than the drug business only difference is......their not selling drugs their own the drugs
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7:50
Because people want more money?
Or because they want to be in control of how the money is used in the film.
harvey weinstein is such a despicable man in every way. great video, i've learnt a lot, thank you!
The actresses who said yes because they wanted to be stars are also part of the equation.
Now I know why Thor looked so bad
Sell your souls for 11. The big secret. But you live in a book , and to find out your not going to be welcome in any of the 21. Men and woman will never again have to be controlled by creatures pretending! Ha-ha
Thank you