Constraints ♡
♡a constraint is something you can't do, a rule, regulation, code of practice. Constraints indicate what we can do
♡some constraints are fixed eg: legal
♡some constraints are ethical issues
Factors to consider when setting up a film production company
♡personnel
♡financial constraints
♡revenue streams
♡time constraints (milestones and deadlines)
♡legal and ethical issues
♡regulation (sector specific)
Regulation - sector specific
♡each media sector has a regulatory body which offers a framework of 'dos' and 'don't'
♡ofcom/the watershed
♡radio content - racist and homophobic comments
♡office and communication
♡radio and tv
Financial constraints
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.
As well as the changing focus of the film industry, pressure is being ramped up by the boom in big-budget drama flooding TV
After the last financial crisis money dried up and the major Hollywood studios ended up cutting loads of their production slates and increased budgets pretty much for franchises and superhero stuff
Here is a list of different areas that would contribute to the financial constraints of a project
♡staffing: bigger company, more staff, more expenses
♡premises: where pre and post production takes place
♡location
♡legal costs
♡transport
♡resources
Every project needs finance and this comes through streams of revenue. These come with risk, unpredictability and return
Things that affect the type of finance that can be used/attracted:
♡size of organisation
♡commercial/government
The Guardian on film and finance
1. what threatens British low-budget film productions?
Hollywood movie system being 'Risk Averse'
Explosion in mega budget tv drama
2. what were the key findings regarding the British film industry, from the British film institutes research?
Lowest number of film institutes research
3. how did the financial crisis of 2008 impact on film-making in the UK?
Money runs out; us studios pull planned productions
4. why has a lot of funding gone to tv dramas on platforms like Netflix?
Tax break is an incentive for production companies; popularity of TV shows on platforms
5. What is meant by 'high-end TV' ?
High production values/mega-budget
6. How can 'longer story arcs' in TV drama benefit producers?
High production values/mega-budget
Reflection - is the current climate for film financing still bleak? Are small budget films still struggling and what will happen if more companies have to turn to big budget productions?
ReplyDeleteMiss Ryder