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.
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.
The pga has a list of questions that determine what actual work a producer did on the film. If they didn’t do the actual work, they do not get the pga mark. And you don’t need to be in the pga to receive it.
Producers carry tons of responsibilities. Keeping connections, finding ways to negotiate rates with everyone. Good producers re-invest in another project.
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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?
@@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?
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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.
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….?
I went to his IMDb. Rubidium Wu. He doesn’t have many projects listed. You might get away with doing it once, but if you always hire the cheapest, that is how your movie will look. And if investors don’t get their money back, you don’t get more $ from them for your next film.
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.
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
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.
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.
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.
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.
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
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.
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
@@Crimsonengine That was the ‘80s. Now, the production accountant performs an audit at the end of the film, the state performs an audit, and even the IRS has gotten savvy to those kind of things and can perform audits. They all want to see detailed receipts, invoices, W-2s or 1099s. If you want state tax incentives, where the money is spent matters. Plus the investors want audit rights as well. Things have tightened up.
