Where does funding for the following
come?
Finance for
films come through government grants and tax incentives combined with accounts
for 21% of film funding.
27% of film
financing came from private finance / high net worth individuals
(stephenfollows.com).
Tax
incentives and government funding combined account for 21% of film financing
for feature films. The producer is responsible
for funding the film until that point and must pay any
additional costs if the film goes over-budget. The producer will then
take that contract to a bank for a traditional bank loan or to equity investors
as collateral. The studio and producer will then share profits.
An example
of a commercial channel is Coronation Street which is sponsored by Compare the Market,
which is the UK’s longest-running television soap. Coronation Street focuses on
the everyday lives of working class people in Manchester, England. The funding for
TV programmes comes from the customers who pay to watch TV programmes such as
Coronation Street. More people watching will suggest more people paying TV
license fee. TV programmes do gain profits which they would keep. Such as Coronation
Street is a commercial channel as people who want their adverts shown, this is
a way they gain money from them being sold.
The BBC
provides different programmes for people to watch. They are funded through
people paying the TV license fee. An example of some of these channels are
Sherlock which young people may feel interested in watching. The BBC provided
gift in kind office facilities and a grant to reflect the value of programming
that BBC Media Action provides to BBC World Service. (kickerstarter.com).
Crowdfunding
is a collective of cooperation, attention, and trust, by people who network and
pool their money and other resources together, usually via the internet, in
order to support efforts initiated by other people or organizations. Examples
of Crowdfunding websites are Kickstarter, JustGiving and startsomegoods. Kickstarter
is the one of most noteworthy crowdfunding resources with a proven history.
GoFundMe is another popular crowdfunding site, although it focuses more on
charity and individual causes than businesses.
The National
Lottery Community Fund, legally named the Big Lottery Fund, is a
non-departmental public body responsible for distributing funds raised by the
National Lottery for "good causes". The British
film institute use the National Lottery funds to support new film makers in the
UK. British Film Institute (BFI) is a film and charitable organisation which
promotes and preserves filmmaking and television in the United Kingdom.
Newspapers
or magazines make commercial sense as they are advertising different adverts to
make money. Extra costs can be added when there is extra news coverage added. Online
news providers were heavily used, and although most continued to carry banner
ads, the nature of most of them was unlikely to offend. An example is Newspaper
such as ‘The sun’ has influence on people to vote for conservatives when they
are persuading people why they should vote and the benefits of them voting for
them.
Magazines
influence individuals by the celebrities that are on there. Which encourages
people to be like them. Hence why people buy magazines to physically view this.
Some independent magazines have turned to branded content and other forms of
native advertising to bolster their business models. Print media sales
are going down but Newspapers are still influencing people. Adverts,
subscription magazines. Magazines are less popular due to everything being
available via social media. Magazines are not popular as everything is provided
on the internet. Magazines are funded by advertisements, subscriptions.
Advertisement takes a big part in the media as this is how producers make their
money.
The way
newspapers are produced hasn’t changed since 1970s. However, they have declined
in sales as everything is available electronically. As online everything is
updated immediately whereas, with Newspapers information is given the following
day. The Newspapers money is coming from Advertising but isn’t as much. The
sales of newspapers is declining because people are not buying it. Newspaper
producers still want to own them due to free press and as Newspapers having
‘freedom of speech’. As newspapers can question and hold political leaders I
account. If the internet didn’t exist then newspapers would be bought often and
would make more profits.
(In the UK)
an annual fee, used to finance the BBC, which is payable by each household in
which television programmes are watched. The BBC is there to cater everyone’s
needs whether they are interested in watching TV or not. Such as people who are
deaf, blind, have learning difficulties or any sense of disabilities.
Guaranteed income is £150 by anyone who owns a TV. The BBC is owned by the
people who watch it as they are watching the channels and this is how the BBC
are making.
The costs associated with media
production:
1. Magazine- ‘Teen Vogue’.
The editor, journalist, writer would
need paying and their salary would be around £15,000 but the
typical salary range for others is around
£20,000 to £40,000. The journalist would have
to travel and be provided with an
average salary of $53,500 a
year. Payment for copyright fees would need to be paid and taken permission for
such as the use of images and text. The difference between staffers and
freelance is staffers are hired for certain number of hours. Whereas, freelance
is people who are self-employed and are hired for companies or specific
professional support. The journalist is the person who would travel out to
other countries where there has been numerous incidents. They would have to be
provided with accommodation and travel costs. For example, New Zealand attack a
journalist had to fly out within 24 hours to reach in time to interview people
and put it on media sites. This can
involve the journalist having to use specialist equipment such as cameras,
lighting etc. Freelancers can travel quite a bit but in a lot of cases the
places they go for work.
There are extra costs for when magazines are
being produced as they have to be printed even though people may not buy them.
For example, they need to print 6M copies everyday which costs a lot for paper,
ink, colour and images. Magazines are similar to Newspapers it is something you
need to go out and buy from supermarkets and specific shops. However, they are
less popular today as everything is newly updated online and the internet is
more popular today. The extra costs for Magazines can involve transport when
the Magazines are being taken from the warehouse to every local shop they can
possible be taken. The fuel of transport can cost a lot as drivers are
constantly driving around to get them to supermarkets.
2. Newspaper- ‘The Sun’- production
The producer, photographer, journalist
would need paying their salary. Journalists
working in the newspaper industry earn an annual wage of $39,130. The journalist has to travel and they earned a median
salary of $39,370 as
of May 2017. Accommodation would need paying for the journalist, this includes
anything the journalist may need while they are travelling. Other costs for
travelling would need to be provided such as transport, food, and clothing. They
would need to pay for copyright fees such as pictures and specific videos
online. They would need to be paid as they are being used to allow the audience
to know. Production costs for newspaper are extremely high as they have to
produce over 5 million copies of newspapers regardless if people buy them or
not.
There are extra costs for when Newspapers are being delivered
as they are taken to supermarkets, shops in a van which suggests that costs for
fuel are high too. They don’t come to your door it is something you have to go
out and invest in. Newspapers are environmentally unfriendly because they are
used less as they don’t always have the latest information whereas online
everything is updated very often. The fuel which is released impacts the
environment badly as it causes more pollution and money too, such as insurance
for the van.
Staffers are people who are hired especially for a newspaper
they may be working certain number of hours. Whereas, freelance are people who
are self-employed and are hired to work for specific support such as writing or
editing.
3. Film: ‘Polar Express’
People who need paying would be the
characters, higher standings, writers, directors, lighting cameras.
Polar Express which is film produced
in a winter cold day which uses different rented machines. Rental equipment
would be needed such as snow or rain machines. Other equipment would be needed
such as sound equipment, camera package and a set of camera lens. They would need to pay for copyright fees such as sound
effects, music, scripts, cinematography. They would need to be paid because
they are using someone else’s work which means they have the right to ask for
money. The salary for film editors, writers and producers is extremely large.
According to work.chon.com site, average Pay for film or video editors make an
average annual wage of $66,690, or $32.06 an hour.
Films can become costly if they need
specific place such as studios to get better lighting and better atmosphere to
perform in.
Costs and Logistics
In 2016,
Star Wars episode 7 film released its date but then pushed it back due to
Harrison Ford injuring his knee. If this did happen then it would be really bad
but didn’t happen thankfully. This meant that this film was finished in time
and was released exactly on time. However, if Star Wars wasn’t released on time
people would have been annoyed and put off watching it due to watching other
famous films. It would be really bad if they delayed it as it could lead to
their film becoming less popular. He had broken his leg just below his knee which
suggested he was in a catastrophe position. This lead to Harrison Ford being in
a vulnerable situation where everything had to be done quickly. Followed by
this quote, ‘Harrison Ford's on-set injury put significant strain on the
production schedule, to the point that there were discussions of pushing back
the release date of the film into 2016 (vehemently opposed by Disney), and
filming scenes of Han Solo with a body double and Ford's head digitally
inserted. Ultimately, Ford was able to recover and complete his performance.’
It’s
essential that all the actors in Star Wars are budgeting properly beforehand
and make sure that all costs are considered. Budgeting is important for certain
things such as props and costumes, actors and crews. This can include camera
equipment, or anything that’s being hired. Such as certain machinery,
transports costs hiring the location and other facilities. For example, needing
snow in a certain shop which will mean that a hired machine will be needed to
add this affect in the film. This will mean that you will have to pay the
hirers a big percentage of the profit if the production is successful. The scriptwriter
may get paid on a royalty’s basis which means that paying less upfront and
having more money to spend on the production, this will benefit the characters
as they will be making a profit.
It is
extremely crucial to make sure there is a set schedule as if anything runs over
it will cost the producers more and this can lead to their budget being blown,
leading to a run out of money. To make sure this doesn’t happen they need to
make sure everything is produced a detailed production schedule and detailed
budget.
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