How much money does it really take to make a documentary? http://tinyurl.com/3hu6abx
A good take on budgeting and how the “It takes at least $300,000” rule may not be as rigid now as it once was. Writer Edward J Delaney goes through six fundamental shifts that have changed the equation:
- Scarcity is gone (It’s easy to produce with digital tools)
- Abundance diminished investment certainty (the irony of democratized production making funding more difficult)
- The market has broadened (it’s not just broadcast TV any more)
- The economies of scale are diminishing (smaller docs are becoming the norm)
- The math is changing (well, that’s the premise of the piece)
- It will always be a labor of love (even if Michael Moore is rich).
The argument is logical and reasonable. He concludes:
These days, with competition that simply did not exist 30 years ago, filmmaking has to be the labor of love that makes you want to do it despite the financial headaches. The trash truck is coming down the street as I write, and those guys are not, I suspect, engaged in a labor of love. But most of us, in whatever profession or pursuit we choose, should be if we can.