Difference between revisions of "The Money"

Overview

Unless you are very lucky money is a key component in any film screening. Film rights, venue hire, licences, marketing material and a host fo other things crop up. Most of them you can prepare and budget for and some may never come to pass but you should be aware of anyway. Outgoings will either come from you or from a funding source and any profit or income will come to (or through) you as well.

We have a broad view of both of these flows as well as budgetary preparedness and legal considerations.

Expense

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Income

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Single Cost vs Repeat Cost

As you put on your first screening and subsequent screenings you will need to consider how to balance your costs.

Single

Single costs tend to be larger expenses. Purchasing equipment is one of the main initial costs that film clubs and screeners consider. Most importantly you should assess if the single cost is likely to save you money over repeated costs for the same item or service.

Let us say that you have decide to start a film club that specialises in showing films from Laserdisc. Most venues, if not all, won't be able to support the format so you will at the least need to provide a Laserdisc player for your screenings. The cost to purchase a player may be £500 and the cost to rent one for a day £125. If you believe that you will do more than four screenings as part of this club then purchasing a player outright will work out cheaper in the long run and while the initial cost is greater, for every screening you run after the fourth, you will be getting better value for money from your purchase and more profit from your screenings.

This is a slightly obtuse example but it gives you a good frame of reference for making decisions about larger costs.

• Will you get repeated use out of the item or service you are paying for?
• How many times would you need to consider the repeated cost before the single cost was a better deal?
• Realistically, can you afford the single cost?

Taxation

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Budgeting

With all of this in mind you should prepare a budget before making your commitment to a screening. While your enthusiasm for putting on a screening might be unrivalled, you should do so with a clear idea of the potential costs versus the likely income from your screening.

No matter where you are in the world, or your level of financial or Excel acumen, the BFI provides a good starting document with their Community Cinema Budget Template which will allow you to try different models for income costs against the likely static costs per screening. You can also further tailor the spreadsheet to accomodate other forms of income or expenditure. Perhaps some revenue share from a local food maker who shares your event or paying someone to come and give an interesting introduction to your film.

While budgeting might seem like a dry and dull step, it is as important as the other core steps of choosing your film and venue because without some budgetary preparation your film screening could fall at the first hurdle and leave you with nothing to show for it but a hole in your wallet.

Summary

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Resources

Expense

• BFI Neighbourhood Cinema - A run through of setting up a venue and potential costs
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Budgeting

• BFI Community Cinema Budget Template - A good first step to assessing your setup and ongoing costs.

Resource Set 2

• resource2
• resource3
• resource4

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