REQUIREMENTS OF FINANCE
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➸Finance within digital production is required for several things. It differs from each platform; film, television, website, game and radio. It is important to meet these requirements in order to produce a successful and engaging media text.
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FILM AND TV​
EQUIPMENT:
The minimum equipment you will need for a film and tv series is a camera, tripod, battery for the camera and microphone
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Cameraworks are a film and TV equipment rental company in Shoreditch
CAMERAS
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Most expensive Canon DSLR camera is £270 to rent per day
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The least expensive is £240
TRIPODS
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Around £150 to rent per day
AUDIO​
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Rode boom pole £24 to rent per day
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Muffler £10 to buy
LENSES
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Most expensive zoom £120 per week
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Least expensive £75 per week
BATTERIES AND SIM CARDS
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San Disk SD card £30 per week
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Canon battery £80 to buy
TALENT:
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Like the crew, you will need to pay actors daily wages and also for their accommodation if the shoots run overnight
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Money is needed to provide food for cast and crew
CREW:
The minimum crew you will need for your film or tv series is a director, who can also be the camera operator, a producer and a sound and light operator.
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Director
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Cameraman
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Producer
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Sound and lighting operator
You will need to consider the daily wages you will be paying your crew and also what it will cost to hire any professionals such as a professional animal trainer
TRANSPORT:
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Depending on the budget of the film or series, you will need a transport manager who will oversee a certain number of transport coordinators who are in charge of the vehicles to transport equipment and ensuring the cast and crew arrive to set on time
CLEARANCES:
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When an artists music is used in a film or series they need to be payed royalties
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It should be considered that songs from more major artists or labels will cost more money than songs from an independent artist
FACILITY HIRE:
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Money should be put aside to hire a studio
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Green screens need to be hired if the film or series requires CGI
MATERIALS:
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You need funding for costumes, sets and props
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You need to hire costume and set designers and also hair and makeup crew
WEBSITE
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There are a multitude of free software platforms such as Wix, which is what I have created this digital report on, which can be used to create stunning websites.
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You can pay for premium packages - Wix's VIP package is £18 per month
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CLICK THIS LINK TO FIND OUT HOW MUCH OTHER PREMIUM PACKAGES COST ON WIX
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https://www.wix.com/upgrade/website#/
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Wix website creators may choose to pay for a domain for £10.39 a year
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RADIO
https://www.profitableventure.com/cost-to-start-a-radio-station/
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This website gives an average figure for how much it would cosy to start a radio station:
HERE ARE SOME EXAMPLES OF WHAT WOULD NEED TO BE CONSIDERED
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It would cost around £3,200 to register your business and obtain licences, permits and accounting services
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Around £5,000 for promotions and advertising - e.g. the grand opening and promotional flyers
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Averagely £2,800 for insurance - compensation for workers and property casualty
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£118,000 for leasing a standard facility
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Salaries and payments of bills for the first few months would average at around £47,300
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Transmission and studio equipment would cost around £19,700 - e.g. FM radio transmitter, CDs, computers
GAMING
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The indie package gets you unlimited games, exporting rights and access to team games and sounds for £47 a year
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The education package gets you what the Indie package gets you, plus unlimited student accounts, for £113 a year
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The studio package gets you what the Indie package does, but with unlimited user accounts, for £151 a year
