Film Finance

How To Budget A Movie – Sean Reid

You should always have a contingency on everything.

[Watch the video interview on Youtube here]

 

Film Courage: Let’s say you have your full budget? What happens?

Sean Reid, Producer: Oh, I got the whole budget at one time all in the account? Oh, somebody believes in it.

Film Courage: Maybe, who knows?

Sean: Then we essentially start how we start the process. We’re officially in pre-production. We walk down to whatever that date is that we were planning on that we got them to do in the first place off of a production date that we were with some imaginary date that we put out in the sky. Now, that imaginary date’s not imaginary, especially if you’ve done some pre-work and you’ve had a conversation or maybe you’ve actually gotten to Idris Elba somehow. Now you’ve got Idris Elba interested in the project and now you actually have the money. Now, it’s a race to address Idris Elba’s schedule, when is he available? If Idris Elba becomes not available, who can we replace with that because it starts to more than likely be hinged on our package with a movie on who the star is going to be. If we don’t get a star, that might be another reason why we can’t spend the money they can put on that as it has to be and just Idris Elba or a star that we agree to in the contract. I can easily say that so that’ll give you a green light but only a green light if you can get that person and you maybe only have a window of a certain amount of time and can you make it? You’re already under the gun and you’ve just got the money or maybe this hotel is going to be demolished that we’re going to get to shoot in for really cheap because they’re going to demolish it anyway so we just rented it and we can still stay in it so we can save money on that (it was in the production plan). If we don’t make it to that now we’re going to have to pay for it someplace or build a set and…(Watch the video interview on Youtube here).

 
Sean Reid Attending The Campus Premiere – Arena Cinelounge Sunset (via IMDB)
 

BIO:

Sean Reid is a 20-year veteran Producer/Director/Writer of feature films, television programming, news and music specials. His television experience includes management roles at E! NEWS LIVE (E!), as well as, producer positions on the THE ROB NELSON SHOW (Fox), and SQUARE OFF (TV Guide Channel). Reid has a well-earned reputation for combining his instinctual story skills and technical savvy to elevate the productions with which he is involved. 

Reid’s Feature Film credits include the coming of age thriller drama REDEMPTION, featuring Brian White (Ray Donavon, Homeland), and T.J. Storm (Godzilla, Captain America: Civil War), on which he served as the Producer, Director and Writer. REDEMPTION was one of the first Indie features to be shot in HD with the Sony 900 camera. The movie screened in competition at the Reel World Film Festival in Toronto, and Playhouse West Festival in Los Angeles, and was distributed by LionsGate. Reid’s producer credits include the movies HORRORS OF WAR, distributed by Maverick; the festival hit PHIN; and the soon to be released feature, THE CAMPUS. 

While at E! , Reid served as Assignment Manager (Supervising Producer) of E! NEWS, and was the Producer/Director of E! NEWS UNPLUGGED, a series of short music performances, and one-hour specials, shot on location in and around the E! News Studios, and featuring such performers as Robert Palmer, Lisa Loeb, Steel Pulse, Peter Frampton, Everclear, and Smash- Mouth. Over time, the performances grew from a few songs in the studio’s courtyard, to full concerts shot in front of an audience of 500. 

Reid has produced over one hundred network promos and image spots, often working as a First Assistant Director. Campaigns included TYLER PERRY’S HOUSE OF PAYNE producing all of the network promos for the entire five seasons in one year. Other clients included: The NFL Network; PBS Sprout; Mothers. com; Fox’s SO YOU THINK YOU CAN DANCE, HOUSE, and LIE TO ME; BET’s CELEBRATION OF GOSPEL with Steve Harvey and the DIY Network’s LET’S GET DIRTY Campaign, which ran nationally in movie theaters. 

Reid directed and co-produced the pilot for Variety’s DVD Premiere Awards, with host Ben Stein and presenters included Vivica A. Fox and Quentin Tarantino. He also directed the pilots for The Guest House, for Executive Producers Tisha Campbell-Martin, and Monique Chennault; and #OWNIT for Oprah Winfrey’s OWN.

 

CONNECT WITH SEAN REID

IMDB

Instagram

Youtube for Sean

Youtube for podcast with J. Horton

Twitter

TikTok

 
Photo by Phil Garrett (via IMDB)



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