*14.3.19*

Q:

 Financial Constraints: The main purpose of a media product is to earn money. Individuals may be driven by artistic desires, but at a corporate level profit is king. Any limitation on a product caused by the need for money is called a financial constraint.

At a planning stage, a budget will be drawn up and the expectation is that the project will stick to it. different aspects of the budget will kick in at different stages. 

Failing to meet a budget will result in a reduction of profit, which could be bad news. Failure to spend enough to ensure a successful product could be damaging.

Main budget considerations:

  • Cast/Crew (pre, during, post)
  • Location
  • Premises (studios, offices, etc)
  • Legal costs (licences, copyright, etc)
  • Transport
  • Resources (production, equipment, props, etc)

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