Films are made with a specific budget. Finances are to be settled well before filming so that the shoot will transition without any problem. However, this is not always the case in Hollywood. Year after year, the production expenses in a film increase as audiences demand better quality, whether it be the special effects, the set, the costumes, all of the above.
The production of a film is the time in which it is created and shot. The set designers and staging crew will design the set. The costume designers will create the attires for all characters and extras. The director, assistant editor, sound editors, script supervisor, and actors will work together toward the completion of the film. The distribution team will oversee the final stages of the film, make the necessary adverts, and schedule the release date at the cinemas. They also organize the launch parties and press releases. All these preparation and production will cost a considerable amount depending on the materials and the people that were involved in the film.
Most expensive film of all time
As filmmakers produce films every year, there is a great chance that a newer, flashier film will outdo the most expensive movie of the current date. However, over the course of time, people also realize the secretive side of accounting a movie budget. Most film producers do not declare the total cost of their films. For the longest time, it was “Pirates of the Carribean: On Stranger Tides” that held the record budget of $378.5 million. This is followed by “Avengers: Endgame” at $3.65 million, “Avengers: Infinity War” at $356 million and “Avengers: Age of Ultron” at $316 million. “Pirates of the Carribean: At World’s End” and “Justice League” tied in fifth place at $300 million.
Several factors affect inflation in making a film. Film has come a long way from the silent era. The movie budget of that time cannot possibly survive with the demands of the current time. The invention of better cameras, sound equipment, special effects, sets, costumes, has only pushed the envelop for newcomers to raise the bar even higher. This continuation of pushing limits, in turn, makes the demand for better, more expensive equipment in creating a “better” film.
In the ’90s, the bar was even raised further. Two films directed by James Cameron cost $100 million for True Lies, $200 million for Titanic. This has set the bar to production cost for good quality movie all around.