This year for first time we have two new students from Latin-american in our Movie Director’s Master (face-to-face and distance), one from Honduras and the other one from Mexico. So we’ve made a research to know better all the rules in these countries to give them production support. And in this post we want to share with you the documents we’ve worked in: Budgeting and Financial Structure templates (in Excel format).
Honduras is working in these moments to create a legal cinema frame to be able to receive international grants and to belong to Ibermedia program.
México has a great National Institute of Cinema (IMCINE) with many grants and tax breaks (EFICINE 189), and deal agreements with other countries and institutions as FIDECINE that gives risk capital and credit support.
In Cannes and Berlinale film festivals last editions, and in general all around the world, creativity from Latin-american countries has been awarded for its fresh view combined with hard, reflexive and beautiful issues.
So if you’re a producer and want to coproduce with these countries, first take a look to their standards in financial templates. They’ve a great influence from USA standard models used through Movie Magic Budgeting software.
These is an easy model (using or not the software), it’s easier than the Spanish one (from ICAA)…
The first difference is that the budget is split in two big parts: Above the line – Below the line (arriba de la línea y costes de producción). Above the line are costs that could change depending on “caches” or VIP members salaries (developing, script, director, producer, main cast).
“Below the line” or “costes de pre-producción y producción” part are the costs that are stable or regulated and you can confirm them in advance without problems (through quotations, unions regulations, etc.).
When you pitch your film project, you say “900.000 dollars below the line” as budget meaning that this is the basic cost of your film and depending on director, actors, etc. choices it will be increased in different ways.
To explain the financial structure of your project, we’ve attached in Excel a template of “Financial consolidated structure”. An easy way to express the financial strategy of your project (national and internacional grants, tax incentives, risk capital, own capital, etc.)
These two documents are standard and are requested in all public grants applications, so we think it’s important to know better theseLatin-american templates.