The genre of horror is known for producing low budget, high quality popular films. Jeremy Gardner, a director said that fans of horror films are more interested in how the film will affect them than seeing the movie stars. Therefore horrors can focus on provoking a reaction than on expensive casting choices.
On Hypable.com's '20 low budget movies that became massive blockbusters' list, eight out of the twenty were horror films. The first being a huge horror favourite 'Halloween' was made on a budget of $325k and made more than triple that bringing in $47 million. Others that featured in the list are:
Friday the 13th, Budget: $500k Box Office: $59M
The Purge, Budget: $3M Box Office: $89M
Night of the Living Dead, Budget: $114k Box Office: $42M
The Conjuring, Budget: $20M Box Office:$318M
The Blair Witch Project, Budget: $60K Box Office: $248M
Saw, Budget: $1.2M Box Office: $103M
The most profitable film ever made based on return on investment is Paranormal Activity. It has a small budget of $15K and in the box office made $193M. It made 12 times its budget and has successfully had 5 other films made surrounding it.
This shows that horror films don't require huge budgets in order to be successful. They can be simply made yet still be effective.
A good, concise summary here Naomi and I like how your blog is really visual. For the economics post could you relate to your own film making as you will be doing a Paranormal Activity style film - why is this a good thing for you? I think it's very relevant for your idea. Some in depth posts here but quite a few posts missing - upload as soon as possible.
ReplyDeleteNext Steps:
NS3 - Read through the research section of booklet carefully.
NS1 - More detailed research needed on the genre you want to make.