How Much Does Video Production Cost?
Video production is a series of events that is going to include editing, taking the shots, producing the video, and a lot more. There are many factors to consider when considering a video production company such as their experience, the value of their production, the time needed to complete the project, the format, and more.
How much does video production cost?
- The main factors that will often influence the overall video production costs will include the length of the shot, the experience of the company, the type of format required (HD or SD), and the production needed. Because of these factors, it is often hard to judge how much it will cost to produce a video.
- On average, video production can range anywhere from as little as $20 per hour to as much as $300 per hour. On the lower-end, expect a recent graduate from a film school. On your higher end, you may get a seasoned veteran that has worked with major corporations.
- If filming a two minute video for instance, one should budget anywhere from $2,000 to as much as $10,000 for middle of the line work. To give you a better idea of what the minimums should be for a shot, most will tell you to budget at least $1,000 to $3,000 per minute of the shot. This price will significantly go up if you are filming a full movie.
- According to the website OneMarketMedia.com, the price can range $25 to $250 per hour.
- CoastlineVideo.com is a production company located in the state of California. They state that they can produce a video close to the $800 per minute mark.
What are the extra video production costs?
- If you do not have a script written ahead of time, a script writer will be required. Their costs will greatly depend upon the length of the production piece. On average, plan on spending $45 to $100 per hour for a great script writer.
- After the video has been produced, editing will be needed. While most production companies can do this, many times it will not be included this in their overall price. Plan on budgeting at least $40 per hour for editing purposes.
- If you do not have enough actors or actresses on the set, plan on hiring a few for the day. Depending on the quality of the actor or actress, the prices can widely vary. Some can be hired for as little as $20 per hour while higher-end actors can demand $400 per hour.
- If you need to rent a studio or area that requires a permit, the costs can start at $50 per hour and go up from there.
- While most studios often include props, many do not. The cost to rent props can widely vary depending upon what you want to rent. This can start at $5 per prop.
- If you want to have a narrative voice over the video, voice-over work will often be considered an additional expense.
What is going to be included?
- Depending on the package purchased, most video production companies will include everything that you need. Most of the time, they will provide the prices with an itemized receipt. This is going to include the shots, the actors, props, studio, editing and finalized product.
Tips to know:
- When hiring a video production company, always make sure that you look at samples of their past work. Many companies will provide these through the website. If you find a company that does not provide samples, steer clear.
- Most production companies will be more than happy to work with your budget. Show them your budget and see what they can do for you. Most of them will be more than happy to try to do something with the money that you have.
How can I save money?
- Do not be too cheap with video production. While it may be tempting to hire someone to do a job for a few dollars, you are going to see the cheapness in the end result. Try your best to hunt around and find a production company that will do a quality job for the lowest rate.