QUESTION:What is the Value Proposition of the Serbian Film Industry?
Answer: The Serbia film sector has a history of highly skilled service to international productions. This includes competent crews, including extremely talented design and crafts people, facilities and equipment companies, studios, and post-production service providers.
Serbia is extremely cost competitive, which is particularly important in the current financial environment. Shoots in Serbia are an estimated 35% less than London and 36% less than Los Angeles. Line One of the table below shows the comparative budget of the same film in several different locations. Using the London production cost as a baseline, Line Two demonstrates that it would be 35% cheaper to film the same film in Belgrade than it would be in London.
|Mid Budget Cash||Los Angeles||Van Couver||Sydney||Berlin||Budapest||Prague||London||Belgrade|
|% cf to UK||3%||5%||1%||3%||-20%||-19%||0%||35%|
The following is a line-item-by-line-item budget comparison of below-the-line costs between Hungary and Serbia. Below-the-line costs include the salaries of the non-starring cast members and the technical crew, technical equipment, location fees, and catering costs, etc, and shows that the same project is approximately 25% cheaper in Serbia.
|SET CONSTRUCTION & STRIKING||1,864,452||989,919|
|SET OPERATIONS (25-00)||494,673||408,362|
|SPECIAL EFFECTS (26-00)||1,184,528||596,270|
|PICTURE VEHICLES & ANIMALS||742,428||400,463|
|MAKEUP & HAIRDRESSING||117,061||156,864|
|CAMERA & VIDEO||1,044,931||830,467|
|FILM & LAB||557,638||514,096|
|STAGE / FACILITIES EXPENSES||852,340||388,528|
|$ 17,073,210||$ 12,341,526|
|Serbian Savings:||$ 4,731,684|