Budget categories of a music video (FSA Task 1B)

Budget Categories

When it comes to making a music video for promotion and selling it to your target audience, you will get a budget that the artist will need to work with because you consider the limits of making it and making sure that you spend the money wisely so you will not get into problems although you want to be creative as possible so it can create your image within the music industry.

The budget that you will get to use is dependent on what concept you want to create, getting the production equipment required, the locations that you want to use, the types of props you need, getting the cast and crew and buying food/drinks. Though, it is a simple fact that it splits into different brackets of 25k, 35-50k, 50-75k, 100k, 150k, 200k, 250-300k and 500k+ but it is determined if you are self-produced, indie or even major label artist because with an indie/major labels, 90% of the money that is made through the music video will go towards the major and indie with the artist will get 10% but with the self produced, they will the money all themselves.

The lower budgets around 25k and 75k are normally for the self-produced artists mainly because when they put out the music video, you would see that they didn't use expensive locations or even didn't use any special effects during the editing process of the music video.

In the middle of the budget, there is money of 100 to 300k mainly for the indie label since they have artists who want to be a little bit creative with their video and are able to a little bit more equipment than the self-produced artist can as they have a smaller budget compared.

Finally, there is the bottom of the budget where the major artist is given around 500k+ mainly because it allows the artist to get more equipment, more food for the production crew that working with the artist to make the music, more advanced editing software to add very good special effects to make more interesting etc.

Example of 25K Music Video

Examples of 35-50K Music Videos

Examples of 50-75K Music Videos

Example of 100K Music Video

Examples of 150K Music Videos

Example of 200K Music Video

Example of 250-300K Music Video

Examples of 500K Music Videos

One of the first method that the artist can use to make money through montisation is through the use of YouTube which it was created back in 2005.YouTube is a video streaming service and it is used by millions of people worldwide so when the artist puts their music video on there, it will get seen anyone if it goes trending on the video service which it will allow it to become more popular globally through the amount of views that is getting and could go viral through social media like for example: Twitter, for other people for whom have not seen the video at all to go and check it out.

For every 1000 per views that is seen by the public, the artist will earn $2 dollars by adding in an advertisement into the video to make more money so in the music industry, the major and indie labels will get 90% of the money with the artist getting 10% of it but with the self-produced artist, they will get all of the money because they are not signed to any label at all.