A9-69 "Budgeting Issues at the Movies"

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A9-69 Budgeting issues at the movies Requirements: 1. Budgeting for a movie can be challenging. Frequently, budget items change as the movie production progresses. If budgeting for a movie is difficult, why prepare a movie budget? 2. What reasons can a movie director have for misrepresenting the overall budget for a particular movie? Is misrepresenting a movie budget unethical? Do you think misrepresenting a movie's total budgeted expenditures to the public harms anyone? Why or why not? 3. \"If a Hollywood movie's box office number exceeds its production budget, then that movie makes a profit.\" From reading the information given in the case, do you agree with this statement? Why or why not? 4. Sometimes actors, directors, and producers are asked to take a lower salary up front and instead receive a percentage of the film's overall gross profits (from box office receipts, DVD sales, and similar revenue streams). Why might the film company propose this arrangement? Why might the actors, directors, and producers accept this arrangement? Would this type of arrangement (lower salary up front with a percentage of the film's gross profits later) make the budgeting process easier or more challenging? Why? 1. 2. 3. 4. items change as cult, why prepare he overall budget cal? Do you think blic harms ion budget, then n the case, do you a lower salary up profits (from box ight the film ctors, and ment (lower salary he budgeting