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NYT article: "...the average production cost of a feature film submitted to Sundance is roughly $1 million..." (???)

Without knowing much about that $ figure, my first reaction is that it sounds way too high. From this New York Times article:

"At some point, however, anything is better than nothing. By Mr. Sapan’s estimation, the average production cost of a feature film submitted to Sundance is roughly $1 million, which would put the total cost of films submitted this year at about $3.7 billion. Only about $120 million worth make the schedule, and of those less than $30 million worth will find their way to market through the traditional system."

Read the rest at NYT.


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Comments

chutry said…
That's not terribly surprising, especially if you have a few films with all-star casts that were made for $10-20 mil or so. But it may be a little high.

I'd say the median cost is somewhat lower given the number of films made in the six or even five figure range.

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