Producers salaries

S

Salkema

Hi there, I was wondering if anyone here could explain to me about producers salaries?
I've been thinking for months about becoming a film producer and there are things I don't know.

First, I've heard some producers earn a % of the production budget + a % of the film profits.
I've also heard ppl say that producers ONLY earn money if the movie makes profits. This wouldn't be a good deal since most indie films lose money.

Are producers well paid?

How much would a guild (Producers Guild of America) producer would charge for a movie?

Sincerely.
 
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Thanks for the response and links guys, but I am more interested in knowing if producers charge a % of the production budget, and if they do in what % range.
Also, are guild producers paid a lot more?
 
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rayw said:
http://www.bls.gov/ooh/entertainment-and-sports/producers-and-directors.htm

http://www.bls.gov/ooh/entertainment-and-sports/producers-and-directors.htm#tab-5

http://www.bls.gov/ooh/entertainment-and-sports/producers-and-directors.htm#tab-7
Click to expand...

Hmm, the first link states that the median salary is about $68,000, but it also says many hold another job to earn a living. This implies the $68,000 is not all due to being a producer or director but is instead from that second job.
 
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Typically, the producer is the person who organizes the project, secures funding and hires everyone else, so s/he is paid whatever s/he budgets for him/herself. A producer who does not do so in a realistic fashion will not be doing it for very long.
 
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“Producer” can mean many different things so there is no general
answer. There are producers who find the money for a project, there
are producers who are a business partner in a prodCo, there are
producers who earn a salary.

A producer of a small, independently made movie may work for
nothing - getting a percentage of the sale.

A “partner” producer may get a small fee and then a percentage of
the sale and profits.

A studio producer will get a fee and a percentage of the profits.

Salkema said:
I am more interested in knowing if producers charge a % of the production budget, and if they do in what % range.
Also, are guild producers paid a lot more?
Click to expand...
Some will charge a percentage of the production budget. That could
be as low as .5% to as high as 6/8%. It would depend on the person
(their experience) and the project. The Producers Guild does not set
wages like the WGA or DGA does. From their website: ”The PGA does
not have an industry-wide Minimum Basic Agreement at this time, so
pay rates are subject to negotiation in one's Personal Service Contract.”

So if you want to become a producer you will set your pay and your
percentage of sale and profits for each project you produce.
 
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