| Filmmaker here - Parasites budget was in the 10 million range. Paranormal Activity's initial budget was in the 15K range (tiny, even when it was shot 15 years ago), a further 200k was spent on post production and reshoots when it was picked up by a major studio. This doesn't count the many millions both had spent on marketing - which is often up to twice a productions shooting and post budget. High end filmmaking has gotten 'cheaper', in that you can use virtual production to simulate environments etc. And undoubtedly shooting 'digital' is cheaper than film development. Although nowhere near as much cheaper than you might think, once the cost of a DIT and professional colour grade is thrown into the mix. However the standards of both independent film and TV production are enormously higher than they were 15 years ago. It's not that it's impossible to make something cheaply - I'm involved in the kino kabaret movement, where amateurs and professionals alike join together to make effectively zero budget films over a weekend. However - the cost of producing a decent film has not dropped to a few thousand. Quite the opposite. Given the high production value of contemporary indies, it's inarguably more difficult now to make something that will play festivals and sell to distributers for an 'ultralow' budget. Moreover, lots of the budgets you see quotes are as low as they were because the film was effectively subsidised by a small production company. In other words, everyone worked for free and used borrowed gear, often worth hundreds of thousands. For reference a fully kitted out Arri Alexa 35 or LF is over 90k euro to buy, and over 1k per day to rent. A decent budget for a short film is in the 40 - 50k range, once everyone is actually getting paid for their time. Couple of million dollars / euros would be a low budget film, with favours pulled in and everyone working for less than half of their rates for commercial work. |
That proposition would mean that the reason why majority of the last decades' top budget movies were rehashed crap was because of the exorbitant profit margins and exorbitant money paid to stars rather than anything related to the movies' production. So it was just a case of capitalism hollowing out things for profit like in any other field.
> However - the cost of producing a decent film has not dropped to a few thousand.
I don't think anybody ever made that argument. What people say is that things became much cheaper and therefore democratized. Which is in line with what you said.