What should I charge for life-music DVD production?
Hi all --
I have recently been hired by the owner of a music venue to shoot the live performance of a musician. So I spent three nights in a row capturing the performance with 3 camcorders plus sound. The owner of the venue has already reimbursed me for my expenses (camcorder rentals, tapes, 2x1TB hard drive for storage, $1.5k total) and asked me to tell him how much I am charging for the final product: one 90-min DVD with the live performance of a musician. This included shooting the event on three consecutive nights (5 hours each), mixing and mastering the sound, editing the movie and delivering one master-DVD for duplication. He also asked me how the three of us -- artist, owner of the venue, me -- want to split up to the profit of the DVDs. I thought that I charge him $3k for the delivery of the final product (DVD) and ask for 30% of the DVD sales. Am I too cheap or does that sound reasonable? This is my first commercial project and we will make a series of live-DVDs in the future, so I thought I shouldn't charge too much for our first joint project. Any thoughts/comments are very welcome! |
Charge $7500 for the production work and take 5% of the gross sales.
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