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How to Save Budget in Media Production

The three main stages of media production are pre-production, Production, and finally, post-production. Pre-production involves the first stages of pl…

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How to Save Budget in Media Production

So how much will this project cost? This is the one question most clients ask. You do not want to chase away your customers with exorbitant prices. Subsequently, how will you, as a producer, make a maximum profit while providing your clients with high-quality production but at a pocket–friendly price? So, visit this website to get your way around a free video maker to make high-quality productions while saving money.

To figure this out you need to pay great attention to the stages of production and on that note come up with a low-budget strategy. The three main stages of media production are pre-production, Production, and finally, post-production. Pre-production involves the first stages of planning, scripting, and storyboarding. Production entails the shooting or recording while post-production entails everything done after the shooting which is mainly editing and coming up with the final copy.

The following tips will help you save on budget for your media production:

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Pre-Production

If you’re looking to trim costs, review your pre-production activities for they can be time-consuming and expensive if not well-handled.

Format Choice

If you’re creating a video for marketing, for instance, choose a format that will be less expensive. For example, a staged video with a couple of characters shot in different locations would be quite expensive. On the other hand, a documentary would be cheaper since you do not necessarily need a studio or actors. Moreover, it is more honest and shows your audience what it is really about

Scripting and Storyboarding

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If you cannot afford professional scriptwriters, you can opt for in-house scriptwriting with tips obtained online and with comments from your colleagues and professionals which will be cheaper.

Also Read: The ultimate guide to Digital Marketing

Production

Simplify Your Video Production Using a Free Video Maker

There is the software you can use to create templates for every video package you offer. A more cost-effective approach is using the free video maker to create video templates you can use each time you want to create a similar video, whether for advertisement or a movie trailer. This will help you plan for and anticipate costs in a much better position.

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Your template can include basic features required for every project such as audio recording, videographer, and crew. You can then charge extra for each ad such as animation and licensed music.

Save On Travel Expenses

Thanks to technology, you do not have to go to every location of interest to record a video. Some of the free video makers have an additional feature called the Chroma key which you can use to edit your background and forge a location. This is the green screen effect.

All you need is to set up your backgrounds with a green or blue cloth, paper, or wall. Shoot your scenes as if you’re in the location you desire then edit your video.

Save On Labor Costs

Almost all professionals needed during production are paid per shift shooting your budget way up. There are interns and newcomers however that would love to work with you such as editors and designers to build their portfolio and experience. This is idyllic teamwork that would help you get more work done at a lesser period and cost. Nevertheless, you must have experienced professionals to give that quality production.

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Use a local video production crew to save on costs that you would incur for flying them in, paying for accommodation and other allowances.

Also Read: 6 Best Google Chrome Extensions for Digital Marketers

Save On Time

Considering everyone is paid per shift, to save on budget, you need to squeeze the maximum out of each day. Shoot several clips at a time then use the free video maker later to either split, trim or combine the videos into one.

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Save On Equipment Expenses

Want to shoot a video but on budgetary constraints? Do not worry you already carry around a video production studio. Your phone, depending on the quality can be used to shoot videos and edited later using the free video maker to add those effects that you would have to use to the camera to incorporate.

Rent equipment locally as well to save on costs from sound to cameras to lighting gear.

Post Production

This takes the longest time and work. Just like in the textile industry, you can harvest cotton in just a day but it will take weeks to come abreast with the final product; coats or trousers. The free video maker is your number one go-to at this stage. At the comfort of your house, use the features and tools provided to edit your video into the high-end final product you have always wanted such as with:

Special Effects

The free video maker lets you save on funds you would have otherwise spent on creating effects such as fires, gunshots, and earthquakes. All you need is your laptop or phone, ideas, WIFI or data, and the software to create these effects during editing.

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Color Correction

Edit the tone and texture of your video using the free video maker. You do not necessarily need a professional for that. Adjust sharpness and brightness to produce high-quality and clear video.

Final Thoughts On Free Video Maker

The market for media production, such as in film has been going through upheaval. This is because as technology advances, so do the costs. With proper planning and budgeting, however, it is possible to produce quality productions.  This, of course, is without necessarily going for loans or spending extravagantly. Do not give up on your dreams due to financial constraints, keep cost-cutting and trying until you reach your goals.

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Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

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More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

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More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

Trouble for Microsoft and OpenAI over copyright infringement is not coming to an end, as they face several lawsuits for violating copyrights.

On Tuesday, eight US newspaper publishers sued Microsoft for illegally reusing articles in AI products.

The 98-page long lawsuit further accused the tech companies of attributing erroneous information to the publishers.

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The eight newspapers that have filed the lawsuits include the New York Daily News and the Chicago Tribune.

They allege that OpenAI’s ChatGPT used their copyrighted articles to perfect its language models without permission.

The lawsuit was filed in a New York federal court on Tuesday. The publishers claim that OpenAI’s large language models, GPT-2 and GPT-3, were perfected using datasets containing text from their newspapers.

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The language models are designed to produce text based on human inputs and reproduce copies of the publishers’ works. Microsoft has been indicted for using newspapers for its Bing search index but seldom provided links to the original articles. Four months ago, The New York Times also filed a lawsuit against OpenAI, accusing the tech giant of using data from its past content. It also asked for consent for usage, criticizing the use of full article excerpts in chatbot responses.

The latest lawsuit filed by the eight news outlets also demanded consent and fair value for using their content to perfect the AI language models. The lawsuit alleged that the AI tools literally regurgitate their content without directing users to the content source.

The lawsuit filings stated, “This lawsuit arises from defendants purloining millions of the publishers’ copyrighted articles without permission and without payment to fuel the commercialization of their generative artificial intelligence products, including ChatGPT and (Microsoft’s) Copilot.”

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The eight newspapers that instituted the lawsuits are as follows:

  • The New York Daily News and The Chicago Tribune, both owned by Alden Global Capital
  • The Orlando Sentinel
  • The Sun Sentinel
  • The San Jose Mercury News
  • The Denver Post
  • The Orange County Register
  • The St. Paul Pioneer Press

OpenAI’s Response

OpenAI did not directly respond to the accusations but stated that it takes great care to support the news and media outlets. It also stated it is in continuous partnerships and conversations with various news outlets around the world to explore new opportunities, discuss problems, and seek out solutions.

Microsoft also stated that OpenAI has entered into fruitful partnerships with a number of publishers, which includes The Financial Times, The Associated Press, Spanish conglomerate Prisa Media, and Germany’s Axel Springer.

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Net Worth

Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

Alan Patricof Career

Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

Alan Patricof’s Net Worth

As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

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Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

Alan Patricof Height and Weight

While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

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Also Read: Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Also Read: Dave Ramsey Net Worth 2024: How Much is American Radio Personality Worth?

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