What Does Virtual Reality Video Production Cost?
The use of virtual reality videos is a growing trend towards delivering more immersive and interesting video experiences to a consumer audience, but what does virtual reality video production cost, and is it worth the time and money invested? Augmented reality videos allow brands to engage their audience members in interactive experiences that can deliver significantly more influence, but this breathtaking content comes at a cost. While virtual reality videos may be more influential than any other form of content, they also cost significantly more than other forms of content will produce.
So what does virtual reality video production cost? The answer is, virtual reality video production rates can vary just as much as the creativity involved in producing the videos will vary. Rates can be as low as $10,000 per minute and as high as $90,000 or more per minute.
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Virtual Reality Video Production Rates
The amount that is spent on producing a virtual reality video will largely depend on the professionals involved in the production. A crew with more credentials and expert backgrounds will charge more to produce content than those who are fresh out of film school. Virtual reality videos are rather complex so it’s probably a good idea to hire only seasoned professionals to work on the job.
This means you’re likely to have rates closer to the ceiling prices listed below:
- Film Director – >$250 per hour
- Script Writer – >$150 per hour
- Cameraman – >$400 per hour
- Editor – >$175 per hour
- Actors – >$500 per hour
- Equipment – up to 100s per hour
- Studio Shooting – up to $400 per hour
- Narrator – >$400 per hour
- Audio Files – up to $1000
- Video Rendering – up to $75 per hour
- B-Roll – expect to pay a percentage between 10 and 50% of your total cost
- Miscellaneous Fees – can cost very little up to 1000s extra
Virtual Reality Video Production Costs Explained
Where is the budget most spent? In editing and in design. Virtual reality videos not only require a lot of editing, they also require advanced camera equipment and software to produce. The VR director must have a strong working knowledge of virtual reality video production and will need to plan the shoot to ensure appropriate lighting, timing, and focus if the virtual reality experience is going to fully immerse the audience.
The number of days spent in production will equally influence the cost of production. A video that is shot over multiple days multiplies the cost of production, and fast! Additionally, if the shoot is taking place somewhere that involves travel, staff and crew will have expenses associated with getting to the location and back home as well as costs with lodging and similar expenses.
Equipment is the final factor that really adds to the total virtual reality video production costs. The use of professional equipment such as advanced camera setups, dollies, specialty operators, and even drones will play a role in the final budget. Consider all of the equipment needs upfront to get a good idea of costs involved and what to expect.
Want to learn more? Give Beverly Boy Productions a call today!
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