How Much is the Average Video Cost for Business Events?
If you’re new to video production for your business, chances are you’ve checked into the competition and seen what they are doing.
You probably already know what types of video you want or what business events you will hold that will include video production services. Now you’re wondering, “how much is the average video cost for business events?” and more importantly, how should your business be budgeting for annual video production expenses. This is a key question we hear a lot at Team Beverly Boy. So we set out to provide an answer.
Cost of Corporate Video Production
Corporate video production for business events can vary based on the event size, location, and production needs. Hiring a production crew includes the following professionals on your side:
- 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
Of course, you won’t have a script for a business event and there won’t be talent or actors involved so some of these costs will not apply. However, the majority of the costs are relatively common for business events.
Broadcasting a Corporate Event
Broadcasting a corporate event will have costs associated with live stream and the technology require to deliver live video to your audience. These fees can range from $7,000 or more per event per day. Keep in mind that shorter events will likely have lower production costs but much of the expense is based on a day rate so full day filming is appropriate in many cases.
Corporate Event Film Editing
Filming a corporate event and then later editing the footage to be produced into a final event teaser or other form of media will have costs associated with hiring the editor and any technical expertise required for special effects, graphics, or design. Editor rates can range up to $500 per hour depending on the needs and complexities of the film and footage. More breaks, higher transitions, and advanced effects will add to your total cost.
So what is the average video cost for business events like yours? The truth is, the only real way for us to provide you with a budget outline is to hear about your event. One day events can have budgets as low as $2,500 and as high as $25,000. The same goes for finished video rates which can range from $1,000 per minute to $20,000. Call Beverly Boy Productions today to learn more.