How much does it cost to hire a video production company?
It is no secret that professional video production can be expensive. The cost of hiring a video production company varies depending on the scope and length of the project. For example, a two-minute video with minimal graphics and animation will cost significantly less than a five-minute video with complex visual effects. The typical range for hiring a video production company is $1,000-$5,000 per minute of finished footage.
It is important to note that the same video can be done for $4,000 or $100,000. The price of the project mainly depends on the scope of work. As an analogy, Eagle Wing cinematographer Andrew Eckhoff likes to share with his clients that he can either build them a 1 bedroom ranch-style home or a mansion.
What type of video do you need?
The type of video production you need will largely affect the cost of the project. A simple, talking-head style video will be much less expensive to produce than an elaborate, visual effects-laden music video. The number of locations, actors, and crew needed will also affect the cost.
To get a sense of what kind of video you need, start by considering your budget and what you want the final product to look like. Once you have a good idea of those two things, you can start shopping around for production companies that can give you a bid on your project.
Cost of specialized equipment
In the film and video industry, creating a stylized shoot usually increases production cost. A more stylized production will generally require a larger budget than a more traditional one. This is because stylized productions often require more equipment, time, and manpower to achieve their desired look.
The main cost of a stylized shoot is the specialized equipment that is required. This equipment can cost anywhere from $5,000 to $10,000 to rent, which is the biggest expense associated with this type of shoot. Other costs include any props or wardrobe that may be needed. However, these costs are typically lower than the cost of the equipment and can be negotiated.
Additionally, stylized productions may also need to pay for specialized services, such as location scouting and casting. All of these factors can contribute to a higher production cost.
However, it is important to note that not all stylized productions are necessarily more expensive than traditional ones. It all depends on the specific style being used and the resources available to the production team.
Do you need any visual effects or animation?
In the past, visual effects and animation were considered a luxury that was outside the budget of most corporate video productions. However, with advances in technology, motion graphics and animation have become more affordable and are now commonly used in corporate videos.
Visual effects can help to make a corporate marketing video more engaging and memorable. They can also help to convey a message or concept more effectively than traditional live-action footage. Animation is often used in corporate videos to create graphics or logos, or to animate text.
While visual effects and animation can add a lot of value to a corporate video project, they also come at a cost. The cost of visual effects and animation will vary depending on the complexity of the desired effect, but it is important to factor in these costs when budgeting for a corporate video production.
How long does the video need to be?
Video length is a determining factor in the cost of corporate video production. The average corporate video is between two and three minutes long. A one-minute video can cost as little as $3,000 to produce, while a three-minute video could cost upwards of $10,000.
The price difference is due to the increased time commitment required for filming, editing, and post-production when creating a longer video. Additionally, longer videos often require more complex sets and locations, which can also drive up production costs.
Despite the higher price tag associated with longer videos, they can be worth the investment. A well-executed three-minute video can tell a much more complete story than a shorter one, and engage viewers for a longer period of time.
Where will the video be distributed?
As digital media becomes increasingly popular, the question of where video will be distributed is becoming more relevant. While there are many options for distributing video, the most common platforms are online video sharing sites such as YouTube and Vimeo. Other popular platforms include social media sites such as Facebook, Instagram, and Twitter.
When planning your corporate video, it's important to keep in mind the costs of advertising on search engines and social media platforms. You don't want to overspend on production only to find out that you can't afford to promote your video.
Organic video marketing involves optimizing your videos for search engine ranking and using social media to generate buzz. Paid video marketing includes things like sponsorships, product placements, and paid advertisements. Both approaches have their pros and cons, but if you're serious about getting your video seen by as many people as possible, it's worth exploring both options.
Search engine advertising can be expensive, but it's a necessary expense if you want your video to be seen by potential customers. Social media platforms are a great way to promote your video, but you need to make sure you have a budget for advertising. Otherwise, your video could get lost in the sea of content on the internet.
Different types of video production costs
Finally, costs are incurred for different reasons.
The most common type is the cost of hiring a video production company. This can range from a few hundred dollars to several thousand dollars.
The second most common type of cost is the cost of buying or renting equipment. This can also range from a few hundred dollars to several thousand dollars.
The third type of cost is the cost of licensing rights to use music, footage, or other copyrighted materials. This can be a one-time fee or an ongoing royalty payment.
Working with Eagle Wing Productions is a smart choice
Eagle Wing Productions is a video production company that specializes in corporate videos, small business videos, and non-profit organization videos. We have a team of experienced cinematographers who are passionate about telling stories through cinematic videos. We believe that video is a powerful medium that can help businesses and organizations promote their products, services, and missions.
We offer a wide range of video production services, from concept development to post-production editing. We are always happy to make the project work within our client's budget, which often involves providing custom solutions for clients. Our goal is to produce high-quality videos that our clients will be proud to share with their audiences.
If you're looking for a video production company that can help you promote your business or organization, contact Eagle Wing Productions today. We'll be happy to discuss your needs and develop a custom solution for your project.