Part 5/11:
Understanding the distinction between a film’s budget and its final cost is key.
Budget: The amount a studio officially allocates or states for a film’s production. This is often a planned figure, sometimes announced publicly, that provides a baseline for the film's expected expenditures.
Actual Cost: The real, final amount spent to produce the film, including unanticipated expenses like reshoots, extended post-production, and overruns. This amount may be significantly higher than the initial budget.