History of Low Budget Films

A low-budget film is a motion picture shot on limited budget. Young or unknown directors often make low-budget films due to a lack of funding from studios.

It is not determined what qualifies a film as a low budget production. The term "low budget" is relative to a certain country and varies upon genre. For example, a comedy film made for $20 million would be considered a modest budget, whereas an action film made for the same amount of money would be considered low budget.

The most successful low-budget film was 1999's The Blair Witch Project. It had a budget of $22,000 and made a profit of $248 million worldwide. It had the highest ratio of box office sales to production cost in American film making history.

Another early example of a very successful low-budget film was the 1975 Bollywood "Curry Western" film Sholay, which cost $400,000 to produce and made a profit of $6 million, Making it the highest-grossing film of all time in Indian cinema.

Napoleon Dynamite cost less than $400,000 to make but its gross revenue was almost $50 million. Films such as Juno, with a budget of $6.5 million and grossing $230 million worldwide, and Slumdog Millionaire, with a budget of $15 million and grossing over $360 million worldwide, have become very successful films. Napoleon Dynamite, Juno, and Slumdog Millionaire were supported by Fox Searchlight Pictures, a company that distributes many low budget films, which then perform very well at the worldwide box office.

Our Trailer fits in with a low budget film as it will have to be produce with a budget of £5 million pounds, which is partly supplied by lottery funds.

Referenced from Wikipedia

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