Percentage budgeting is idiotic

Some of you may have heard of George Lucas. He’s the guy who wrote and directed the first Indiana Jones and Star Wars movies. He’s one of the few writers, directors, or filmmakers full stop who makes it to the Forbes list.

Well, his breakthrough film was a little “coming of age” film called American Graffiti.  In that, the actors joke that there was no budget for chairs.  Joke?  Maybe there really was no budget for chairs.  According to the editor, most of the sound budget, pretty much the entire sound budget, went to songs.  According to some internet sources, the cost of licensing the songs cost 90k, out of a 777k budget.  That’s more than 10 percent of the total budget.

For his next film, Star Wars, the music cost a little more, but it was a much smaller percentage of the overall budget.  According to Den of Geek, the score for the first Star Wars film cost about 100k, or less than one percent of the total budget. Continue reading Percentage budgeting is idiotic

Why new technology should never be used to measure inflation

The UK government is cheating with inflation figures. For a while, camcorders were on the list of items in which prices were compared to overall inflation. Now, action cameras are.

Why do I call this cheating? New tech always starts off expensive and drops in price. The initial price is what funds development. Then, after ten or twenty years, the patents run out and the tech drops even more. Continue reading Why new technology should never be used to measure inflation

Why I connect to shady characters

Some of you are great. If you’re reading this, you’re probably one of my best connections, one of the real people I trust. Or, you’re connected to them, trusted by them, and a great person.

However, there are other people who invite me just to expand their own network, or to try and con me out of money. You’d think I would avoid these people. But, hey, I’m a screenwriter. Or I used to be, before rebranding myself as a “Project Manager.” I love stories, and comedy.

The recent addition to my list is a so-called hedge fund manager. Here’s an excerpt from his profile: Continue reading Why I connect to shady characters