Introduction to TV Accounting - How to Analyze Budgets and Make Movie Magic Budgeting Easier

Hosted by Jonathan Siebel

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Jonathan Siebel

Webinar hosted by: Jonathan Siebel

Director, Budgeting & Estimation at Paramount Network

Jonathan Siebel is the Director of Budgeting & Estimation for Paramount Network. Prior to joining Paramount Network and working on their slate of television projects, he also worked in budgeting and accounting on Berlin Station, produced by Anonymous Content on Epix, and on The Unknown starring Dominic Monaghan for Crackle. He began his career working in accounting on major studio films such as Bridesmaids, Django Unchained, Thor and more. In addition to working on the studio level, Jonathan also works in the independent space, having written, directed and crowdfunded his own independent film BREAK THE WILL. Full Bio »

Webinar Summary

It's an undeniable fact that we're in a gold rush of television content. Last year, over 500 television shows were produced and a thousand more were shot either as pilots or proof of concept. This means the need for accountants and those who can work with television budgets, incentives, payroll and other facets associated with the accounting of a television project is higher than ever. This also means that many backroom people who have worked for years on feature films are making the jump to the television side. But, between the two mediums, the work is varied and seemingly changing by the day.
 
Being an accountant for television requires a knowhow of the entire landscape. Between networks, premium cable and the streaming platforms, every deal has its own parameters and variables that need to be fully absorbed and understood. Whether it's working with a variety of different unions and dealing with fringes or simply deciphering and interpreting the every growing and wide ranging array of incentives available globally, you must be on top of everything happening at the moment to assure that the back end of the project runs smoothly, efficiently, and with no fiscal catastrophes.
 
Jonathan Siebel is the Director of Budgeting & Estimation for Paramount Network. Prior to joining Paramount Network and working on their slate of television projects, he also worked in budgeting and accounting on Berlin Station, produced by Anonymous Content on Epix, and on The Unknown starring Dominic Monaghan for Crackle. He began his career working in accounting on major studio films such as Bridesmaids, Django Unchained, Thor and more. In addition to working on the studio level, Jonathan also works in the independent space, having written, directed and crowdfunded his own independent film BREAK THE WILL. He's worked on all types of projects small and large and is bringing his extensive knowledge to the Stage 32 community. 
 
With his vast and varied experience, we're thrilled to have Jonathan teaching this extremely important subject exclusively for Stage 32. While inside Movie Magic Budgeting software Jonathan will detail all the differences between a P&A and an AIO budget and show you which would be best for your project. He will teach you everything you need to know about globals, including setting up the schedule, rates, and pay hours to be used on all globals. He will define and explain fringes including state, federal and union fringes including IATSE, WGA, SAG and DGA. He will simplify and take away the anxiety of dealing with the wide world of incentives to make sure your paperwork is in line and that you're getting the best bang for your buck. Jonathan will make the complex easy and get you on the path to working consistently in television accounting and budgeting setup.
 

What You'll Learn

Jonathan Will Be Taking You Through the Ins and Outs of Movie Magic Budgeting in This Webinar Including:

Pattern & Amort, vs. All-in-One Budgets

  • Discuss the differences between P&A and an AIO budget.
  • The different circumstances you would use one or the other.
  • Define what a pattern and amort budget is, and how they should be used

Budget Set-Up

Groups

  • How to use groups: tagging your amort and pattern budgets.
  • Incentive tagging, and how to set-up the incentive calculator below. Disqualifying a percentage of spend to protect for internet purchases.
  • Day cost.
  • Prep/Wrap tags.
  • Reflecting the amortization amount in the pattern budget.

Globals

  • How to use globals to make your life easier. Setting up the schedule, the rates, and the pay hours to all be on globals.
  • Using globals allows you to manipulate a complicated budget faster.

Fringes

  • What they are and who they apply to. Individual fringes vs loan-out. Percentage fringes vs daily or weekly amounts. And the use of caps.
  • Federal & State fringes
  • ATL & BTL payroll fees
  • Union fringes: IATSE, WGA, SAG, and DGA.
    • SAG episode caps. Pattern vs all-in-one.
    • Pilot vs 1st season vs other seasons. How that affects fringes.
  • Fringe grouping! - the biggest error.

Incentive

  • Setting up your incentive to include an amount (grants) or based on group (tax rebate).
  • Making sure to give yourself a discount to protect for rejected items.
  • Excluding certain fringes: out of state labor fringes, or federal fringes (in Canada).
  • Adding the incentive on to the pattern from the amort.

Q&A with Jonathan

 

 

 

About Your Instructor

Jonathan Siebel is the Director of Budgeting & Estimation for Paramount Network. Prior to joining Paramount Network and working on their slate of television projects, he also worked in budgeting and accounting on Berlin Station, produced by Anonymous Content on Epix, and on The Unknown starring Dominic Monaghan for Crackle. He began his career working in accounting on major studio films such as Bridesmaids, Django Unchained, Thor and more.

In addition to working on the studio level, Jonathan also works in the independent space, having written, directed and crowdfunded his own independent film BREAK THE WILL.

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