A corporate video has many factors that affect its cost. It varies from the type of video, length, timelines etc. Here are a few of them that determine the video production cost.
Style of the video:
This is one of the most important factors that determines the cost of a video.3d Animation Video would cost more than a 2D animation video/explainer video. A 2D video with more characters would cost less than a 2D video with lesser characters. Live action videos have different cost factors involved like location, equipment needed etc.
Length of the video:
The calculation here is simple. A longer video will have a higher cost than a shorter one. A two-minute video literally has twice as many scenes as one minute video.
Timelines:
A video requirement that is urgent and requires burning the midnight oil will cost more than a video which has reasonable fair timelines.
There are other various additional costs based on:
1) Script requirement:
If your video requires a script, the video production agency may get a professional script writer to work on the plot
2) Stock images/Videos:
Many videos require the use of stock photos and videos. Purchasing them will add to the cost of your video production.
3) Stock images/Videos:
Voice artists charge according to their versatility and experience. Also, the cost differs depending on the length of the script. Also, a video that demands more than one voice artist, will incur a higher cost.
These are the basic factors most video production companies consider before sharing the video production cost.
