Producers coordinate the responsibilities of everyone involved in a production–including agents, actors, writers and directors–to ensure that the project progresses effectively and stays within the allotted budget.
Producers come from a variety of backgrounds, but educational degrees, such as those listed below, could help add career credibility:
An understanding of both the business and artistic sides greatly benefits a producer so any additional coursework in theater or television production would also be helpful.
Producers are entrepreneurs who choose to invest time, money and energy into a film or theater production. Producers make determinations about how much money will be invested in a project and how that money will be utilized. They oversee important financial decisions including the creation of a budget, establishing salaries and wages, and production costs.
Producers work with directors, performers, managers, writers and production staff. While budgets and staff numbers vary by project size, producers oversee the every aspect of the production.
Producers are in charge of all facets of production including:
With larger productions, a variety of producers work together the make the project successful. Other than executive producers, there could also be associate, assistant or line producers who share responsibility of the entire project.
This profession is expected to grow about 10% through 2016 according to the U.S. Bureau for Labor Statistics. As producers come from a variety of other professions, it is challenging to anticipate how many producers will be added to the professional pool over the next decade.
It’s impossible to calculate the average or range of salaries for producers because most of their income is generated from project revenue. Some producers of smaller operations accept a base salary in addition to royalties. A mean annual wage rate from the U.S. Bureau for Labor Statistics for both directors and producers was around $87,000 in 2009.
Producers in theater or stage productions typically do not receive a salary, but earn a percentage of the ticket sales.