ELI5: Explain Like I'm 5

Production budget

A production budget is the money that a movie, television show, or other type of creative project has to spend to be made. This money is used to pay for things like the actors' salaries, special effects, costumes, sets and other costs related to creating the project. In order for the project to be successful, the producers need to plan carefully and make sure they stay within their production budget. This can involve careful planning and deciding which parts of the project are the most important (which will get the most of the budget) and finding ways to save money on other parts.
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