BRISK:
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I would probably expect to spend $40,000+
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Yea.. and allow a decent lump of "contingency funds"!
It may be easier to buy material - (also saves work!) - there is load around "hidden" in weird places. I think we got a load on masters of Euro hardcore content which I'm waiting for a price on - this is "pro" material used for TV screenings where the hardcore was shot as a side "benefit". Stuff like that can often work out far cheaper as long as all "rights" are in place.