The document discusses a fictional low-budget film production company called TMC that is making a horror film on a budget of £1 million. It discusses how successful horror films like The Blair Witch Project and Paranormal Activity were made on tiny budgets in the tens of thousands yet became hugely profitable franchises. These examples inspired the company to pursue a low-budget model. The company will use unknown actors and distribution by UK company Film 4 Productions, which has experience with both low and medium-budget films.