Graduates from a Film Studies program use a new opportunity in film & video production. Of course, with every opportunity comes a challenge – and in this case, the challenge is to find financing for your, or your employer’s, projects.
Using the introduction of digital equipment the scope of film & video production has widened. The usual Hollywood styled film production has stopped being the sole way to a profession for film graduates. You can find a plethora of opportunities in audio and visual applications throughout business, government as well as the entertainment industry. This means Chance of the keenest graduates to produce their own film & video projects, or to land probably the most interesting positions with leading film & video production companies.
Financing has become a dirty word for years in the film industry. The ‘Blue Suits’ and the cold heart of the banker are symbolic of the enemy from the creative. However, within this new era of opportunity you need to be both the ‘Blue Suit’ and also the creative.
How will you find a way to understand film financing, film budgeting, etc.? First let’s look at Film Studies programs. There are plenty of Film Study programs around now that I think it is confusing, and I’ve worked within the film industry for over twenty years. The Universities take a Liberal Arts degree approach to their curriculums, and the Colleges/Schools are primarily having a hands-on technical approach. In any case, it really is unarguable that Film Studies is very large business. The subsequent excerpt from The New York Times Company, published
March 6, 2005©, made it clear to me how big Kia Jam actually is:
“Some 600 colleges and universities in america offer programs in film studies or related subjects, a number which includes grown steadily through the years…. In the University of Los Angeles, whose School of Cinema-Television is definitely the nation’s oldest film school (established in 1929), fully 50 % of the university’s 16,500 undergraduate students take one or more cinema/ television class.”
Which College, School or University will best prepare the graduate for any career in film & video? If a student has invested 2 to 4 numerous years of their lives within this degree, how could they turn it into a worthwhile career?
Let’s see exactly what the Universities say with regards to their own programs, and the kind of results they expect – which is, what the Graduate will be capable of when entering the task force. This promotional letter, posted on one University’s web site, says all of it:
“A major in Film Studies will not be an occupational or professional degree. A solid program of studies within this discipline, however, should qualify students for a number of vocational possibilities. Obviously a person will need to employ her or his understanding of film either in a creative or perhaps a practical capacity and, in either case, exercise the judgment and initiative that a rigorous search for a significant in Film Studies should develop.”
The use of ‘should’ twice in three sentences tells the tale – it’s up to you, Bud!
Film Studies programs (at any level) either don’t address, or don’t address strongly enough, the main force behind all film and video production – the amount of money! If the word cash is brought up whatsoever, it’s only a handshake as well as a nod. Most undergraduate programs have hardly any reference to Film Budgeting, and things like Cost Reports and Business Plans are treated as foreign topics entirely. The Masters programs are merely slightly better.
The reason behind the void of information on such things as Film Budgets, Cost Reports, etc. within the academic sector comes from the big Hollywood production machine. The perpetual negotiations with all the three big guilds (SAG, DGA and WGA), as well as with the IATSE & Teamster crew unions has forced the producing studios to get extremely confidential.
That era of total confidentiality isn’t over, nevertheless there exists a huge demand to know more about film financing, film budgeting, etc. The newest crop of Independent Film & Video makers need to make their own projects, find nanuxb own financing and do their own film budgeting and reporting of production costs. It really is even increasingly feasible for producers to distribute their very own projects online.
Believe me, the film school graduate that has a comprehensive knowledge of their Film Studies program, AND understands the fundamental processes of Film Budgeting, Cost Reporting and Business Plans, is light-years ahead of the pack. A film studies graduate that can help make a financing package (that is, assist to create a Film Budget and a simple Business Strategy) would absolutely blow away any Independent Film & Video Production company. Could you imagine an unbiased Producer who wouldn’t Want to have help with preparing and presenting a financing package?