Graduates from a Film Studies program use a new opportunity in film & video production. Needless to say, with every opportunity comes a challenge – and in cases like this, the challenge is to look for financing for your, or your employer’s, projects.
Using the introduction of digital equipment the scope of film & video production has widened. The standard Hollywood styled film production is no longer the only way to an occupation for film graduates. You can find a multitude of opportunities in audio and visual applications throughout business, government and the entertainment industry. Which means OPPORTUNITY for the keenest graduates to produce their very own film & video projects, or to land by far the most interesting positions with leading film & video production companies.
Financing has become a dirty word for a long time inside the film industry. The ‘Blue Suits’ as well as the cold heart in the banker are synonymous with the enemy in the creative. However, within this new era of opportunity you should be the ‘Blue Suit’ and the creative.
How will you try to understand film financing, film budgeting, etc.? First let’s take a look at Film Studies programs. There are so many Film Study programs available since I think it is confusing, and I’ve worked within the film industry for over 20 years. The Universities are taking a Liberal Arts degree approach to their curriculums, and the Colleges/Schools are primarily getting a hands-on technical approach. Either way, it really is unarguable that Film Studies is very large business. These excerpt through the Ny Times Company, published
March 6, 2005©, made it clear in my opinion how large variety.com is really:
“Some 600 universites and colleges in america offer programs in film studies or related subjects, a number which has grown steadily through the years…. At the University of Los Angeles, whose School of Cinema-Television is the nation’s oldest film school (established in 1929), fully one half of the university’s 16,500 undergraduate students take at least one cinema/ television class.”
Which College, School or University will best prepare the graduate to get a career in film & video? If a student has invested 2 to 4 many years of their lives within this degree, how could they convert 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 – that is certainly, just what the Graduate is going to be able to when entering the work force. This promotional letter, posted on one University’s web site, says it all:
“A major in Film Studies is not really an occupational or professional degree. A solid program of studies in this discipline, however, should qualify students for a variety of vocational possibilities. Obviously someone will need to employ his or her knowledge about film in both a creative or a practical capacity and, either way, exercise the judgment and initiative that the rigorous quest for a major in Film Studies should develop.”
The use of ‘should’ twice in three sentences tells the history – it’s your choice, Bud!
Film Studies programs (at any level) either don’t address, or don’t address strongly enough, the key force behind all film and video production – the cash! In the event the word funds are brought up at all, it’s just a handshake along with a nod. Most undergraduate programs have hardly any reference to Film Budgeting, and things such as Cost Reports and Business Plans are treated as foreign topics entirely. The Masters programs are merely slightly better.
The explanation for the void of knowledge on things like Film Budgets, Cost Reports, etc. within the academic sector originates from the large Hollywood production machine. The perpetual negotiations using the three big guilds (SAG, DGA and WGA), along with using the IATSE & Teamster crew unions has forced the producing studios to get extremely confidential.
That era of total confidentiality isn’t over, nevertheless there is a huge demand to know more about film financing, film budgeting, etc. The newest crop of Independent Film & Video makers intend to make their very own projects, find nanuxb own financing and do their particular film budgeting and reporting of production costs. It is actually even increasingly feasible for producers to distribute their particular projects online.
Trust me, the film school graduate who may have a comprehensive understanding of their Film Studies program, AND understands the basic processes of Film Budgeting, Cost Reporting and Business Plans, is light-years in front of the pack. A film studies graduate who are able to help prepare a financing package (which is, assist to create a Film Budget along with a simple Business Plan) would absolutely blow away any Independent Film & Video Production company. Could you imagine an unbiased Producer who wouldn’t Like to have assistance with preparing and presenting a financing package?