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 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 usual Hollywood styled film production is not the only real route to an occupation for film graduates. You will find a large number of opportunities in audio and visual applications throughout business, government and also the entertainment industry. Which means Chance for the keenest graduates to produce their own film & video projects, or even to land 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 also the cold heart from the banker are symbolic of the enemy in the creative. However, in this particular new era of opportunity you have to be both ‘Blue Suit’ and also the creative.
How do you try to learn about film financing, film budgeting, etc.? First let’s examine Film Studies programs. There are so many Film Study programs around now that I think it is confusing, and I’ve worked inside the film industry for over two decades. The Universities take a Liberal Arts degree method of their curriculums, and the Colleges/Schools are primarily getting a hands-on technical approach. In either case, it is unarguable that Film Studies is big business. These excerpt from your New York City Times Company, published
March 6, 2005©, managed to make it clear for me how big Kia Jam really is:
“Some 600 colleges and universities in the usa offer programs in film studies or related subjects, a number that has 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 half 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? In case a student has invested 2 to 4 many years of their lives in this degree, just how can they convert it into a worthwhile career?
Let’s see exactly what the Universities say regarding their own programs, and the kind of results they expect – that is certainly, what the Graduate is going to be capable of when entering the work force. This promotional letter, posted using one University’s website, says everything:
“A significant in Film Studies is not really an occupational or professional degree. A solid program of studies in this particular discipline, however, should qualify a student for many different vocational possibilities. Obviously someone will have to employ his or her information about film in either a creative or perhaps a practical capacity and, in any case, exercise the judgment and initiative that the rigorous search for a major in Film Studies should develop.”
The use of ‘should’ twice in three sentences tells the story – it’s your decision, 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! If the word money is brought up at all, it’s only a handshake along with a nod. Most undergraduate programs have very little mention of Film Budgeting, and such things as Cost Reports and Business Plans are treated as foreign topics entirely. The Masters programs are merely slightly better.
The reason for the void of knowledge on things like Film Budgets, Cost Reports, etc. inside the academic sector comes from the major Hollywood production machine. The perpetual negotiations with all the three big guilds (SAG, DGA and WGA), along with 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 learn more about film financing, film budgeting, etc. The new crop of Independent Film & Video makers intend to make their own projects, find nanuxb own financing and do their very own film budgeting and reporting of production costs. It is actually even increasingly possible for producers to distribute their own projects online.
Trust me, the film school graduate who has a complete comprehension of their Film Studies program, AND understands the basic processes of Film Budgeting, Cost Reporting and Business Plans, is light-years ahead of the pack. A film studies graduate who can help create a financing package (which is, assistance to create a Film Budget along with a simple Business Strategy) would absolutely blow away any Independent Film & Video Production company. Could you imagine an Independent Producer who wouldn’t Like to have help with preparing and presenting a financing package?