Graduates from a Film Studies program have 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 find financing for your, or your employer’s, projects.
With the development of digital equipment the scope of film & video production has widened. The usual 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. This means Chance for the keenest graduates to generate their particular film & video projects, or land probably the most interesting positions with leading film & video production companies.
Financing has been a dirty word for many years within the film industry. The ‘Blue Suits’ and also the cold heart in the banker are synonymous with the enemy from the creative. However, in this particular new era of opportunity you have to be the ‘Blue Suit’ and also the creative.
How do you try to understand film financing, film budgeting, etc.? First let’s take a look at Film Studies programs. There are numerous Film Study programs around given that I find it confusing, and I’ve worked within the film industry for more than twenty years. The Universities are taking a Liberal Arts degree method of their curriculums, and the Colleges/Schools are primarily having a hands-on technical approach. In either case, it is actually unarguable that Film Studies is big business. The subsequent excerpt through the New York City Times Company, published
March 6, 2005©, managed to make 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 that has grown steadily over time…. At the University of Southern California, whose School of Cinema-Television will be the nation’s oldest film school (established in 1929), fully one 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? When a student has invested 2 to 4 years of their lives in this particular degree, how could they convert it into a worthwhile career?
Let’s see just what the Universities say with regards to their own programs, and the kind of results they expect – that is certainly, exactly what the Graduate is going to be competent at when entering the task force. This promotional letter, posted on one University’s website, says it all:
“An important in Film Studies is not really an occupational or professional degree. A sound program of studies within this discipline, however, should qualify a student for many different vocational possibilities. Obviously someone will need to employ his or her information about film in either a creative or a practical capacity and, either way, exercise the judgment and initiative that the rigorous search for an important in Film Studies should develop.”
The usage of ‘should’ twice in three sentences tells the history – it’s your decision, Bud!
Film Studies programs (at any level) either don’t address, or don’t address strongly enough, the major force behind all film and video production – the amount of money! When the word cash is brought up whatsoever, it’s merely a handshake as well as a nod. Most undergraduate programs have hardly any reference to 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 explanation for the void of information on things like Film Budgets, Cost Reports, etc. in the academic sector comes from the big Hollywood production machine. The perpetual negotiations with all the three big guilds (SAG, DGA and WGA), in addition to with the IATSE & Teamster crew unions has forced the producing studios to be extremely confidential.
That era of total confidentiality isn’t over, nevertheless there is a huge demand to learn much more about film financing, film budgeting, etc. The newest 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 really is even increasingly possible for producers to distribute their own projects online.
Trust 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 prepare a financing package (which is, assistance to create a Film Budget as well as a simple Strategic Business Plan) would absolutely blow away any Independent Film & Video Production company. Are you able to imagine a completely independent Producer who wouldn’t Want to have assistance with preparing and presenting a financing package?