Graduates from a Film Studies program have a new opportunity in film & video production. Of course, with every opportunity comes a challenge – and in cases like this, the challenge is to find financing for your, or your employer’s, projects.
Using the advent of digital equipment the scope of film & video production has widened. The typical Hollywood styled film production has stopped being the only real way to an occupation for film graduates. You will find a large number of opportunities in audio and visual applications throughout business, government and the entertainment industry. Which means Chance of the keenest graduates to produce their particular film & video projects, or to land by far the most interesting positions with leading film & video production companies.
Financing has been a dirty word for a long time within the film industry. The ‘Blue Suits’ as well as the cold heart from the banker are synonymous with the enemy of the creative. However, within this new era of opportunity you should be both the ‘Blue Suit’ and also the creative.
How will you find a way to learn about film financing, film budgeting, etc.? First let’s look at Film Studies programs. There are numerous Film Study programs available since I discover it confusing, and I’ve worked inside the film industry for more than two decades. The Universities take a Liberal Arts degree strategy to their curriculums, as well as the Colleges/Schools are primarily having a hands-on technical approach. In any case, it really is unarguable that Film Studies is big business. The subsequent excerpt from The New York Times Company, published
March 6, 2005©, caused it to be clear for me how large kjammedia really is:
“Some 600 universites and colleges in the usa offer programs in film studies or related subjects, a number which 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 50 % of the university’s 16,500 undergraduate students take a minumum of one cinema/ television class.”
Which College, School or University will best prepare the graduate for a career in film & video? In case a student has invested two to four many years of their lives within this degree, how could they turn it into a worthwhile career?
Let’s see what the Universities say regarding their own programs, and the kind of results they expect – which is, just what the Graduate will likely be capable of when entering the work force. This promotional letter, posted using one University’s website, says it all:
“A major in Film Studies is not an occupational or professional degree. A solid program of studies within this discipline, however, should qualify students for many different vocational possibilities. Obviously someone should employ her or his knowledge about film in both a creative or perhaps a practical capacity and, either way, exercise the judgment and initiative that the 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 cash! In the event the word cash is brought up at all, it’s merely a handshake and 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 for the void of information on things like Film Budgets, Cost Reports, etc. in the academic sector comes from the major Hollywood production machine. The perpetual negotiations with all the three big guilds (SAG, DGA and WGA), in addition to with all 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 new crop of Independent Film & Video makers intend to make their own projects, find nanuxb own financing and do their particular film budgeting and reporting of production costs. It is even increasingly feasible for producers to distribute their own projects on the internet.
Believe me, the film school graduate who may have a complete understanding of their Film Studies program, AND understands the essential 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 Strategic Business Plan) would absolutely blow away any Independent Film & Video Production company. Are you able to imagine an unbiased Producer who wouldn’t Like to have assistance with preparing and presenting a financing package?