Graduates from a Film Studies program use a new opportunity in film & video production. Obviously, 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 all the advent of digital equipment the scope of film & video production has widened. The typical Hollywood styled film production is not the only route to a career for film graduates. You can find a large number of opportunities in audio and visual applications throughout business, government as well as the entertainment industry. This means OPPORTUNITY for the keenest graduates to generate 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 years inside the film industry. The ‘Blue Suits’ and the cold heart of the banker are synonymous with the enemy from the creative. However, in this new era of opportunity you need to be both the ‘Blue Suit’ as well as the creative.
How will you try to find out about film financing, film budgeting, etc.? First let’s look at Film Studies programs. There are numerous Film Study programs available since I find it confusing, and I’ve worked within the film industry more than two decades. The Universities are taking a Liberal Arts degree approach to their curriculums, and also the Colleges/Schools are primarily getting a hands-on technical approach. Either way, it is actually unarguable that Film Studies is big business. The subsequent excerpt from The New York City Times Company, published
March 6, 2005©, managed to make it clear to me what size Kia Jam is really:
“Some 600 universites and colleges in the United States offer programs in film studies or related subjects, a number that has grown steadily over time…. 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? When a student has invested 2 to 4 numerous years of their lives in this particular degree, how can they convert it into a worthwhile career?
Let’s see exactly what the Universities say about their own programs, and the kind of results they expect – that is, just what the Graduate is going to be capable of when entering the work force. This promotional letter, posted on one University’s web site, says everything:
“A major in Film Studies will not be an occupational or professional degree. A sound program of studies in this discipline, however, should qualify students for a number of vocational possibilities. Obviously an individual will have to employ her or his information about film either in a creative or even a practical capacity and, in any case, exercise the judgment and initiative that the rigorous search for a significant 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 MONEY! In the event the word cash is brought up whatsoever, it’s just 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 reason for the void of data on such things as Film Budgets, Cost Reports, etc. within 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 using the IATSE & Teamster crew unions has forced the producing studios to get extremely confidential.
That era of total confidentiality isn’t over, nevertheless you will find 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 very own projects, find nanuxb own financing and do their own film budgeting and reporting of production costs. It is even increasingly possible for producers to distribute their very own projects on the internet.
Believe me, the film school graduate that has a complete comprehension of their Film Studies program, AND understands the essential processes of Film Budgeting, Cost Reporting and Business Plans, is light-years in front of the pack. A film studies graduate who can help create a financing package (that is certainly, assistance to prepare 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 Want to have assist with preparing and presenting a financing package?