Graduates from the Film Studies program have a new opportunity in film & video production. Needless to say, with every opportunity comes a challenge – and in this case, the challenge is to look for financing for your, or your employer’s, projects.
With the development of digital equipment the scope of film & video production has widened. The typical Hollywood styled film production has stopped being the only way to an occupation for film graduates. You will find a multitude 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 own film & video projects, or to land probably the most interesting positions with leading film & video production companies.
Financing is a dirty word for many years inside the film industry. The ‘Blue Suits’ as well as the cold heart from the banker are symbolic of the enemy from the creative. However, in this new era of opportunity you should be both the ‘Blue Suit’ and the creative.
How can you find a way to learn about film financing, film budgeting, etc.? First let’s examine Film Studies programs. There are so many Film Study programs available since I find it confusing, and I’ve worked in the film industry for over twenty years. The Universities are taking a Liberal Arts degree approach to their curriculums, as well as the Colleges/Schools are primarily having a hands-on technical approach. Either way, it is unarguable that Film Studies is large business. These excerpt through the New York City Times Company, published
March 6, 2005©, caused it to be clear in my opinion how big kjammedia really is:
“Some 600 universites and colleges in america offer programs in film studies or related subjects, a number which has grown steadily through the years…. On 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 to get a career in film & video? If a student has invested two to four years of their lives in this degree, how can they transform it into a worthwhile career?
Let’s see what the Universities say about their own programs, and the sort of results they expect – which is, just what the Graduate will be competent at when entering the job force. This promotional letter, posted using one University’s internet site, says it all:
“A significant in Film Studies will not be 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 have to employ their knowledge about film in both a creative or perhaps a practical capacity and, in any case, exercise the judgment and initiative that a rigorous quest for an important in Film Studies should develop.”
The usage 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 amount of money! If the word funds are brought up whatsoever, it’s merely a handshake as well as a nod. Most undergraduate programs have hardly any mention of Film Budgeting, and things such as Cost Reports and Business Plans are treated as foreign topics entirely. The Masters programs are only slightly better.
The reason behind the void of knowledge on things such as Film Budgets, Cost Reports, etc. inside the academic sector originates from the large Hollywood production machine. The perpetual negotiations using the three big guilds (SAG, DGA and WGA), as well as 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 exists a huge demand to find out a little more about film financing, film budgeting, etc. The brand new crop of Independent Film & Video makers want 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 easy for producers to distribute their own projects on the internet.
Trust me, the film school graduate that has a thorough knowledge 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 that can help make a financing package (which is, assistance to create a Film Budget along with 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 LOVE to have help with preparing and presenting a financing package?