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 look for financing for your, or your employer’s, projects.
With all the introduction of digital equipment the scope of film & video production has widened. The usual Hollywood styled film production has stopped being the only path to a profession for film graduates. There are a plethora of opportunities in audio and visual applications throughout business, government and the entertainment industry. That means Chance for the keenest graduates to generate their own film & video projects, or even to land by far the most interesting positions with leading film & video production companies.
Financing is a dirty word for years within the film industry. The ‘Blue Suits’ as well as the cold heart of the banker are symbolic of the enemy of the creative. However, within this new era of opportunity you need to be both the ‘Blue Suit’ as well as the creative.
How can you find a way to find out about film financing, film budgeting, etc.? First let’s look at Film Studies programs. There are so many Film Study programs available now that I find it confusing, and I’ve worked in the film industry for more than two decades. The Universities are taking a Liberal Arts degree method of 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 large business. The following excerpt through the New York City Times Company, published
March 6, 2005©, caused it to be clear for me how big kjammedia is really:
“Some 600 colleges and universities in the United States offer programs in film studies or related subjects, a number that has grown steadily over the years…. At the University of Los Angeles, whose School of Cinema-Television is definitely the nation’s oldest film school (established in 1929), fully one half 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 to get a career in film & video? If a student has invested 2 to 4 numerous years of their lives in this degree, just how can they transform it into a worthwhile career?
Let’s see just what the Universities say with regards to their own programs, and the sort of results they expect – which is, exactly what the Graduate will likely be competent at when entering the job force. This promotional letter, posted on one University’s internet site, says all of it:
“A significant in Film Studies is not an occupational or professional degree. A sound program of studies within this discipline, however, should qualify an individual for a variety of vocational possibilities. Obviously someone will have to employ their information about film in either a creative or a practical capacity and, in either case, exercise the judgment and initiative which a rigorous pursuit of a significant in Film Studies should develop.”
Using ‘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 major force behind all film and video production – the MONEY! If the word money is brought up in any way, it’s merely a handshake as well as a nod. Most undergraduate programs have almost no mention of Film Budgeting, and things like Cost Reports and Business Plans are treated as foreign topics entirely. The Masters programs are just slightly better.
The explanation for the void of data on things like Film Budgets, Cost Reports, etc. in the academic sector originates from the big Hollywood production machine. The perpetual negotiations with the three big guilds (SAG, DGA and WGA), along with with all the IATSE & Teamster crew unions has forced the producing studios to become extremely confidential.
That era of total confidentiality isn’t over, nevertheless there exists a huge demand to know a little more about film financing, film budgeting, etc. The newest crop of Independent Film & Video makers want to make their particular projects, find nanuxb own financing and do their own film budgeting and reporting of production costs. It is actually even increasingly feasible for producers to distribute their very own projects over the internet.
Trust me, the film school graduate that has a thorough knowledge of their Film Studies program, AND understands the fundamental processes of Film Budgeting, Cost Reporting and Business Plans, is light-years in front of the pack. A film studies graduate who can help make a financing package (that is certainly, assistance to make a Film Budget along with a simple Strategic Business Plan) would absolutely blow away any Independent Film & Video Production company. Could you imagine a completely independent Producer who wouldn’t Want to have assist with preparing and presenting a financing package?