Graduates from a Film Studies program use a new opportunity in film & video production. Obviously, 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 usual Hollywood styled film production is not the sole path to a career for film graduates. You can find a multitude of opportunities in audio and visual applications throughout business, government and also the entertainment industry. That means Chance for the keenest graduates to produce their very own film & video projects, or even to land the most interesting positions with leading film & video production companies.
Financing is a dirty word for years in the film industry. The ‘Blue Suits’ and the cold heart of the banker are synonymous with the enemy of the creative. However, in this particular new era of opportunity you should be 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 plenty of Film Study programs around now that I find it confusing, and I’ve worked in the film industry more than two decades. The Universities take a Liberal Arts degree approach to their curriculums, as well as the Colleges/Schools are primarily getting a hands-on technical approach. Either way, it really is unarguable that Film Studies is big business. The following excerpt through the New York Times Company, published
March 6, 2005©, made it clear in my opinion how big variety really is:
“Some 600 universites and colleges in the United States offer programs in film studies or related subjects, a number that has grown steadily through the years…. At the University of Los Angeles, whose School of Cinema-Television is the nation’s oldest film school (established in 1929), fully one half of the university’s 16,500 undergraduate students take at least 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 transform it into a worthwhile career?
Let’s see what the Universities say with regards to their own programs, and the type of results they expect – that is certainly, just what the Graduate will be capable of when entering the work force. This promotional letter, posted on one University’s internet site, says it all:
“A significant in Film Studies is not really an occupational or professional degree. A sound program of studies within this discipline, however, should qualify students for a number of vocational possibilities. Obviously someone will need to employ her or his understanding of film in both a creative or perhaps a practical capacity and, either way, exercise the judgment and initiative that the rigorous search for a major 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 amount of money! In the event the word funds are brought up whatsoever, it’s just a handshake and 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 just slightly better.
The explanation for the void of data on things such as Film Budgets, Cost Reports, etc. in the academic sector originates from the big Hollywood production machine. The perpetual negotiations using the three big guilds (SAG, DGA and WGA), along with using 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 find out a little more about film financing, film budgeting, etc. The newest crop of Independent Film & Video makers want to make their very own projects, find nanuxb own financing and do their particular film budgeting and reporting of production costs. It really is even increasingly possible for producers to distribute their particular projects online.
Trust me, the film school graduate who may have a complete understanding 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 that can help prepare a financing package (that is certainly, assist to prepare a Film Budget along with a simple Business Strategy) would absolutely blow away any Independent Film & Video Production company. Can you imagine a completely independent Producer who wouldn’t LOVE to have assist with preparing and presenting a financing package?