Those who have graduated from a film studies school enter the dreamy field with sufficient knowledge about film and video production. The only hardship or challenge they encounter is non-availability of funds. The entry of digital equipment has spawned new possibilities for film and video production. The old style of Hollywood-based film production has been displaced by new methods of production. There are a plethora of chances for serious-minded persons who know what they are talking about. Financing has become a perennial problem in the film industry. Bankers are generally at loggerheads with producers. But, nowadays, the trend has undergone sea-change.
There are a number of film study programs. Nearly 600 colleges and universities in the US conduct courses for film production. School of Cinema and Television is the oldest film institute affiliated to the University of Southern California. Nearly half of the 16,500 students of this university are enrolled for atleast one cinema or TV class. These universities have a function to perform. They have to prepare the students to face the challenges when they enter the field of entertainment. As per the website of one university, a degree or diploma obtained after a rigorous course is not only an occupational or professional degree bokeh. The program of studies should qualify a student for a number of vocational possibilities. An individual should be in a position to utilize his knowledge in a creative or practical capacity so as to exercise his judgment and initiative which are developed by a university course in film studies.
Film course does not underline the importance of one major factor. They don’t consider that money is the major force connected to film and video production. Majority of the undergraduate courses does not pay much attention to film budgeting. The topics regarding the Cost Reports and Business Plans are sidelined and sidetracked or atleast these headlines don’t receive nay priority in the course curriculum. Better utilization is visible only in Master’s program. The reason for this vacuum is that the academic stream originates from Hollywood production groups. The influence wielded by guilds and unions is responsible for the closely-guarded confidentiality of the production circles. 100% secrecy is still practiced in film circles. Despite this situation, there is a growing clamor to know more about financing and budgeting in film production. The upcoming batches of producers and directors are interested in starting their own projects, arranging funds, budgeting and reporting of total expenditure involved. They depend on Internet for further transactions.
A film institute graduate, if he possesses a complete grasp of the course material, in addition to film budgeting, cost reporting and business plans, is far away from most of the others. Most of the students, today, are concerned about film budgeting, cost profiles, expense account, project spectrum, etc… They show an increasing interest in this routine calculus only to augment their standing as filmmakers. The extensive application of digital infrastructure has originated a new vista of film production, which, despite being less expensive than the usual Hollywood-pattern film productions, cannot be considered to be economical in quantum. It requires heavy funding.
Graduates of film courses who understand the basics of expenditure related to film and video production will realize that they can accept more responsibility in their projects. Their success rate will be more and the graph will show an upward trend compare to the course-mates and colleagues due to their involvement in expenditure calculations.
These are some of the important features of film production. This exercise will be complete, only if the aspirants to stardom in different categories of filmmaking, try their best in a full-fledged scale, to evaluate the budgeting process and profit profiles.