Students who have completed their graduation from a film studies school come into the dreamy arena with adequate knowledge about video and film production. Non-availability of funds is the only challenge or hardship they encounter. The entrance into digital equipment has produced new potentials for film production. New methods of production has replaced the old style of Hollywood-based film production. There are numerous chances for determined persons who know what they are speaking about. Financing was a recurrent problem in the film industry. But, with the advancement of technology, the trend has undergone huge changes.
According to Clay Hutson , there are a number of programs for film study. Nearly 500 universities and colleges in the USA conduct programs and courses for film production. Affiliated to the University of Southern California, School of Television and Cinema is the oldest film institution. These colleges have a specific function to perform. When the students enter the field of entertainment, they have to prepare them to face the challenges. The program of education should qualify a student for a number of professional possibilities. A student should be in a position to apply his knowledge in a practical or creative capacity so as to use his initiative and judgment which are established by a university course in film studies.
Film course does not highlight the significance of one main factor. They do not consider that money is the main force associated with film production. Much attention to film budgeting is not paid to majority of the undergraduate courses. The topics regarding the Business Plans and Cost Reports are sidetracked and sidelined or at least these headlines do not receive any importance in the course prospectus. Only in Master’s program, better utilization is visible. The cause for this void is that the educational stream originates from Hollywood production groups. In spite of these circumstances, there is an increasing clamor to know more about budgeting and financing in film production. The forthcoming batches of directors and producers are interested in beginning their own projects, budgeting, arranging funds and reporting of total expenditure involved. For further transactions, they depend on Internet.
If a film course graduate, possesses a complete hold of the course material, in addition to cost reporting, film budgeting and business plans, is far-off from most of the others. As Clay Hutson have said, today, most of the apprentices, are concerned about cost profiles, film budgeting, project spectrum, expense account, etc. In order to augment their standing as filmmakers they show an increasing interest in this routine calculus. The widespread application of digital infrastructure has created a new panorama of film production, which, despite being less affluent than the usual films of Hollywood-pattern productions, cannot be considered to be cost-effective in quantum. Heavy funding is required.
Graduates of film courses who understand the fundamentals of expenditure associated with film production will comprehend that they can accept more responsibility in their developments. These are some of the significant features of film production. This application will be complete, only if the applicants to recognition in different classes of filmmaking, try their best in a developed scale, to assess the profit profiles and budgeting process.