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April 27, 2022

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Description

Making a film is a creative endeavour, but it's also a business project. And just like any other business, most films are intended to make money.

This  online course, The business of film, will show you how film production works. It has been created with Pinewood Studios – the leading provider of studio services to the global screen-based industries.

Using the value chain concept and film case studies, with input throughout from individuals involved in making those films, the course provides a practical, in-depth exploration of how film financing works, and the key business decisions that are made along the way.

It addresses questions like:

  • Why do films fail?
  • Why are intellectual property and copyright important?
  • Why do films get public funding?
  • What is the relationship between marketing, box office returns and film success?

The course will examine these topics in the film industry as it stands today, as well as considering how further changes could impact the industry and its stakeholders.


This course material was originally written for FutureLearn  in 2015. It was published on OpenLearn in February 2019.

Course learning outcomes

After studying this course, you should be able to:

  • recognise the contribution of film to the economy and how this business model is changing in the digital era
  • appreciate the impact of emerging platforms on the traditional distribution and marketing of film
  • understand the processes involved in selecting and selling a film idea, given the changing concept of ownership in a digital world
  • demonstrate an understanding of how films are financed and the opportunities emerging investment platforms have on film finance
  • identify and understand the impact of future trends and changes on the film industry and its stakeholders.

Course Curriculum

    • Introduction 00:15:00
    • Cultural and economic value of film 00:30:00
    • What is the cultural value of film? 00:15:00
    • Value and the creative and cultural industries 00:15:00
    • Why should we support film? 00:10:00
    • Why film matters to the economy 00:15:00
    • Money spent by inward investment films 00:15:00
    • The benefits of inward investment 00:10:00
    • Should we protect home-grown production? 00:10:00
    • Thinking about the value chain 00:20:00
    • The film business value chain 00:30:00
    • The value chain stages and power 00:10:00
    • Who has the power? 00:20:00
    • Culture, economy, value and power 00:20:00
    • Introduction 00:10:00
    • Where do films come from? 00:10:00
    • Where films come from 00:15:00
    • Development stages 00:30:00
    • Making sure your project is legal 00:10:00
    • Why development is so important and so hard 00:10:00
    • The development budget 00:15:00
    • From idea to screenplay 00:10:00
    • Money upfront: ‘pre-pre-production’ 00:15:00
    • What does the public funder look for? 00:15:00
    • Building the case 00:20:00
    • Introduction 00:07:00
    • What distributors do 00:15:00
    • The distribution life cycle of a film 00:15:00
    • A journey through windows 00:10:00
    • The changing life cycle of the film 00:15:00
    • The marketing plan 00:10:00
    • Theatrical performance 00:20:00
    • Analysing the box office 00:03:00
    • How profitable is the theatrical release? 00:15:00
    • What do the numbers look like? 00:15:00
    • Marketability versus playability 00:10:00
    • Case study – the release of Spooks: the Greater Good 00:05:00
    • Digital solutions 00:15:00
    • Introduction 00:10:00
    • Sources of funding 00:05:00
    • Three principal sources 00:20:00
    • How does distribution finance work? 00:10:00
    • Why there is public funding for film: culture 00:10:00
    • Why there is public funding: the economy 00:15:00
    • The bank loan 00:15:00
    • The complexities 00:20:00
    • Fragmentation of the value chain 00:20:00
    • What factors shape the finances? 00:10:00
    • Market value 00:25:00
    • Case study: Spooks – the financial package 00:05:00
    • Film value chain and innovation 00:15:00
    • Production: the cost and complexity of films 00:10:00
    • The producer’s role: ‘make our days’ 00:15:00
    • Job roles and how they are paid 00:15:00
    • Retaining people 00:20:00
    • The schedule 00:15:00
    • Breaking down a scene 00:02:00
    • Scheduling the film 00:15:00
    • Other costs and considerations 00:05:00
    • The final budget 00:15:00
    • Making your film bigger than it costs 00:10:00
    • Producer and project 00:15:00
    • Introduction 00:15:00
    • Looking back 00:10:00
    • The first of the Bond movies 00:15:00
    • When it all went wrong on Dr. No 00:15:00
    • The cost of independent production 00:10:00
    • Who holds the power? 00:15:00
    • The future 00:30:00
    • Better business, better films 00:25:00
    • End of course round-up 00:15:00
    • Take the next step 00:05:00

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