Wilfrid Laurier University Waterloo, Ontario English and Film Studies FS209a: The Business of Film WINTER 2015 Instructor: Wendy Donnan Office: 2-127 Phone: 519-884-0710, ext 4306 Email: wdonnan@wlu.ca Room : 2C17 8 :30 am – 9 :50 am Office Hours: Thursdays 10 am – 11:30 am _________________________________________________________________________ “We acknowledge that we are on the traditional territory of the Neutral, Anishnawbe and Haudenosaunee peoples.” I. COURSE INFORMATION a.) Course Description The aim of this course is to give students a thorough overview of the business environment in which films, television programs, and other moving image productions are financed, developed, produced and distributed. Students will be provided with real life experiences, practical realities, as well as a keen understanding of the film business. In this course you will learn how to develop a media property, focusing on the required business skills. You will be instructed in the practicalities of financing and producing films. This includes topics such as understanding legal affairs (e.g. the “chain of title” or ownership for a media property, deal memos, contracts, completion bonds, E&O and other insurance), financing film development, sourcing and applying to funding agencies such as the Canada Council for the Arts, Telefilm, the OMDC and the CMF, negotiating co-productions and private production financing, applying for tax credits, and knowing the requirements of the Canadian Audio-Visual Certification Office. Having gained an understanding of film finance and production, students then learn how to tap into channels of distribution for film and media content by exploring the role of broadcasters and distributors in today’s media environment. Topics addressed in this section may include: marketing; social media and online distribution; film festivals and other markets; and film festival planning and management. By the end of this course, student should have the solid core knowledge of the business practices of film needed to enter into the film and visual media industry in Canada today. III. COURSE OBJECTIVES This course allows students to gain the background business knowledge and practical business skills necessary for entering into the contemporary film and media industries in various capacities. Students will learn how to develop a media property from start to finish, focusing on the business skills necessary to do so. They will then learn how to market and promote it. REQUIRED /OPTIONAL TEXTS The following course materials are required for participation in this class: 1.) Course Package. Specially-designed materials have been developed for this course including readings, cases, and examples for class discussion and course assignments. Access these materials in the MyLearningSpace site developed for this course. 2.) Texts. The following texts and e-books are also required reading: Development and Other Challenges: A Producer’s Handbook (available free on the Telefilm website) file:///C:/Users/7/Documents/producer-handbook_0.pdf Chapters from supplementary books will be included in reading assignments. The list of supplementary readings is below. 3.) Iclicker You must have an iclicker to register your marks for the in-class quizzes and to register participation marks. These are available at the WLU Bookstore. Supplementary Readings The Movie Business Book, Jason E. Squire, 2004. Minding Movies: Observations on the Art, Craft, and Business of Filmmaking, Bordwell and Thompson, 2009. Pierre Bourdieu. The Field of Cultural Production. Columbia University Press. 1993. Schuyler M. Moore. The Biz. Silman-James Press. 2011. Mark Harris. Pictures at a Revolution: Five Movies and the Birth of the New Hollywood. Penguin, 2008. The independent filmmaker's law and Business guide financing, shooting, and distributing independent and digital films, 2nd ed. Garon, Jon M. Chicago, IL : Chicago Review Press 2009. The Business of Show Business: Film Business Essentials for Getting Your Film to Market, edited by Anne Marie Gillen. This free e-book was put out by AFM and Focal Press. It focuses on the American market features some useful sections. www.focalpress.com/showbusiness Screendaily Canada Special 2014 (a copy is on reserve in the library or available at www.screendaily.com.) C.) Course Assignments 1.) In-Class Quizzes (20%) Students will be required to take four in-class quizzes for assigned readings (unannounced). The format will be objective (i.e., multiple-choice, T-F), and the content will be simple facts from the readings and lectures with the intent to encourage prior reading of material and class attendance. You will require an iclicker for these quizzes, which can be purchased from the Laurier Bookstore. Clicker Registration You need to have an iclicker for class participation. You are responsible for purchasing your clicker from the Laurier Bookstore. You are required to register your clicker online via MyLearningSpace (https://mylearningspace.wlu.ca). When you login you will see a course called “Clicker Registration for Winter 2015.” To register your clicker, follow these steps: 1. Enter the “Clicker Registration for Winter 2015” course by clicking on the title. 2. From the homepage, click on the “Click here to register your clicker” link. 3. Enter your clicker serial Remote ID in the box provided. 4. Click on the ‘Register’ button. Please note: Failure to register your clicker in this way may result in loss of clicker marks. You MUST complete the registration to have your clicker marks assigned to you. If you registered your clicker in Fall of 2014, you may not need to register again, but please CONFIRM that your clicker is registered in the registration area in MyLearningSpace. If you registered your clicker in previous years, you MUST register it again for this term. Please direct any questions about this process or about clickers in general to clickers@wlu.ca. A clicker troubleshooting station is available at the help desk in the concourse (Waterloo). 2.) Reading Summary (15%) Students will be expected to summarize one of two assigned readings for the course. Your reading summary should be a maximum of three pages, double spaced. You may choose from the following assigned class readings which are in your course package: a) First You Get the Power, Then You Get the Money: Two Models of Film Festivals OR b) Film Festivals, Bourdieu, and the Economization of Culture. 3.) Development Package for a Media Property- Group Project (25%) Students will be assigned to groups of four students. You will be expected to present orally, and post your written assignments on MyLearningSpace. Each group will have fifteen minutes to present. The intent is to convince the class to support your project financially. Students must complete the following components: a convincing pitch sheet, plus a financial, and web marketing plan for a moving image production utilizing forms included in your course package and information provided in lectures and readings. Students will be assigned either a documentary or a low budget feature film. The intent is to raise money for the project, hence the presentation should include a pitch sheet (rather than a lengthy treatment), and focus on the business aspects of the production, ie. how you intend to raise the financing necessary to complete the project. Groups will then present this to the class, with the intent of convincing a financier, such as a broadcaster or distributor, to support the project financially. The written sections should be between 2-5 double-spaced pages (not counting exhibits). Each person can work on one section. This plan should include the following components, which should all be posted on the MyLearningSpace site: a. Short Treatment or pitch sheet. Use the format in your course package. This should be a glossy two or three page document NOT a full treatment. A sample is in your course package. b. Development Budget. Use the sample budget in your course package. c. Financing Plan. Use the financing plan provided in your course package. d. Crowd-funding Proposal. Similar to online kickstarter or Indiegogo projects (www.kickstarter.com or www.indiegogo.com). Included in this will be a written description of the project, video pitch where possible, pictures, and designated benefits for various levels of giving. For examples of successful crowd funding projects, read the CMF trends paper on crowdfunding: http://trends.cmf-fmc.ca/crowdfunding/ NOTES for Group projects: learning how to work effectively in a group is a critical part of working in a media work environment, particularly in film or tv production. Every member is expected to carry an equal share of the group’s workload. As such, it is in your interest to be involved in all aspects of the project. Even if you divide the work rather than work on each piece together, you are still responsible for each part. The group project will be graded as a whole: its different components will not be graded separately. Your exam may contain questions that are based on aspects of your group projects. It is recommended that each group establish ground rules early in the process to facilitate your joint work including a problem-solving process for handling conflicts. In the infrequent case where you believe that a group member is not carrying out his or her fair share of work, you are urged not to permit problems to develop to a point where they become serious. If you cannot resolve conflicts internally after your best efforts, they should be brought to my attention and I will work with you to find a resolution. 4.) Participation and Attendance (10%): Participation will account for 10% of your course grade. Assigned materials must be read prior to class and active participation is required. Please note you must have an iclicker to register marks for class participation. Students will have the opportunity to share relevant current events with others to enhance their participation grade. Participation is calculated on the following scale: 9-10 = Exceptional contribution, well prepared and articulated. 7-8 = Good contribution, some thought and preparation. 5-6 = Moderately good contribution, little preparation. 3-4 = Present only (did not speak) 0-2 = Absent 5.) Final Exam (30%): The final exam will be scheduled in April and will consist of multiple choice, true and false questions, and essay questions relating to course content. IV. COURSE OUTLINE Day 1 Topic January 6 Introduction to The Business of Film Developing a Property Overview: Course Content 2 January 8 Developing a Property Building the Foundation: Intellectual Property and a Clear Chain of Title Required Readings for Class a) In class Reading. Patricia Rozema’s Manifesto for Canadian Movies Globe and Mail (course package) b) In Class Reading: Is 2014 the Year Canadian Movie Viewing Habits Changed Forever? (course package) http://playbackonline.ca/2014/11/18/is-2014the-year-canadian-movie-viewing-habitschangedforever/?utm_source=newsletter&utm_m edium=email&utm_campaign=is-2014-theyear-canadian-movie-viewing-habitschanged-forever&_u=dHDnGX3LAXc%3d Assignments/Questions 1) Is Rozema accurate in her manifesto? 2) What are the challenges in getting productions to market in Canada? 3) How have viewing habits changed according to the Playback article? 4) What should producers take note of in this article? 5) How is the Canadian market different than the American market? 6) What strengths do we have as Canadian filmmakers? 7) Why is it difficult to get films and other productions financed in Canada? 8) What does a producer do? a) Read Chapter One of the Telefilm guide Development and other Challenges: A Producers Handbook. Securing the Rights (4). b) Look at the copyright agreement (15) c) Read: Articles in your course package: http://www.theglobeandmail.com/reporton-business/court-awards-5-million-incinar-case/article568952/ 1) What is copyright? Why do you need to worry about copyright? 2) What is a chain of title? 2) Can you copyright an idea? 3) What is intellectual Property? 4) Acquisition of underlying materialwhere to find it, how to get it. 5) Overview: Canadian Copyright Act. 6) Cinar VS Robinson: Case Study. 7) What does public domain mean and when does something become public domain? http://www.canadianlawyermag.com/legal feeds/1865/scc-extends-copyrightprotections.html?print=1&tmpl=componen t Toronto Star: What Copyright Law Means to You http://www.thestar.com/business/2012/11/1 0/what_the_new_copyright_law_means_f or_you_geist.html 3 January 13 Developing a property Development Financing: a) Read Chapter Two of the Telefilm guide Development and other Challenges: A Producers Handbook. Financing Development (8) Look at sample appendix: budget for development financing (54) cost report for development (56) b) The Movie Business Book: pp 39-48: My 1) How to build a development budget. 2) The development schedule. 3) Development Financing Scenario: what do funders require? 4) Should production be deal driven? 5) Is art/film a commodity? How is it different than other businesses? 4 building a Development Budget and Schedule. Incorporating A Company. Movies: the Collision of Art and Money (in your course package) Jan 15 Read section C of the Telefilm guide Development and other Challenges: A Producers Handbook. Low Budget Production. ( Getting Your Property Financed: 6) Is a business plan essential to getting a production made? 7) What are your options for development financing? 8) What funds have development financing? Ie. Bell Fund. 9) What is the difference between cash flow and a budget? 10) Should I set up a company for my production and why? 11) Do I need an entertainment lawyer? 1) 2) 3) Development Financing: Rights, Clearances, agreements. 5 Jan 20 Getting Your Property Financed: 4) 5) Review Section C Development and other Challenges: A Producers Handbook: Insurance pp. 79-80, and Ensuring Completion, p. 85. Read Section C Insurance and the Completion Guarantee 6 Jan 22 Getting Your Property Financed: Finalizing your Production: Budget, Tax Credits, CAVCO, the CRTC and OMDC Read Development and Other Challenges: A Producers Handbook. Chapter Budgeting (28) Look at the following and be prepared to discuss: Canadian Film or video Production Services Tax Credit: http://www.pch.gc.ca/eng/1268752355851 Film or Video Production Services Tax Credit: Development agreements: What is an option agreement? What is a literary purchase agreement? What is a screenwriters agreement? How is a deal memo different than a contract? Is an oral agreement a good idea? Is it binding? 1) What is production insurance? 2) What is E&O insurance? 3) Do I really need production insurance? Can I afford it? 3) What can happen if I don’t have insurance? 4) What is a completion guarantee? 5) Do I have to have a completion guarantee? Who does it protect? 1) What is CAVCO and how do I apply for a C number? 2) What is the CRTC? How do they impact me as a producer? 3) How do tax credits help you to get financed? What tax credits are available and how do you access them? 4) Can I apply for provincial and national tax credits and how do they differ? 5) What is the OMDC? How can they help me? http://www.pch.gc.ca/eng/1268740529145 CAVCO (Canadian Audio-Visual Certification Office) http://www.pch.gc.ca/eng/1289829210951/ 1289829210953 Ontario Film & Television Tax Credit http://www.omdc.on.ca/film_and_tv/tax_c redits/ofttc.htm The Canadian Media Fund is sending a guest speaker next class to discuss funding applications. Familiarize yourself with the fund and take advantage of this opportunity to ask questions: http://www.cmf-fmc.ca/ 7 Jan 27 Financing: How to Get Your Film Financed Read the 2014 CMF Trends Report and be prepared to answer questions: http://trends.cmf-fmc.ca/researchreports/keytrends_report_2014_mid_year _update GUEST SPEAKER CANADIAN MEDIA FUND 8 January 29 Financing: How to Get Your Film Financed: Broadcasters, Banks, Distributors and other Financiers. a) The Movie Business Book: section 9, page 375: Independent Distribution (course package) a) Bon Cop, Bon Grosses Film Journal International (course package) b) Bon Cop, Bad Times : too Many Canadian Filmgoers Overlook their own Backyard This Magazine (course package) Looking online, find as many grants as you can for Film and Television projects. Bring a list to the next class and be prepared to discuss. ****GUEST SPEAKER CANADIAN MEDIA FUND. Rod Butler, Policy Analyst, Regional Feature Film**** 1) What are some of the current trends in media and how might they change how we produce or watch shows? 2) How do these trends provide potential to raise funds for your projects? 3) Are internet content companies such as Netflixx viable businesses to fund your productions? 4) How have audience viewing habits changed? What does this mean for you as a producer of content? ****Group Projects Assigned *** 1) How do you raise money for your production? 2) What do distributors do and how can they help you? 3) What is a distribution advance? 4) Broadcasters and other content purchasers: how do I approach them and what do I need for a successful pitch meeting? 5) How does a bank evaluate a production loan? What do I need to approach a financial institution? 9 Feb 3 Financing: How to Get Your Film Financed: Grants Continued... 10 Feb 5 Grant Overview. 1) Go to the CMF Website, or pick another relevant grant website such as The Bell Media Fund (http://bellfund.ca/) Find the grant section that is most relevant to you. Review both the guidelines and the application for your relevant grant. Come prepared to discuss. Overview Deal memos, license agreements, contracts. The Deal: Deal memos, Contracts and License Agreements 11 Feb 10 The Deal: Coproductions and Treaty Coproductions 6) Why was Bon Cop, Bad Cop so successful? 7) According to this week’s readings, how do we determine that success? 1) Overview of Canadian Funding Agencies. National and Provincial. 2) How do I create a successful grant application? 3) What documents do I need to apply for a grant? 4) What does “in-kind” mean and why is it important to my grant application? 5) What will be the greatest challenges in being successful with your grant? 1) Contracts versus deal memos. Can I work with only a deal memo? Why is a contract important? 2) Broadcasters and Content purchasers: Licensing agreements versus acquisition agreements. 3) What is the difference between a pre-sale and an acquisition? a) Read Development and Other Challenges: A Producers Handbook (Part B, section 4, Coproductions). b) The Biz: Wedding Gets Big Fat Reception, Advertising Age (course package) 1) What is a coproduction? What is a treaty coproduction? c) Big, Fat Breakthrough, Macleans (course package) 3) My Big Fat Greek Wedding is a good example of a successful CanadianAmerican coproduction. Why? 2) Why are coproductions a great way of getting your production financed? Look over Interprovincial Coproduction Agreement in sample documents (67) Read the Telefilm page on coproductions: http://www.telefilm.ca/en/coproductions/c oproductions/guidelines Approved International coproduction treaty Countries and MOUs http://www.telefilm.ca/en/coproductions/c oproductions/agreements 12 Feb 12 Go online and locate a sales sheet or web- ***Reading Summary Assigned. Due driven sales campaign for a moving image production you feel is particularly effective. Check distribution sites, or production sites. 3 March at beginning of class*** Promotions and Marketing The Importance of the “One Sheet” or Sales Sheet How is the sales sheet in your package effective? How could it be improved? 2) What should be included in the sales sheet? 1) Why is a sales sheet effective, and what makes it effective? 3) How can you use the web to improve your sales potential? BREAK READING WEEK Feb 16-20 NO CLASSES 13 Feb 24 Promotions and Marketing Crowdfunding and Online Fundraising a) How new technologies secure a place for the Arts Globe and Mail (course package) b) Who Got Their Films Off the Ground Via Indiegogo in 2014? c) Kickstarter Creative Fundraising Globe and Mail (course package) http://playbackonline.ca/2014/12/11/whogot-their-films-off-the-ground-viaindiegogo-in2014/?utm_source=newsletter&utm_medi um=email&utm_campaign=who-got-theirfilms-off-the-ground-via-indiegogo-in2014&_u=dHDnGX3LAXc%3d 1) How do new technologies support filmmakers and the arts according to the Globe and Mail? Do you agree? 2) What is crowdfunding? 2) What options are available for you as a producer: ie. kickstarter.com, indiegogo. How can you ensure a successful campaign according to Playback and the Globe and Mail? 3) Why is the Autobiography of Jane Eyre such a successful crowdfunding project? 4) How can you use Social Media to enhance your crowdfunding project? Also read the CMF trends paper on crowdfunding, and the case study on The Autobiography of Jane Eyre, and prepare to discuss: http://trends.cmf-fmc.ca/crowdfunding/ 14 Feb 26 Promotions and Marketing Monetizing Digital Media, Social Networking and Using the Internet as a Promotional Tool a) Monetizing Digital Media (CMF trends) http://trends.cmf-fmc.ca/researchreports/monetizing-digital-media-trendskey-insights-and-strategies-that-work/ b) In Competition for the ‘Second Screen’ Film Industry Learns to Find its Fans Globe and Mail (course package) c) Minding Movies: Observations on the Art, Craft, and Business of Filmmaking, part one, page 39: Snakes, No; Borat, Yes: Not All Internet Publicity is the Same (course package) 1) What are the future trends for digital media according to the CMF? How do these affect producers and filmmakers? 2) Read the articles and chapter about integrating internet and film. To what degree do web-based technologies and social media provide sustainable models for the future of filmmaking? 15 March 3 Promotions and Marketing Distribution: Film Festivals a) First You Get the Power, Then You Get the Money: Two Models of Film Festivals Cineaste (course package) b) Film Festivals, Bourdieu, and the Economization of Culture Canadian Journal of Film Studies (course package) *** Reading Summary Due at Beginning of Class*** Telefilm Festivals Directory: 2) Why should you plan your production and leave room for festival screenings? http://www.telefilm.ca/en/festivals-andmarkets/festivals-directory 1) What film festivals are available to you? How do they help you to promote and sell your project? 3) How do Film Festivals work, according to both assigned readings? Should art take precedence over economics? 16 March 5 Promotions and Marketing Film and Television Markets, and Theatrical Distribution 17 18 a) Cinema needs to Reset Itself, Screendaily (course package) b) Bridging the Gap: Film Festival Governance, Public Partners and the “Vexing” Problem of Film Distribution Canadian Journal of Film Studies (course package) c) The Movie Business Book, section 4, page 148, A Chairman’s View (course package) March 10 Guest Speaker. www.mongrelmedia.com GUEST SPEAKER Visit the website before Tom speaks and come prepared to ask questions. March 12 Jon Hiltz is a seasoned producer and co owner of an entertainment company that 1) How do producers and filmmakers need to adapt to ensure the success of their projects? 2) What does the writer of Bridging The Gap see as the key problem to getting films distributed in Canada? Do you agree? 3) Why is theatrical distribution a problem in Canada? 4) What other models can be used to promote your project according to Screendaily? 5) According to Tom Rothman at Fox, how has the studio executive’s job changed over the years? Is the battle between art and commerce a modern one? Guest Speaker, Tom Alexander, Director Theatrical Releasing at Mongrel Media in Toronto. Mongrel Media is one of the few Independent distributors left in Canada. Guest Speaker, Jonathan Hiltz, Producer and Owner, Hiltz Squared GUEST SPEAKER 19 March 17 WORKING CLASS 20 March 19 21 PRESENTATIONS March 24 22 PRESENTATIONS March 26 has produced many moving image productions, from films, to TV series and documentaries. He will talk about the importance of the business side of film and TV productions. Entertainment. http://www.hiltz2.com/ a) Work on your presentations in Class. Note: the groups will try to persuade people in the class to finance their productions. You must convince them to do so! This is a working class. Come and be prepared to ask questions or to finalize your presentations. PRESENTATIONS 23 March 31 PRESENTATIONS 24 April 2 EXAM REVIEW Note: Final exam will be scheduled later in the year. Accessible Learning Students with disabilities or special needs are advised to contact Laurier’s Accessible Learning Office for information regarding its services and resources. Students are encouraged to review the Calendar for information regarding all services available on campus. Academic Misconduct Wilfrid Laurier University uses software that can check for plagiarism, Turnitin.com. Students may be required to submit their written work in electronic form and have it checked for plagiarism. FOOT Patrol After evening classes call 886-FOOT for a walk or drive home - No Walk is Too Short or Too Long!!!