Tuesday, September 25, 2012

The Box Office is Open!

Hudson Hype Productions Team
  Using the materials and guidelines provided by BizMovie, the two teams of the class began to develop some ideas with the goal of producing a movie as well as the development of a commercial to promote it.

Our group was Hudson Hype Productions and we decided to develop a book trailer to promote the book "The Road to the Revolution" which describes events leading up to the American Revolution.

After assigning company positions, the group looked at how              much money we would need to produce and market our movie.  Some of the cost included:
  • Production Design Packages
  • The two companies for Biz Movie
  • Air Time for the Commercial
  • Marketing and Design
  • Ticket supplies
  • Salaries
We began with the development of a "pitch" to a Venture Capitalist who would then buy shares of our company so that we would have the cash to purchase the necessary materials and supplies.

A story board was created for the book trailer, and a commercial concept was developed--and the group went to work!

Take a Look...our commercial and the movie...


 











Looking Back...and Ahead....

The connections that can be made through the BizWorld programs are endless.  As a future teacher I can definitely see the immense value for students to increase learning and provide concrete understanding of abstract concepts.  

As a student in the class working on the BizMovie project, I can honestly say I developed an increased understanding of economic concepts, business and the world of finance!  My understanding was further enhanced through a lecture by Professor Louis Fortunato, MBA and Dr. Rezaul Hossain.  I considered it a privilege and was very thankful to them for taking the time to share some of their vast knowledge on the subject!  


THANK YOU TO OUR GUEST SPEAKERS!!!!


Lauren F., Dr. Hossain, Dr. Smirnova, Barbara B. (me) and Prof. Fortunato
At the end of the experience, both companies tallied their results in order to determine if the company had been profitable.  Hudson Hype Production's "The Road to the Revolution" resulted in a profit of 16 bizbucks...(at least it did not end in the RED!!)  In light of what I have learned, I would choose now to sell less stocks to our venture capitalist in order to decrease our cash on hand and increase the company's share of the profit.  I would also choose to sell the tickets for less money in order to increase ticket sales.

Overall it was a very worthwhile and interesting experience!

"The only source of knowledge is experience"
-Albert Einstein

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