Film festival played a major role in introducing foreign films to American audiences. Films in the first year included Akira Kurosawa's "Throne of Blood" and Satyajit Ray's "Pather Panchali". Today, thousands of film festivals take place around the world—from high-profile festivals such as Sundance Film Festival and Slamdance Film Festival (Park City, Utah), to horror festivals such as Terror Film Festival (Philadelphia), and the Park City Film Music Festival, the first U.S. film festival dedicated to honoring music in film. Film Funding competitions such as Writers and Filmmakers were introduced when the cost of production could be lowered significantly and internet technology
Pather Panchali the countryside. When Ray told him about his longstanding wish to film "Pather Panchali", Renoir encouraged him to proceed. In 1950 Ray was sent to London by his employer, the advertising agency D.J. Keymer, to work at their headquarters. During his six months in London, he watched about 100 films. Among these, Vittorio De Sica's neorealist film "Bicycle Thieves" (1948) had a profound impact on him. In a 1982 lecture, Ray said that he had come out of the theatre determined to become a filmmaker. The film made him believe that it was possible to make realistic cinema that was