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 established crew. Funding was a problem from the outset. No producer was willing to finance the film, as it lacked stars, songs and action scenes. On learning of Ray's plan, one producer, Mr Bhattacharya of Kalpana Movies, contacted Bandopadhyay's widow to request the filming rights and get the film made by Debaki Bose, a well-established director. The widow declined as she had already permitted Ray to make the film. The estimated budget for the production was 70,000 (about US$14,613 in 1955). One producer, Rana Dutta, gave money to continue shooting, but had to stop after some of his films flopped.