Straight 8, challenges anyone to make a film on a single cartridge of Super 8 (3min20s), editing only in camera, with a separate original soundtrack. The best of each year is shown at the Cannes Film Festival.
There appears to be two styles of films produced using this technique. The first is the very precisely defined and the second the more chaotic and haphazard. The first can produce some good short films telling a short story, the latter approach is ideally for a more experimental or arty film.
Straight 8 '08 is now open for submissions until March.
Here are more Super 8 centric links.
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