HB 5508 establishes the Texas Film Academy, which will be attached to the Texas Workforce Commission and partnered with institutions of higher education. Its purpose is to develop workforce training and education programs for the film, television, and digital media industries. The academy will collaborate with industry leaders, facilitate curriculum development, and support degree and certificate programs across Texas. The bill also outlines a board of directors, industry partnerships, and a reporting system to measure success. The academy will terminate in 2032 unless extended by future legislation​.