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This Film is Not Yet Rated is a documentary that provides a rather insightful criticism of the Motion Picture Association of America, the industry-sponsored body that determines whether films are given a G, PG, PG-13, R, or NC-17 rating.
The filmmakers certainly do a wonderful job collecting evidence against the way the MPAA conducts itself, as well as providing a compelling investigation to uncover the shadowy ways of the institution itself. It's an interesting 97 minutes and it culminates in a rather satisfactory ending.
It isn't uncommon for documentaries to be heavily biased, but This Film is Not Yet Rated is somewhat unfair to the MPAA at times. The film never concedes that it's not inherently bad that some sort of voluntary ratings system exist to help moviegoers decide if a film would be wholly inappropriate for their children. Though an MPAA rating can cripple a film's potential to reach an audience, the documentary really seems to exaggerate to what extent the MPAA is a malicious censorship board. Furthermore, in some re-enacted phone calls, actors portraying MPAA employees take a really obnoxious tone that is obviously exaggerated to further the film's portrayal of the Association.
Most of the film's points are valid, however. The MPAA certainly does seem to favor studios and have a bias against sex (especially of the homosexual variety) rather than violence. The film spends most of its time either criticizing the MPAA's secrecy or the fine line between an R rating and an NC-17 rating, the latter of which can nearly guarantee that a film will not be especially profitable. It would have been nice to see the filmmakers propose a solution to the R/NC-17 blurriness as well as acknowledge that the distinction between an R-rated and a G-rated movie is significant and useful.
Overall, it's a very well-crafted film that is very educational and very persuasive. Anybody interested in the film industry would do well to give it a watch.