Privileged is a 1982 film notable for being the first theatrical release from the Oxford Film Foundation and the screen debut of Hugh Grant, Imogen Stubbs, Mark Williams, and James Wilby. Directed by Michael Hoffman with John Schlesinger, produced by Rick Stevenson (as Richard Stevenson), the film is about a group of Oxford student partygoers, with elements of a whodunit.

The classical score is by Rachel Portman in her film debut at the age of 22, and the film also uses dance tracks by Oxford student band "Kudos Points" whose members included Charlie Mole (who went on to compose film scores in his own right).

The screenplay includes a play within a play as several of the characters are vying for a role in a student production of The Duchess of Malfi.