What's Happening?
A report by the anti-racism think tank for European Film (ARTEF) reveals that the film industry is becoming increasingly risk-averse due to budget cuts, technological disruption, and the dominance of streaming platforms. The report, launched at the Göteborg
Film Festival, highlights how these factors are pressuring film festivals to opt for safer programming choices, potentially stifling creativity and the discovery of new voices.
Why It's Important?
The findings underscore the challenges faced by the film industry in adapting to a rapidly changing landscape. The dominance of streaming platforms and economic pressures are forcing traditional film institutions to reconsider their strategies. This could impact the diversity of content available to audiences and limit opportunities for emerging filmmakers, affecting the industry's long-term vitality.
What's Next?
The report suggests that public funders create separate funding streams for newcomers to ensure they are not overshadowed by established companies. As the industry grapples with these challenges, stakeholders may need to collaborate on innovative solutions to support creative risk-taking and maintain the cultural significance of film festivals.
