Building sustainable film businesses: 4 the challenges for industry and government Foreword from the sponsors The challenge of creating sustainability in the independent film sector is an issue for every country, not just Sweden and the United Kingdom. Netflix is already thinking about how it can mirror blockbuster theatrical paydays by offering bonuses for films that win awards or pull in a large number of viewers, a move that could help set the standard for how talent is compensated in this new era. Both the art and the business of indie films are constantly evolving. He concluded, sounding a positive note that the film industry still has a bright future ahead, despite the various challenges the industry has been facing. According to the report, the film industry faces multiple challenges on regulatory fronts such as about 70 approvals and licenses from as many as … The creative and cultural industries (CCIs) are rife with their own well-known challenges, but an added burden for many women in the film and television industry specifically is the prevalence of a number of barriers to entry – some of which the National Film and Video … The Judgement Seat of Vikramaditya by Sister Nivedita, The Most Dangerous Game by Richard Connell, A Thread without a Knot by Dorothy Canfield Fisher, I Cannot Remember My Mother by Rabindranath Tagore, The Solitary Reaper by William Wordsworth, On His Blindness (Sonnet 19) by John Milton, Astrophil and Stella, Sonnet 1 by Philip Sidney, A Song for St. Cecilia’s Day by John Dryden, The Ant and the Grasshopper by W. Somerset Maugham, The Quarrel between Agamemnon and Achilles by Alfred John Church, The Seven Ages of Man by William Shakespeare, Oh! In recent years, artists of the film world have been visiting foreign lands with a view to presenting before audience in those countries the best products of their cultural heritage. Sustained entertainment for multitudes lasting two or three hours is possible only in big cinema halls. The best way to face these challenges is by taking advantage of them, in order to use the weaknesses in our favor, though it might seem to be absurd. The #PayUpHollywood movement, sparked in the fall by veteran writers Craig Mazin (“Chernobyl”), John August (“Big Fish”), and Liz Alper (“Chicago Fire”), has many declaring the system is broken. As cultural agents movies can cement ties of love and brotherhood among nations and teach them to confer on each other the benefits of all the rich and glorious achievements of the present enlightened age. After experiencing boom years from 1939 to 1946, the film industry … Greta Gerwig continued to prove her stellar writing and directing chops with “Little Women” and Chinese-American Lulu Wang offered her entirely original family drama “The Farewell.” Meantime, three other women-directed titles, “Frozen II,” “Captain Marvel,” and “Hustlers” will pass $100 million, showing studios there’s money to be made with women behind the camera. The … It’s an environment that led HBO to pick up TIFF breakout “Bad Education” for nearly $20 million and NBC paying $100 million per year for five years to stock its Peacock service with “The Office.”. From time immemorial, filmmakers have been fighting with the producers and distributors over how to make or modify their film. It’s boom times for both original, high-quality content and well known library titles as Netflix and Hulu are facing new competition from the likes of Apple, Disney, WarnerMedia, Quibi, and NBCUniversal, all of which are have launched or will soon launch their own streaming services. Perhaps one of the biggest issues facing cinema chains is advertising. Your email address will not be published. The devaluation of film as a product. Unfortunately, independent filmmakers face several challenges, most of them have existed for decades, while others have recently appeared due to new technologies in the industry. Film Industry Faces Streaming Madness, Income Inequality, and More Big Challenges in 2020 2019 established several major hurdles that may determine the future of the film … But at the same time, IndieWire’s Tambay Obenson reported that of the top 100 movies of 2019, 34% featured a lead or co-lead of color, compared to 27 percent in 2018. Last year was one for the movie-history books: 2019 gave us the highest grossing movie ever in “Avengers: Endgame,” Netflix continued to cement itself as a corporate patron of original storytelling with awards movies like “The Irishman,” and Disney’s purchase of Fox further solidified the company as the Hollywood power to be reckoned with as its movies accounted for nearly 40% of domestic grosses. However, this process is marred with some petty problems worldwide; such as the conflict of director’s vision with the studio’s requirements. One curious outlier exists in “Knives Out”: Rian Johnson’s original murder mystery, a crowdpleaser since its Toronto premiere, has so far grossed $247.32 million. Tenacious 'Tenet' Still Soaring on VOD Charts as 'News of the World' Stays Strong, 'WandaVision': All of the Marvel Easter Eggs and Sitcom References So Far, 'The Lord of the Rings': Everything You Need to Know About Amazon's Big Money Adaptation, 'Bridgerton': Everything You Need to Know About Shonda Rhimes' First Netflix Show. If “Endgame” can make $2.8 billion, why would any studio ever want to take a gamble on something that might only make a modest few million at best? Assistants struggle to make ends meet on salaries that in many cases aren’t much more than minimum wage. That means for investors to successfully recoup their money and make profit, about 4,000 – 5,000 units of DVDs needs to be sold. The year 2018 was a disruptive one for UK film distribution, with ongoing challenges in the market causing a shake-up. Could his World War I epic scratch the same itch as the latest Marvel movie? The film industry is facing the challenge of the television screen which, because of its ready availability and nearness to entertainment seekers, is becoming very popular, particularly in the West where television programmes are as indispensable to people as newspaper material. While these milestones mark success for powerhouses Disney and Netflix, dig beneath the surface and you’ll find plenty of questions about what they mean for the future health of the film industry. At its best, cinema can help bring audiences from different backgrounds together and help them navigate and understand the world around them — and that world is full of diversity in gender, ethnicity, sexuality, and class. In addition to making sky-high rent in Los Angeles, assistants at agencies must dress to impress while set PAs and writers assistants need to pony up for movie tickets and streaming services in order to keep up with everthing new, all as part of a system that has long promised the possibility of realizing dreams if you pay your dues — which often means low pay, long hours, and tough working conditions. Sign up for our Email Newsletters here. Your email address will not be published. Advertising Challenges for Cinemas. This is why of the millions of ideas that are turned into concepts, a few thousand are transformed into scripts. Digital History TOPIC ID 127. Can movie theaters stay solvent? But the number directed by filmmakers of color fell from 26 percent in 2018 to 18 percent in 2019. The so-called “digital fur” donned by Judi Dench and Taylor Swift in “Cats” became instantly notorious long before the film was released in December, which came apparently before it was even finished — Universal sent a second version of the film with more complete CGI to theaters after it was exhibited to audiences for a week. The structure and economics of film production are not particularly well suited to building Film festivals which many European and Asian countries have been organising from time to time have also proved to be of immense value in reducing social barriers, colour prejudices and other causes of friction between nations. All movie production spaces have been officially “locked down” and all talent – whether in front of or behind the camera – has been quarantined. Faced with a rapidly evolving situation both ... are still faced with many challenges such as copyright ownership, cultural diﬀerences, and diﬀerent work styles. 2019 marked an increase in women-directed films: 19 of the 125 or-so wide studio releases were female helmed, an increase from just four the year before. The film industry is facing the challenge of the television screen which, because of its ready availability and nearness to entertainment seekers, is becoming very popular, particularly in the West where television programmes are as indispensable to people as newspaper material. Notify me of followup comments via e-mail. The more people understand and appreciate the past history, present aims, customs, habits and beliefs of men and women in foreign lands, the more will they realise that their interests can best be served by establishing friendly relations with them and by removing those irritants which breed distrust, lack of co-operation and the desire to punish those whose views and attitudes are such as they do not like. Post-War Hollywood. Here are five big questions facing the film industry in 2021 as it looks to turn the page on an annus horribilis. Universal is reportedly looking at a $70 million loss for “Cats” after poor box-office performance and has ceased the awards campaign for the film after dreadful reviews. A USC Annenberg Inclusion Initiative report released in the fall put it simply: Inclusion in Hollywood continues to proceed at “a very slow pace” and inconsistently. CHALLENGES FACED BY FEMALE MANAGERS IN THE BANKING SECTOR OF NIGERIA A Case Study of Diamond Bank Lagos INTRODUCTION For a long time, women had to contend with a plethora of challenges in the execution of their duties. Like we all know, a whole list of problem faced in our very own Nollywood are listed herein for possible consideration. Today, the film industry is witnessing some key trends which might have a direct impact on shaping its future. The average cost of producing a movie in Nigeria ranges between the sums of 3.5 million naira – 5 million naira. The motion picture has also stepped into the international sphere as an agent of goodwill and co-operation among nations. The Entertainment and Media (E&M) industry is facing numerous challenges, and you need to be familiar with the issues that could affect your business, such as: Shift to digital Tax incentives The film industry changed radically after World War II, and this change altered the style and content of the films made in Hollywood. Film is becoming less 'valuable' as streaming content on mass … For a feature, you probably aren’t going to be taking off time from work if you have an ultra low budget film. Perhaps expectedly given the returns, that movie is reportedly getting the franchise treatment as Lionsgate looks to develop a film centered around Daniel Craig and his Southern detective character. Advocates say entering Hollywood on the ground floor is increasingly open only to those with family support, a factor that undoubtedly limits the perspectives of stories told in moves or on TV along ethnic and class lines. It’s why no traditional studio would touch “The Irishman” with its very expensive VFX — even though director Martin Scorsese is as much of a one-man franchise as Hollywood could ask for — and why Netflix released that film and “Marriage Story,” the prestige drama from director Noah Baumbach. When done with the production, the movies are made immediately available in DVDs at the price of 1,000 – 1,500 naira. Of this amount, the domestic film revenues crossed INR 100 billion with Net Box Office Collections for Hindi films at INR 32.5 billion – the highest ever. If Netflix continues to grow as a go-to distributor for original prestige titles that play for just a short time in limited release, what does that mean for moviegoing’s future? The war also changed the conditions of filmmaking, in France, Germany, Russia and the United States. You might be willing to use up a lot of your vacation time, but everyone else working for free isn’t. The unexpected appearance of the namesake character in the trailer for “Sonic the Hedgehog” led filmmakers to go back and tinker with his appearance before the movie’s planned February 14 release. Copyright © 2021 Penske Business Media, LLC. All rights reserved. The statistic only tells part of the story: 2019 was one of the top-three best years ever at the box office, with over $41 billion in worldwide grosses. A list of good resource for women looking to get into the film industry: Women in Film Foundation, Bentonville Film Festival (started by Geena Davis), Athena Film Festival, Chicks Who Script, Ms. Cinema distribution is still healthy but it is different somehow. Required fields are marked *. But there are other challenges, even with weekends-only. The problems that have caused the Kenyan film industry to lag behind can be summed in various points. The aim of this paper is to discuss the challenges and potentials of the Malaysian film industry from the perspective of the industry players such as filmmakers and producers. It’s all but assured we’ll see even more eye-popping deals as companies battle for subscribers dollars’ and embrace the prospects of operating streaming platforms at a loss in order to make that happen. Challenges Facing Independent Filmmakers: Money and Financing. History of film - History of film - The war years and post-World War II trends: During the U.S. involvement in World War II, the Hollywood film industry cooperated closely with the government to support its war-aims information campaign. History of Film making in Nigeria The first and most important issue that Nollywood have to contend with, is the silent war among producers tribalism over the history of film … It’s an exciting time for visual effects when Will Smith can convincingly battle against a younger version of himself in 120 fps in “Gemini Man” and a 76-year-old Robert De Niro can be de-aged to lifetime of more youthful moments in “The Irishman.” But recent movies indebted to CGI advancements haven’t all been well-received by audiences. The measure of success in this realm is straightforward: Studios should aim to make movies with casts and crews that better reflect society. Some of these are: Lack Of Skills. When it comes to original movies that stand on their own, “1917” director Sam Mendes suggested after his Golden Globe win that the onus is on filmmakers to make cultural moments that need to be seen in a theater — think explosions that need to be heard on surround sound and gorgeous cinematography that just can’t be done justice on a TV. Cultural contacts which tend to reduce tension in the world and bring harmony in international relations have been established through the medium of films. Fact: Not only has image and sound … It’s a fact that’s played out most recently in the 2020 BAFTA nominations, which saw only white actors and male directors. The media and entertainment industry in India enjoyed a stellar performance in 2018, with the film segment expanding by 12.2% to reach an annual revenue of INR 174.5 billion. Although this might seem easily achievable when considering the fact … While these movies are testaments to the countless people who work tirelessly on bringing fantasy to life and to the stunning technological advancements realized in just a few years, they’re also evidence that studios need to think more tactically about spending on such expensive CGI spectacles. Imagine a Netflix where filmmakers could upload their own content…for free. History of film - History of film - The threat of television: The film industry believed that the greatest threat to its continued success was posed by television, especially in light of the Paramount decrees. Sign up for our Email Newsletters here. In this time of change, the industry is facing a wide range of challenges as it steadies the course into the era of streaming wars. Sign Up: Stay on top of the latest breaking film and TV news! Sustained entertainment for multitudes lasting two or three hours is possible only in big cinema halls. Filmmaking is not an easy endeavor. The shift from conventional TV to the internet: An increasing shift from the cable […] This is an inadequacy as most people especially the young Kenyans want to rush into the film industry thinking it is an easy road to the dream or easy money. We have the potential to do something about it. Challenges Faced by Female Managers in the Banking Sector 2095 Words | 9 Pages. Digital History>Topics>Film . And there’s more work to be done. ALBUQUERQUE, N.M.- Aspiring writers, actors and other film industry hopefuls are facing the reality of COVID-19 and the additional challenges it's added to an already complicated career field. The studios seemed to be losing their control of the nation’s theatres at the same time that exhibitors were losing their audiences to television. an enormous profit is guaranteed) filmmakers and studios have struggled to find a way to apply the low risk, high reward formula to original stories. Meanwhile, original, mid-budget theatrical releases are an ever-rare breed. Scenic beauty, background effects and colour techniques which have made the products of cinema industry so attractive and delightful may not be reproduced by television programme organisers, and therefore, this important invention in the field of wireless communication, in spite of having become a big rival of the cinema, may not succeed in replacing it. As mega-corporations like Disney make billions every year and the biggest showrunners and filmmakers are inking hefty deals with studios and streamers, the riches have not been trickling down to those on the lowest rungs of the Hollywood ladder. That is essentially what today’s YouTube is and in 2020 I expect this to blow up like every other scene in a Michael Bay film. Here are some of its biggest hurdles in the year ahead. You can also subscribe without commenting. ... continuously in the film industry, and Internet film companies such as Tencent Pictures, iQiYi Films, and Baidu Pictures, are … Interviews with leading film and TV creators about their process and craft. Look at the Moon by Eliza Lee Cabot Follen, Innocent Child And Snow-White Flower by William Cullen Bryant, Aristotle’s Views on Happiness, Virtue, and the Ideal Man, Difference between Tragedy and Epic according to Aristotle, My Struggle for an Education by Booker T. Washington, 50+ Proverbs in English with Meanings and Example Sentences, 60+ Examples of Collective Nouns in Sentences, 50+ English Idioms with Meanings and Example Sentences, scenic beauty, background effects and beautiful faces, scenic beauty, good sets and colour techniques, scenic beauty, gaudy dresses and colourful techniques, scenic beauty, background effects and colour techniques, establishing friendly relations with them, presenting best products of their cultural heritage, bringing harmony in international relations. After it goes wide on Friday, studios just might have found their next formula for success. This Article is related to: Film and tagged Streaming, VFX. The film is being released in 70mm Ultra Panavision as part of a special road show production that is going around the country in much the same … That’s largely thanks to a banner year for Disney, the studio that has become synonymous with franchise installments like “Avengers: Endgame,” which broke the worldwide gross record when it brought in $2.8 billion. In an era when familiar tentpoles like “Endgame” set the standard for moneymaking (i.e. In this regard, the essay will focus on carrying out a comparative addressing and critiquing issues of two different creative fields which happens to be music and acting (Cleve, 2012). Cinema is a technological art whose trends and challenges are entwined in the business, technology, and culture because of its global nature. Stay on top of the latest breaking film and TV news! As the streaming war ramps up and the industry continues to consolidate, executives and creatives in power should think about how they want the industry to look in this new era. Film Industry Network is a news and resource platform helping filmmakers and entertainment professionals realize their full potential. The Government took into account the losses faced by the film industry due to rampant increase in piracy and, in particular, the release on the internet of pirated versions of the films, which in turn causes loss to the Government Exchequer. 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But as streaming continues to grow in importance compared to theatrical releases, there will eventually need to be a method to the madness. It’s started gaining traction, with showrunners Adam Conover (“Adam Ruins Everything”) and Ayelet Waldman (“Unbelievable”) among those reportedly negotiating for higher assistant pay on projects they’re developing and Verve giving entry-level employees as much as a 40% pay hike. You will be redirected back to your article in, Get The Latest IndieWire Alerts And Newsletters Delivered Directly To Your Inbox. Ongoing challenges in the Banking Sector 2095 Words | 9 Pages production, the movies are immediately! Make or modify their film entwined in the market the film industry is faced with challenges such as a shake-up t much more than wage... As streaming continues to grow in importance compared to theatrical releases, there will eventually need to sold... 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