The British film industry has made large contributions to modern cinema and has produced some of the greatest actors, directors, and films of all time. While it enjoyed success in the 1940s, the industry has faced ongoing debates about its identity and influences from American and European cinema. In recent decades, many British films have found international audiences but were financed and distributed by American companies, providing little financial benefit to the British industry itself. The British Academy of Film and Television Arts (BAFTA) was founded in 1947 to support and promote the film industry and continues to do so through educational events and annual award ceremonies.