1) Current trends in public film support show that while the total number of film funds in Europe has declined slightly, the number of fiscal incentive schemes has more than doubled over the past decade. Direct public funding for films has remained fairly stable.
2) Measuring the impact of public film support is challenging due to limitations in data availability and comparability. Potential impacts include increased production volumes and budgets, economic growth in the film sector and wider economy, cultural benefits, and stimulus for international co-productions and portable productions.
3) Going forward, public support may need to increase in importance to offset declines in traditional revenue streams for the film industry, as it seeks to maintain production levels and economic contributions. An
Presentation of the COP17 side-event "Post-2012 Market Mechanisms: adressing design and governance challenges". This side-event brings researchers and policymakers to explore the minimum principles, safeguards and governance models needed to establish effective, environmentally sound post-2012 market mechanisms.
Presentation on Siemens vocational education and training strategy by Jurgen Siebel on November 19, 2014 as part of the Global Cities Initiative study tour in Nuremberg.
Presentation on advanced industries and the German innovation and workforce model,by Bruce Katz, of the Brookings Metropolitan Policy Program, to a U.S. delegation of public, private, and civic leaders.
This presentation opened the 2014 Global Cities Initiative study tour of Munich, Germany, on November 18 2014.
In his presentation entitled: “R&D&I - Future Prospects”, Mr. Bernard Barani from EC presented the Commission’s proposals for the 2014-2020 Multiannual Financial Framework. He discussed the need for a Common Strategic Framework to increase impact and achieve simplification, while he outlined the objectives and structure of Horizon 2020.
Presentation on the State of Bavaria's economy, skills and innovation profile by Dr. Wolfgang Hübschle from Invest in Bavaria.
This presentation opened the 2014 Global Cities Initiative study tour of Munich, Germany, on November 18 2014.
Presentation of the COP17 side-event "Post-2012 Market Mechanisms: adressing design and governance challenges". This side-event brings researchers and policymakers to explore the minimum principles, safeguards and governance models needed to establish effective, environmentally sound post-2012 market mechanisms.
Presentation on Siemens vocational education and training strategy by Jurgen Siebel on November 19, 2014 as part of the Global Cities Initiative study tour in Nuremberg.
Presentation on advanced industries and the German innovation and workforce model,by Bruce Katz, of the Brookings Metropolitan Policy Program, to a U.S. delegation of public, private, and civic leaders.
This presentation opened the 2014 Global Cities Initiative study tour of Munich, Germany, on November 18 2014.
In his presentation entitled: “R&D&I - Future Prospects”, Mr. Bernard Barani from EC presented the Commission’s proposals for the 2014-2020 Multiannual Financial Framework. He discussed the need for a Common Strategic Framework to increase impact and achieve simplification, while he outlined the objectives and structure of Horizon 2020.
Presentation on the State of Bavaria's economy, skills and innovation profile by Dr. Wolfgang Hübschle from Invest in Bavaria.
This presentation opened the 2014 Global Cities Initiative study tour of Munich, Germany, on November 18 2014.
Giorgio Anania Photonics Venture Capital Initiatives in Europe Financing Phot...EPIC Photonics Investing
Photonics is a key pervasive technology that enables innovative and revolutionary solutions and products in diverse markets such as lifescience, agrofood, healthcare, security, defence, consumer, environment, energy, telecom/datacom…
The photonics industry is going through a transformation due to the maturity of the technologies and the fact that the implementation of these mature technologies is economically viable. The industry is going through numerous acquisitions, and there are many companies raising capital (www.epic-assoc.com/funding/venture-finance – spreadsheets “List of investments in photonics” & “List of M&A in photonics”).
Yet the photonics industry is hard to navigate both because of the vast amount of companies (there are 5000 companies in Europe involved in Photonics but 86% of them are SMEs), and the intrinsic fact that there are no ‘photonics’ companies but rather companies that develop sensors, lasers, optics, fibres, photonic integrated circuits, …
Value of Advertising, an independent study by Deloitte, has identified a multitude of benefits generated by advertising, to the overall economy, jobs and to civil society.
Economies around the world face headwinds to rapid growth: volatile commodity prices, slowing trade and sluggish productivity growth. What are the critical drivers of competitiveness and productivity in France, Europe and elsewhere? How can we ensure that growth is both robust and socially inclusive? What will be the impact of the latest technologies on lives and livelihoods?
Presentation made by World Economic Forum
This seminar, hosted jointly by the British Embassy and Afi School of Finance, was aimed at companies seeking alternative financing, as well as investors looking for new investment opportunities. It was also of interest to government officials and regulators.
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Presentation by Edgar Garcia Casellas during the Parallel Session on Access to Finance @ ECIA Closing Conference on November 27 2014 in Amsterdam (The Netherlands).
The main Media Market Trends & News we would like to share with you in this issue are the following:
Brief TV Market overview
o TV continues to show growth vs 2015
o Ukrainian Adv Coalition reviewed results for TV in 2015
Digital Market overview featuring recent launches and new Advertising possibilities
o Facebook Plans To Put Ads In Messenger
o Pinterest starts testing video ads
OOH Market Overview including the most innovative OOH cases & Trends from Ukraine & over the world
Print & Radio Market demonstrate growth
The short summary of up to date Consumer Trends & Studies
Ex-post impact assessment of EU Cohesion Policy 2007-2013Latvijas Banka
A presentation by Francesco Di Comite, Olga Diukanova, d'Artis Kancs, Patrizio Lecca, Montserrat Lopez-Cobo, Damiaan Persyn (European Commission, Joint Research Centre, IPTS Institute (Seville, Spain)) at the Workshop on Public Finances in Riga on 21 June 2016
Giorgio Anania Photonics Venture Capital Initiatives in Europe Financing Phot...EPIC Photonics Investing
Photonics is a key pervasive technology that enables innovative and revolutionary solutions and products in diverse markets such as lifescience, agrofood, healthcare, security, defence, consumer, environment, energy, telecom/datacom…
The photonics industry is going through a transformation due to the maturity of the technologies and the fact that the implementation of these mature technologies is economically viable. The industry is going through numerous acquisitions, and there are many companies raising capital (www.epic-assoc.com/funding/venture-finance – spreadsheets “List of investments in photonics” & “List of M&A in photonics”).
Yet the photonics industry is hard to navigate both because of the vast amount of companies (there are 5000 companies in Europe involved in Photonics but 86% of them are SMEs), and the intrinsic fact that there are no ‘photonics’ companies but rather companies that develop sensors, lasers, optics, fibres, photonic integrated circuits, …
Value of Advertising, an independent study by Deloitte, has identified a multitude of benefits generated by advertising, to the overall economy, jobs and to civil society.
Economies around the world face headwinds to rapid growth: volatile commodity prices, slowing trade and sluggish productivity growth. What are the critical drivers of competitiveness and productivity in France, Europe and elsewhere? How can we ensure that growth is both robust and socially inclusive? What will be the impact of the latest technologies on lives and livelihoods?
Presentation made by World Economic Forum
This seminar, hosted jointly by the British Embassy and Afi School of Finance, was aimed at companies seeking alternative financing, as well as investors looking for new investment opportunities. It was also of interest to government officials and regulators.
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Presentation by Edgar Garcia Casellas during the Parallel Session on Access to Finance @ ECIA Closing Conference on November 27 2014 in Amsterdam (The Netherlands).
The main Media Market Trends & News we would like to share with you in this issue are the following:
Brief TV Market overview
o TV continues to show growth vs 2015
o Ukrainian Adv Coalition reviewed results for TV in 2015
Digital Market overview featuring recent launches and new Advertising possibilities
o Facebook Plans To Put Ads In Messenger
o Pinterest starts testing video ads
OOH Market Overview including the most innovative OOH cases & Trends from Ukraine & over the world
Print & Radio Market demonstrate growth
The short summary of up to date Consumer Trends & Studies
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A presentation by Francesco Di Comite, Olga Diukanova, d'Artis Kancs, Patrizio Lecca, Montserrat Lopez-Cobo, Damiaan Persyn (European Commission, Joint Research Centre, IPTS Institute (Seville, Spain)) at the Workshop on Public Finances in Riga on 21 June 2016
Similar to Trends in public film support - Gilles Fontaine (20)
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
1. Current trends in
public film support and
perspectives on impact
Gilles Fontaine
Head of Information on Markets & Financing
European Audiovisual Observatory
Montenegro Presidency Workshop, Podgorica, 11 June 2015
4. Direct public funding is only one form of public film support
Different possibilities
for national film policy makers
to support the financing
of film and audiovisual production
Fiscal
Incentive
Schemes
1
Direct
Public Support
through
Film Funds
2
Regulating
investments in
production by
broadcasters
and other
stakeholders
3
4
5. 2009: 262 funds
2014: 254 funds
2004 2009 2014
Evolution of the number of film funds in Europe (36), 2004-2014
Source: OBS
KORDA
195
262 254
The total number of funds declined slightly
5
6. The number of fiscal incentive schemes more than doubled in 10 years…
Source: SPI
New schemes introduced Schemes closed Total active schemes
1 1 1
5
3
1 1
2
5
1 1 1
2
1
12 12 12 12
17
20
21
20
22
26
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Timeline: Fiscal incentive schemes becoming operational in Europe 2005-2014
6
8. The launch of new fiscal incentives in France did not
represented a reduction of the allocation for the existing ones
0
20
40
60
80
100
120
140
160
180
200
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
CIJV (2008)
C2I/ TRIP (2009)
CIA (2006)
CIC (2005)
SOFICA (1985)
French fiscal incentives, 2004-2014
EURmillion
Source: CNC
8
10. Limitations of impact measurement
Causality between different film policy measures and effects
Example: Production investment is increasing, but to which extent can this be linked to
direct public funding and to which extent is it linked to additional fiscal incentive
schemes?
Lack of data
Many countries do systematically collect the data which would be required to properly
analyse impact of public support measures
Limited comparability between European markets
… due to different methodologies impossible to have a comprehensive “pan-
European” analysis.
… but also between indicators: no “global” indicator
… as impacts take many different forms. And the methodology how to measure impact
differs accordingly from one indicator to the next.
10
11. Indirect & induced
economic impacts
Exploitation
related economic
impacts
Cultural & societal
impacts
Direct production
related economic
impacts
Potential
impacts of
public film
support
Many impacts areas
11
12. Direct production related economic impacts …
Growing film
production volume
Sector
employment
growth
Growing film
production
spend
Stimulate
international
cooperation
Develop
film & AV
sector
GDP / GVA
contribution
Attract
portable
productions
Impacts of
public film
support 12
13. The increase of public support
can play an important role in increasing
production volume and budgets…
…provided that infrastructure, talent and
crews match this increase (otherwise it will
only result in an increase of production costs)
13
14. Case Study Importance of public support as financing source for European films
Share of public support in total production costs
Sources: NFF, SFI, CNC, FIAPF, IVF, IFTA, OBS
In %.
48% 48%
14%
33%
40%
28%
17%
11%
37%
35% 42% 49%
NL SE FR Amour A Royal
Affair
Carnage
Producer / Private investments
In selected markets (2013) In selected films
Public support (national and international
Other
Broadcaster (co-prod & pre-sales)
14
15. Case Study Impact on production volume
Turkey – Number of films produced 2000-2014
Sources: Antrakt, OBS
In units.
0
20
40
60
80
100
120
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Re-establishment of
public production
support
108
20
15
16. 0
2
4
6
8
10
12
14
16
2009 2010 2011 2012 2013
Case Study Impact on production spend
Croatia – Production spend 2009-2013
Sources: Croatian Audiovisual Centre, Olsberg SPI
In EUR mio (2013 prices).
Introduction of fiscal
incentive scheme
20
Production spend
Direct public funding
16
17. Public funding has
the potential to stimulate
international co-productions
…
and is a decisive factor in attracting
portable productions,
…
but this is hard to quantify
17
18. Key findings from Olsberg study on fiscal incentive schemes suggest that …
Sources: Olsberg SPI
… Public support - particularly fiscal incentives - can have a positive
impact on the ability of countries to become attractive co-production
partners. This tends to be the main reason for productions moving
between European countries.
… In addition, international portable productions generally flow into
Europe rather than out of Europe, attracted by fiscal incentive
schemes and direct public support schemes
… Keep in mind: Public support (direct or through fiscal incentives) is
only one of many factors affecting the production location decision
Qualitative research shows …
18
19. Public support is
considered to stimulate
employment growth
in the film and audiovisual sector
…
but, again, this is hard to quantify
19
20. 52
43 44 46
51
56 59 61
58
63 65 63
3
3 3 3
4
4
4
4
4
4
5 5
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Case Study Impact on employment
France – Employment in French film production 2001-2012
Sources: EY/CNC, Olsberg SPI
In 1 000s.
Freelance
Permanent
Direct public support
+ SOFICA
Direct public support
+ SOFICA
+ Crédit d’Impôt
Direct public support
+ SOFICA
+ Crédit d’Impôt
+TRIP
48 50048 500
68 000
+38%
20
21. Key findings from Olsberg study on fiscal incentive schemes suggest that
Sources: Olsberg SPI
… Alongside production levels and impacts, incentives also stimulate
significant employment growth
… There is also evidence that these workforces are mobile, moving
between adjacent countries to fill needs
… This contributes to regional development of the sectors, an
increase in co-production activity and especially contributing to
skills development
… and qualitative research shows …
21
22. Growth
in film and AV production
drives growth in wider areas
of the economy …
22
23. Exploitation related economic impacts
DVD / BluRay
sector
Cinema exhibition
Distribution
Impacts of
public film
support
VOD
TV
23
24. Multiplier & spillover effects
Induced
impact
Indirect impact
Impacts of
public film
support
Film induced
Tourism
Trade
promotion
Growth
driver for
other
creative
sectors
24
26. Case Study Impact on film tourism
Examples for film tourism impact in destinations
Sources: Turizam Volume 17, Issue 1: Film Tourism: A Contemporary Resource for Promoting Serbia
26
27. Case Study Impact on film tourism
Croatia – Tourism arrivals 2005-2014
Sources: Bloomberg Markets
In millions.
Game of Thrones
starts in April 2011
27
29. Case Study Impact on merchandise sale
UK – Economic impact of film induced merchandise sales in UK 2013
Sources: Olsberg / Nordicity analysis based on data from Oxford Economics 29
31. Case Study Impact on brand promotion
UK – Economic impact of film induced UK brand promotion 2013
Sources: Olsberg / Nordicity analysis based on data from Oxford Economics, BFI, Rentrak, MPAA, HIS and ONS
31
32. Cultural & social impacts …
Cultural
diversity
National /
European
identity
Awards
Impacts of
public film
support
Heritage
awareness
32
Public
diplomacy
(Soft power)
33. Public funding for award winning films
Source: OBS
DK / SE / CZ
40%
FR / DE / PL / ES PL / DK FR / DE / AT
28% na 33%
33
35. Goals Impacts
Impact
evaluation
Up front
methodology
The need for goals hierarchy and impact assessment
«Soft Power»
Heritage
Awareness
Economic
Growth
Consumer
Interest
Employment
Direct
Exploitation
Cultural
Indirect & induced
1
35
36. 0
100
200
300
400
500
600
700
800
900
1 000
2012 2013 2014 2015 2016
20.0
21.0
22.0
23.0
24.0
25.0
26.0
27.0
28.0
29.0
30.0
2012 2013 2014 2015 2016
5000
5200
5400
5600
5800
6000
6200
6400
6600
6800
100.0
300.0
500.0
700.0
900.0
1 100.0
1 300.0
1 500.0
2012 2013 2014 2015 2016
Theatrical will stagnate
GBO @ EUR 6.3 bn
Admissions @ 910 mio
Traditional TV revenues to decrease over time
EUR 27.7 bn
TV advertising
Physical video will continue to drop
EUR 6.6 bn
Digital video will grow but not compensate
EUR 27.7 bn
TV advertising
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
2012 2013 2014 2015 2016
EUR 1.9 bn
Overall revenues to film industry likely to decline…2
36
37. 2. …Public support could become proportionally even more important
France – Public contribution to total production investment 2010-2014
Sources: CNC, OBS
In EUR million.
15%
11%
14% 14%
18%
1 439
1 389
1 342
1 255
994
209
160 183 173 176
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0
200
400
600
800
000
200
400
600
2010 2011 2012 2013 2014 est.
% share Total investment in French film production Direct public funding + Fiscal Incentives
37
38. Public Funding for Films and
Audiovisual Works in Europe
An update of the OBS report on film funding in Europe will be released in
2016
38
It will include European as well as
country-by-country figures on:
• Funding body population
• Income by type of source
• Spend by activity
• Trends in recent years
Editor's Notes
Growing recognition of cultural and economic importance of film and audiovisual sectors
Many countries are aiming to grow their Creative Industries because of the broad-based advantages they deliver, for example in terms of- employment,
heritage awareness,
consumer interest,
economic growth,
exports,
Tourism,
and so-called national ‘soft power.’
Given these potential positive aspects, most countries actively support the development of the film and audiovisual sectors through film policy measures.
Though possibly the most visible one, direct public film funding is only one - albeit a very important - form of public support for the production of film and audiovisual works in Europe
Broadly speaking, national film policy makers generally opt for a mix of one of three different forms …
…
Now, let’s have a look at some trends in the field of public film support … NEXT SLIDE
… shift towards national funds, less regional / community funds
Several dormant regional funds (with much fewer schemes and budget now than before 2009)
Restructuration of the UK regional funds
Several new regional funds in Poland
The number of fiscal ….
Countries introducing fiscal incentive schemes in recent years include e.g. Lithuania, the Former Yugoslav Republic of Macedonia, the Netherlands, and Slovakia.
Others such as Finland, Norway, Poland and Serbia are giving the matter serious consideration. (TO BE CHECKED WHETHER THEY INTRODUCED SOME IN THE MEANTIME)
Another trend worthwhile noting, is the fact that – the majority of the newly introduced schemes – take the form of rebate-style structures rather than the more traditional form of tax shelter:
Of the seven rebates introduced in Europe between 2010 and 2014, six were structured as rebates, with only one taking the form of a tax shelter.
Now, with a growing number of fiscal incentive schemes, some industry players fear that this trend leads to a … NEXT SLIDE
BACKUP INFO as to why there is a trend towards rebate structures:
Olsberg: “We believe that this is predominantly a result of policymakers increasingly recognising the self-funding nature of rebate-style fiscal incentive schemes and wishing to have systems that are as transparent and straightforward to operate as possible.”
So, it seems that – at least on a pan-European level – public funding levels have remained fairly stable over the past years and the fiscal incentive schemes are being used as complementary instruments to support the film and audiovisual sectors.
Needs explanation
Many countries are aiming to grow their Creative Industries because of the broad-based advantages they deliver, for example in terms of- employment,
heritage awareness,
consumer interest,
economic growth,
exports,
Tourism,
and so-called national ‘soft power.’
Given these potential positive aspects, most countries actively support the development of the film and audiovisual sectors through film policy measures.
And there are different ways how to do this NEXT SLIDE
TO DO: THIS SLIDE COULD ALSO BE USED FOR SHOWING IN AN OVERVIEW THE POTENTIAL IMPACTS OF PUBLIC SUPPORT LATER ON - NEEDS TO BE UPDATED ACCORDINGLY
Percentage share of public support in total production costs varies from one film to the next and between markets – in particularly whether or not it is complemented by mandatory broadcaster investments (like in France) – but it clearly forms a crucial backbone of the European film financing system.
It is probably fair to assume that without public support, the current high levels of European production volume could not be achieved.
FIS report p63
Inner-European production flows tend to be linked to increasing levels of co-production
Consultees have also noted the positive impacts that the introduction of an incentive can have on the ability of countries to be attractive co-production partners. Central to this is the guaranteed element of finance that the incentive provides, making the structuring of a co-production significantly easier when compared with the uncertainties of a selective direct funding system. This factor has enabled smaller countries to become more active co-production partners.
http://www.bloomberg.com/news/articles/2015-04-02/can-game-of-thrones-save-croatia-
Dubrovnik is shooting location for Kings Landing, one of the main locations in the Game of Thrones saga
Summary: Long term lower revenues will be less … Theatrical window to become proportionally more important for larger films, while smaller films stand to benefit more from online? Key will be cost and smart financing
And more players to share changes in value chain