The Philippine film industry is in a “dismal” state, as director Jose Javier Reyes put it, because a theater exhibition of movies offers producers only a low return on investment. | GabrielLaluINQ
, added: “How many producers are very active? Well, Viva is extremely active — but basically because of their major platform, because they have their own platform. If ever there are producers who are active, they’re no longer to service just the local industry alone, but to provide content for various platforms like Amazon Prime and Netflix.”Reyes said audiences and policymakers must not look at the Metro Manila Film Festival as an indication of the state of the industry.
In a previous hearing of the committee, Reyes advised local players to focus on helping the film industry survive first before aspiring for the Oscars.Reyes said they were looking towards teaching people the economic side of making movies, like guiding producers how to properly manage their finances.
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