Industry forecasts are bullish, projecting the screen sector's output will surge from 152 titles in 2024 to 200 theatrical titles annually by 2028, driven by major studios and new entrants alike. This growth goes beyond quantity. The screen sector generated USD 8.2 billion in output, contributed USD 5.1 billion to GDP, and supported 387,000 jobs in 2022, underscoring its crucial economic role. While the market faces volatility after breakthrough successes, the trajectory is unmistakably upward, with industry leaders discussing sustainable growth for the long term at the JAFF Market.
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The entertainment landscape is shaped by several powerful entities, from government bodies to media giants. The newly established Ministry of Creative Economy and the Ministry of Culture are playing a pivotal role, with a clear strategy to elevate creative industries as the engine for future national growth. Their work, from financing films to reforming music royalties and launching the National Talent Management (MTN) program, is setting the stage for long-term prosperity. Traditional broadcasters like TRANS7, tvOne, and Indosiar remain massive brands, leveraging their massive reach on both TV and YouTube. In the streaming world, the battle is led by Netflix, Disney+ Hotstar, Vidio, Viu, and iQIYI, with local champions like Vision+ and Dens.TV making strategic moves to capture a loyal user base. Get ready to lose a few hours
On the global stage, Indonesia’s strategic collaborations at premier events like the Busan International Film Festival (BIFF) showcase its emergence as a collaborative hub for Asia’s film industry. The government, recognizing cinema’s power, is also strengthening cultural diplomacy by supporting films rooted in local traditions. Behind the scenes, a new film financing mechanism is being prepared to protect intellectual property and attract investors, securing a bright future for the industry. Behind the scenes