Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film Fund

The film industry can be considered the most important in creative industries since it possesses the characteristics of industrial organization, a high degree of demand uncertainty, contractual agreements, and business practices. What is more, the film industry strongly influences the other sub-sect...

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Main Authors: Dabrovolskas Audrius, Cane Renate
Format: Article
Language:English
Published: Sciendo 2024-12-01
Series:Economics and Culture
Subjects:
Online Access:https://doi.org/10.2478/jec-2024-0024
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author Dabrovolskas Audrius
Cane Renate
author_facet Dabrovolskas Audrius
Cane Renate
author_sort Dabrovolskas Audrius
collection DOAJ
description The film industry can be considered the most important in creative industries since it possesses the characteristics of industrial organization, a high degree of demand uncertainty, contractual agreements, and business practices. What is more, the film industry strongly influences the other sub-sectors, because of the broad-based advantages that it delivers in terms of employment and economic growth. On the other hand, the economic value of creative industries does not arise from their relative contribution to economic value, but from the co-ordination of new ideas and technologies thereby influencing change in economic and cultural processes. Since European film industries are fragmented, there is a constant need to rethink possible model for their continuous growth. This is especially relevant in the context of smaller film industries in Europe such as in the Baltic States, because their budgets for film production are relatively small compared to bigger film industries. Therefore, in order to foster new industry development, which would also reflect the regional context of the Baltic States and its location strengths, the potential of co-productions - mission-economy approach is proposed as it emphasizes market co-creation, co-shaping, partnerships between business and public sector and other managerial and technological innovations.
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spelling doaj-art-c712871bbace4ace86936a21130183b32025-08-20T02:51:48ZengSciendoEconomics and Culture2256-01732024-12-0121213814910.2478/jec-2024-0024Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film FundDabrovolskas Audrius0Cane Renate1Turiba University, Riga, LatviaTuriba University, Riga, LatviaThe film industry can be considered the most important in creative industries since it possesses the characteristics of industrial organization, a high degree of demand uncertainty, contractual agreements, and business practices. What is more, the film industry strongly influences the other sub-sectors, because of the broad-based advantages that it delivers in terms of employment and economic growth. On the other hand, the economic value of creative industries does not arise from their relative contribution to economic value, but from the co-ordination of new ideas and technologies thereby influencing change in economic and cultural processes. Since European film industries are fragmented, there is a constant need to rethink possible model for their continuous growth. This is especially relevant in the context of smaller film industries in Europe such as in the Baltic States, because their budgets for film production are relatively small compared to bigger film industries. Therefore, in order to foster new industry development, which would also reflect the regional context of the Baltic States and its location strengths, the potential of co-productions - mission-economy approach is proposed as it emphasizes market co-creation, co-shaping, partnerships between business and public sector and other managerial and technological innovations.https://doi.org/10.2478/jec-2024-0024film policyfilm productioncreative industriesmission economybaltic film industries.m1z1z110z180.
spellingShingle Dabrovolskas Audrius
Cane Renate
Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film Fund
Economics and Culture
film policy
film production
creative industries
mission economy
baltic film industries.
m1
z1
z110
z180.
title Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film Fund
title_full Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film Fund
title_fullStr Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film Fund
title_full_unstemmed Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film Fund
title_short Film Policy and Film Production: The Potential of Baltic Co-Productions and New Film Fund
title_sort film policy and film production the potential of baltic co productions and new film fund
topic film policy
film production
creative industries
mission economy
baltic film industries.
m1
z1
z110
z180.
url https://doi.org/10.2478/jec-2024-0024
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