Indonesian biz generates $845 mil in revenue

Report sees potential for huge growth

BEIJING — The Indonesian film and TV biz contributed $845 million to the country’s economy and created more than 191,000 jobs in 2010, generating $86.5 million in tax revenues, per a study presented by the Motion Picture Assn. at a workshop in Jakarta.

The study, by global forecasting and research consultancy Oxford Economics, is the first to measure the economic impacts of the biz in country, one of the fastest growing major economies in the world.

“A vibrant screen industry is valuable to our country both culturally and economically. This report will provide an important foundation for identifying our industry’s areas for potential growth,” producer Shanty Harmayn said.

The film and TV industry’s economic contribution to GDP in 2010 was $2.98 billion, or 0.43% of the total.

However, the report showed that there is still plenty of room for growth. Indonesia has only 675 cinema screens for a population of 245 million.

Producer Chand Parwez, a representative of the Indonesian Motion Picture Producers’ Assn., said this compared with 639 screens in Malaysia for 28 million people.

“More screens would benefit both audiences and local producers. We’d all love to see more local movies with bigger budgets being seen by more Indonesians,” Parwez said.

Mike Ellis, prexy and m.d. of MPA Asia Pacific, said the report highlighted the potential role of the Indonesian film and TV industry as an economic driver.

“Studies such as this are an important stepping stone to the development of a flourishing creative industry,” Ellis said.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading