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A unique combination of players from the investment and film industry gathered for the pre-event of Akatara Indonesian Film Financing Forum 2017 on 27 October at Holiday Inn Kemayoran. Akatara will be the first ever national film pitching forum with a mission to trigger and encourage more capital to be invested into Indonesia’s untapped film industry market. The forum wishes to connect creative ideas of filmmakers with sources of capital so to give more opportunities for creative film practitioners to contribute to the nation’s economy.
About the pre-event
The pre-event was held by The Creative Economy Agency Indonesia, supported by Ideosource and Amvesindo representing capital providers. Consisted of 2 panel sessions, it covered the current landscape of film industry in Indonesia, opinions from experts coming from local and global backgrounds, challenges and opportunities that lie ahead, as well as the potential of investment fund specifically targeted for the film industry.
The first session featuring government representatives focused on the importance of developing intellectual property (IP) as the building blocks of creative economy. However, the intangibility of it made IP financing slightly harder than financing products/services. Despite the limitation, the film industry is looking at a brighter future with growing numbers of screens, cinemas, bigger appetites of local films from different regions, as well as a developing supporting ecosystem. Along with this, the Indonesian government has made several efforts to welcome the Indonesian golden age of cinema by opening up foreign investments, as well as supporting local filmmakers to showcase their works in International film festivals such as Busan film festival.
The second session welcomed industry players -producers, media investors, filmmakers, and VC- as they discussed in further details the trends, patterns, potential, and investment readiness of the industry. With a positive note, speakers shared their hopeful message that Indonesian film industry indeed is growing rapidly and showing a very promising future with a plethora of local stories waiting to be realized on the big screen. Emphasis was made that South-East Asian countries should work together, and equally co-invest with other foreign countries in producing films. Government incentives, private industry funds, as well as a global mindset are needed to kickstart the whole industry to a new level. Andy S Boediman, as the managing partner of Ideasource, and founder of IDS, a filmmaking academy stressed that issues such as marketing, distribution, and financing should not be looked at separately as they need to be solved all at once.
In overall, the forum had signaled that it may be the right timing to look at our own local film industry as a deal that brings an attractive financial return and a pride on supporting local creativity. As a company engaged in investment, ANGIN will surely keep an eye on this potentially rising industry, looking out for many more exciting discussions and events surrounding the topics.