Recent research from a Goldsmiths, University of London academic examining the understanding and management of risk in the film industry features in a new report from the British Film Institute (BFI).
Analysis from Dr Michael Franklin, a Postdoctoral Researcher in the Institute for Creative & Cultural Entrepreneurship forms part of a new work from the BFI’s Commission on UK Independent Film.
On July 18 the institute launched a much-anticipated report from the Commission that proposes measures to boost Independent Film.
The Commission’s report investigates the challenging landscape of UK Independent Film and draws on Dr Franklin’s research in multiple areas, including innovation and strategy.
It was chaired by Zygi Kamasa, the Lionsgate UK CEO, and its launch was supported by Margot James, Minister for the Digital and Creative Industries.
The report welcomed Dr Franklin’s recommendation that the BFI works with the Department for Digital, Culture, Media and Sport (DCMS), alongside other industry partners, to develop a better understanding of blockchain.
He suggests this could form part of a wider discussion on the transformational potential of comprehensive film data sets for business, and how over time they may lead to a much closer relationship between filmmakers and audiences/consumers.
Dr Franklin’s report also promoted the need for more strategic use of information – another of his recommendations adopted in the Commission’s report.
He said: “What is required is the development of new, coherent mechanisms for collecting, processing and disseminating industry data so that, subject to genuine considerations of commercial sensitivity, the benefits of such data become accessible to all businesses across the film value chain.”