Crowdfunding via digital platforms, is patronage in the 21st century an alternative for the Ecuadorian cinema?

Golán, Mónica López; Vaca-Tapia, Ana Cecilia; Pedreira, Julia Fontenla

doi:10.1109/cisti.2016.7521602

Cited by 2 publications

(1 citation statement)

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“…For the film industry, crowdfunding has become a popular form of financing involving the patronage of fans located anywhere in the world. Fans are willing to support such projects ever since the creation of the first specialised platforms [7,[26][27][28][29][30][31]. Some authors even argue that new forms of funding the film industry have an even higher impact-they have consequences of the industry, on the kinds of films produced, on the topics explored and on the way they are produced [32].…”

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Filmmaking and Crowdfunding: A Right Match?

Fanea-Ivanovici

2019

Sustainability

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Broadly defined, culture is deemed the fourth pillar of sustainable development and increasing attention is currently being paid to how it can access all potential financial resources. In Europe, film production benefits from public financial support; however, film projects require large amounts of money to be completed and this support may prove insufficient in comparison with the actual need. This raises the question of identifying alternative financial resources that filmmakers could benefit from. Crowdfunding has recently emerged as a funding option for all the creative-cultural industries in general and for film production in particular. However, Romania’s capacity to use this alternative financial source is one of the lowest in Europe. In this context, the aim of the article is to study Romanian filmmakers’ attitudes towards crowdfunding and its perceived suitability for financing film projects. The research method consists in a survey based on self-administered questionnaires and semi-structured interviews with Romanian film producers. Although the largest majority of film producers have not used crowdfunding due to lack of awareness or scepticism, the paper discusses, based on experts’ opinion, how this method can become a viable source of finance for the film industry.

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