Jakarta, October 27th 2017 – As stated by MPAA, Indonesia ranked 15th in the top 20 International Box Office market, after Spain and the Netherlands. The Indonesia Film Industry has generated over $300 Million of revenues for Hollywood.
Top 20 International Office Markets
Source: MPAA, Ideosource
Indonesian film has hit its stride with a number of local films widely received an audience acceptance and financial success, including Warkop DKI Reborn, Cek Toko Sebelah, Ada Apa Dengan Cinta 2 and recent Pengabdi Setan. In 2016 alone, from the top 15 movies, Indonesia reached its highest rating of 30 Million viewership.
Top 15 Movies between 2007-2017
Source: FilmIndonesia.or.id, Ideosource
BEKRAF (Indonesian Agency for Creative Economy) initiated Akatara – Indonesian Film Financing Forum that is going to be held on November 15th and 16th to connect local movie makers with investors.
“We realized that access to financing is one of the most crucial factors for Indonesian movie industry. We are organizing Akatara to give a chance for filmmakers and match them with investors” as stated by Fadjar Hutomo, Bekraf’s Deputy for Access to Capital.
This program encourages the Ideosource Film Fund (IFF) to take shape. It is a wise move for investors to spread the risk by backing a slate of several films, rather than betting on a single film that may flop.
“Indonesian film production mainly focus on production budget and some producers allocate less budget for the marketing. This is where movie makers will get values from our fund, as a numerous amount of budget will be dedicated to marketing, as well as production” says Andi Boediman, Managing Partner of Ideosource Venture Capital.
The investment would be done across movie industry value chain on an equity basis in each film – Investors will get value from IFF’ ownership of all available revenue rights on each project, as well as investment in the supporting ecosystem including but not limited to IP owners, channel & distribution, marketing, licensing and ticketing companies.
Indonesia Movie Industry Value Chain
Brochure is available for download – click here