Battling Latin American Producers Sketch Out Roadmap Despite Huge Market, Political Volatility
variety.comJohn Hopewell Chief International Correspondent FIPCA, Ibero America’s huge producers’ federation, is looking to power up the region’s knowledge economy and co-production as two longterm answers to huge volatility in its member states film-TV sectors.
That drive cuts several ways, FIPCA president Ignacio Rey told Variety in the run-up to Sanfic Industria, one of South America’s biggest industry events.
High-end Netflix, Amazon and other streamer originals, imply new ways of producing: “We’re lacking sufficient labor force capacity for a certain scale of productions,” Rey argued.
Challenges abound. In 2022, only movies from Spain, Dominican Republic and Argentina punched home theatrical market shares of over 5%, running up 22.4%, 14.0% and 8.1% shares respectively, according to the Cannes Marché du Film’s Focus 2023 report.
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