A Strategic Plan for the Film Industry of Trinidad and Tobago

Presentation to StakeholdersPort of Spain, 10th July 2017

1. Introduction2. The Requirements of the Study3. SPI’s Approach4. Next Steps

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About Olsberg•SPI

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• Formed in 1992, Olsberg•SPI is UK-based creative industries strategy consultancy that specialises in film, television and digital media

• SPI undertakes advisory work for global screen sector clients, including:• Strategy and policy development• Creating and implementing fiscal incentives• Measuring the economic and cultural impacts generated by healthy screen

sectors• Assessing the value of screen tourism created by film and television

productions• International cost comparisons for film and television productions• Analysing workforce skills and development• Business development for content companies and studio facilities

• The firm’s expertise is underpinned by practical experience

Global Client Base• SPI’s clients range from multi-national public authorities and national

governments to film institutes and screen agencies, studios and facilities companies, and independent companies at all points of the screen business value chain

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1. Introduction2. The Requirements of the Study3. SPI’s Approach4. Next Steps

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Developing a Strategic Plan for Trinidad and Tobago

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• SPI commissioned by FilmTT to create a strategic plan with several key aims

Assess the current state of the film and audiovisual sector

Propose measurable actions to develop a viable, profitable and sustainable film and audiovisual industry over the next 5 years

Project the future state of the industry for a further 5-10 years

Identify and leverage the potential that exists in the sector

Consider how the local industry should be positioned in the context of the international film and audiovisual industry

Project Focus and Deliverables

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• The strategic plan will focus on domestic and international production in Trinidad and Tobago

• Both are crucial for a holistic strategy

• A stakeholder database will be created to map the current industry to enable data-driven insight and provide a benchmark against which results can be assessed in the future

• Strategy will result in an implementation plan, outlining timescales, estimated budget, investment strategy and responsibilities

• Key performance indicators will be identified

• Public benefits will also be outlined

• The project started in June and will take six months

Features, television, animation,

commercials

Inward international

projects

Domestic industry

The Benefits of a Healthy Screen Sector

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• The strategy will also clearly outline the suite of benefits that an increase in screen activity could create for Trinidad and Tobago

• GDP growth, job creation and skills development • Investment in facilities and infrastructure• IP creation, export earnings and foreign currency• Inward investment• Tourism and soft power; brand promotion and

trade• Driver of the wider creative industries economy

Economic benefits

• Original, extended and wider impacts• Enhancing media literacy• Educational benefits• Creativity and innovation• Providing a historical record• Developing talent

Cultural benefits

1. Introduction2. The Requirements of the Study3. SPI’s Approach4. Next Steps

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Project Methodology

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Inception Meeting

Data gathering / desk research –over 50 documents reviewed to date

Confidential consultations across the sector,government and related agencies

In-country visits

Assembly and analysis of findings

Draft strategic plan

Further research and interviews

Final report

1. Introduction2. The Requirements of the Study3. SPI’s Approach 4. Next Steps

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Next steps

Desk research ongoing throughout the project

Continued consultations in Trinidad and Tobago this week

Two further consultation visits to take place

SPI will be contacting all attendees to obtain data for the stakeholder database. This is vital

Completion of strategic plan for delivery in November

Thank you leon@o-spi.com