Film and TV director Jose Javier Reyes. (File photo from a House of Representatives live stream) MANILA, Philippines — The Philippine film industry is in a "dismal" state, as director Jose Javier Reyes put it, because a theater exhibition of movies offers producers only a low return on investment. So producers have been shifting to providing content for online streaming, Reyes said on Tuesday at the hearing of the House Special Committee on Creative Industry and Performing Arts. He had been asked by Rep. Marissa Magsino of the OFW Partylist about the state of local film production. "Dismal, as I said, dismal. If I gave you the numbers of how much was the total gross on the opening day of the two movies that opened last Wednesday, the numbers are unspeakable," Reyes said. "And therefore, the results are very discouraging if we will depend on the cinemas as the source of the ROI of the producers." Reyes, who is also a consultant for the Film Development Council of the Philippines (FDCP), added: "How many producers are very active? Well, Viva is extremely active — but basically because of their major platform, because they have their own platform. If ever there… Read full this story
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