Film festivals are not only popular, they can also prove very profitable for the cities and states that host them. Take the Sundance Film Festival, for example. According to a study conducted by the University of Utah, this year’s festival generated $83.4 million in economic impact for the state of Utah; supported 1,350 jobs; generated $40.6 million in wages, salaries and employer-paid benefits, and produced $7 million in state and local tax revenue. The report found that over the past five years, the festival has generated a whopping $391 million in economic impact for the state, created 7,300 jobs, and generated more than $32.5 million in state and local tax revenue.
“As Utah’s largest annual international event, the Sundance Film Festival provides a significant boost to our economy and has become an undeniable showcase for the state’s stunning landscape and business-friendly climate,” said Gov. Gary R. Herbert.
Festival attendees spent nearly $62.2 million in the...
“As Utah’s largest annual international event, the Sundance Film Festival provides a significant boost to our economy and has become an undeniable showcase for the state’s stunning landscape and business-friendly climate,” said Gov. Gary R. Herbert.
Festival attendees spent nearly $62.2 million in the...
- 5/15/2015
- by David Robb
- Deadline Film + TV
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