IFTA Praises New U.S. Government Report Showing Intellectual Property-intensive Industries Contribution to the U.S. Economy

LOS ANGELES, CA
Wednesday, April 11, 2012

The Independent Film & Television Alliance (IFTA) praised the U.S. Department of Commerce report Intellectual Property and the U.S. Economy: Industries in Focus” released today.  The report was prepared by the Economics and Statistics Administration and the United States Patent and Trademark Office.
Jean Prewitt, President & CEO of IFTA, commented, “This report further confirms the importance of the IP industries to the growth of the U.S. economy and its job base and establishes a clear methodology for the future.  The motion picture industry is a significant component of that economic story and the Independents, who are responsible for more than 75% of the films produced each year in the U.S., help drive those results. We applaud the Administration for the attention and resources it has dedicated to this careful analysis of the importance of the intellectual property based industries to our country and for its commitment to fostering the conditions and legal protections needed for their further development.”

About The Independent Film & Television Alliance

The Independent Film & Television Alliance (IFTA) is the global trade association of the independent motion picture and television programming industry.  Headquartered in Los Angeles, the organization represents and provides significant entertainment industry services to more than 150 member companies from 23 countries, consisting of independent production and distribution companies, sales agents, television companies, studio-affiliated companies, and financial institutions engaged in content finance.
Collectively, the Independent Film & Television Alliance’s members produce more than 400 independent films and countless hours of television programming each year and generate more than $4 billion in distribution revenues annually.  The organization’s premiere event, the American Film Market, held in conjunction with AFI FEST, takes place every year in November in Santa Monica.
As the voice and advocate for the independent film and television industry worldwide, the Alliance speaks out on matters of critical importance and, where appropriate, actively lobbies governments around the world in regard to measures directly affecting the independent industry.  For more information on IFTA and the American Film Market, please visit www.ifta-online.org.