HB04255: AN ACT REVITALIZING THE PHILIPPINE MOVIE INDUSTRY THROUGH INCREASED SCREENING TIME IN MOVIE THEATERS AND OTHER INSTITUTIONAL MEASURES, PROVIDING FUNDS THEREFOR AND FOR OTHER PURPOSES
This bill aims to revitalize the Philippine movie industry by increasing screening time for local films in movie theaters and introducing other institutional measures. Key provisions include mandating a minimum of five consecutive days of screening for MTRCB-approved local movies, dividing theater screening slots at a 40% local film to 60% foreign film ratio, equally dividing movie trailer slots, and shifting movie play dates to Fridays. The bill also mandates the creation and operation of a "Box Office-Online System and Tracker (BOOST)" by the Film Development Council of the Philippines (FDCP) to monitor box office numbers in real-time, promoting transparency for tax and regulatory purposes. Additionally, it declares September as "Philippine Movie Industry Month" and mandates an annual "Pista ng Pelikulang Pilipino" film festival.
The impact of this bill on the Filipino people is multifaceted. It seeks to foster patriotism and nationalism by encouraging the viewing of original Filipino films that reflect local social values and national identity, while also creating more job opportunities within the local film industry. By promoting local cinema and ensuring accurate data on industry performance through BOOST, the bill aims to attract potential foreign investors, ultimately contributing to the growth of the Philippine economy and cultural enrichment.