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These are the slides from Kelley's presentation on the "Financing Creative Industries in Developing Countries" reading.
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Stuart Cunningham, Mark David Ryan, Michael Keane and Diego Ordonez
Potential of:◦ New wealth creation; cultivation of local talent;
creation of creative capital; new export markets Acts as a multiplier of effects throughout
the broader and global economy
Barriers to Financing Creative Industries
Developing countries typically have a pressing need to give any financial aid to education, poverty & infrastructure before it is given to creative industries
Weak institutional & political support Low levels of entrepreneurial capability Dependency on foreign firms & investment Inefficient or non-existent copyright regimes
China Latin America
Unmanageable regulatory system◦ Many licenses are needed
in order to operate Bureaucratization works
against implementation of long-term business models
Dependency on relationship maintenance
High Copyright & Rights management costs for Start-ups
Lack of naturally skilled local talent
Dominance of the music ‘majors’◦ EMI, BMG, Warner Music
Group, Sony Music Entertainment, Universal/PolyGram
Talent is “poached” Over-emphasis on
regulatory & tax incentives for firms
China Latin America
Barrier Film TV Audio-Visual
Publishing
Performing Arts
Start-up capital
x x
Working capital
x x x x
Lack of bus. expansion capital
x x x
Distribution barriers
x x x
Intellectual property regime
x x x x
Piracy xInstitutional support framework
x x
Barriers Music FilmStart-up capital x
Working capital x x
Lack of bus. expansion capital
x x
Distribution barriers x x
Piracy x x
Institutional support framework
x x
Indigenous Australia
A developed country with many correlations of a developing country
Quality & unique creative industries is contingent upon having a large consumer market available◦ Test and feedback
Creative Industries is the least recognized innovative sector in Australia
China Latin America
All China Sports Federation◦ For development of
e-sports◦ National investment
in video games
Established live music practice
Local & national broadcasting system
Domestic recording industry
Access to international markets
Visual Arts One of
Australia’s most significant exports ever
Indigenous Australia
1. Out of the 3 countries, who’s creative industries do you feel impacts the US & the rest of the world most?
2. Which makes least impact globally?
3. Which barrier do you feel is universal around the world? Why?