THE ECONOMIC CONTRIBUTION OF THE ARTS AND CULTURE
The MPAA and the Copyright Alliance hosted a briefing Monday with the National Endowment of the Arts (NEA) on the new Arts and Cultural Production Satellite Account (ACPSA), a joint federal effort with the U.S. Bureau of Economic Analysis (BEA). Back in December 2013, the agencies released a report that detailed for the first time the economic contribution of the arts and culture industry to the GDP. The findings were significant and showed that the arts and culture production account for 3.2% –or $504 billion—of GDP in 2011. Yesterday’s event delved further into how those numbers are calculated and exactly what they do, and don’t, include.
Sunil Iyengar, Director of the NEA Office of Research and Analysis, was on hand to help us interpret the data, and explain the methodology used to quantify the impact of arts and culture on the GDP. Most notable, at least to those of us in the film and television industry, is that the arts and culture sector is a larger contributor to our economy than transportation, agriculture or tourism, among others. Broken down even farther, the data showed that the copyright-intensive industries of the arts and culture segment alone account for 2% of the GDP.
On the NEA’s website, you will find a white paper that breaks down this sometimes complicated, but important, data. While the GDP captures the final value of the goods and services produced in the United States, ACPSA explains and graphically depicts the contribution to the GDP by commodity type. For example, the motion picture and video merchandise and services industry represents a staggering $82.2 billion of the $504 billion total contribution of arts and culture industries to the GDP. Later this year, NEA expects to release another set of data to include investment from “artistic originals,” as they can continue to earn revenue for decades after production and previously have not been captured in the total GDP. We look forward to seeing more of the government’s assessment of film and television’s contribution to the American economy.
Motion Picture Association of America – http://www.mpaa.org/the-economic-contribution-of-the-arts-and-culture/
The Economic Contribution of Arts and Culture – A CFCP Online Debate
All this week The Centre For Creative Practices are holding an online a discussion / debate about the economic contribution of arts and culture.
The week will include: webinars, blog posts, Twitter Feeds, group discussion and videos on how economic strategists, arts professionals, artists and arts organisations see this economic contribution. Is it sustainable? is it relevant or should we be concentrating of creativity and engagement more than economic contribution?
Get involved, use the hashtag #artseconomyire on Twitter or Facebook and lets get this discussion out there. It’s one we need to have and this is your chance to get involved.
Follow the debate online by clicking here >>
About Platform 1 from CFCP
As part of our artistic entrepreneurship programme we have introduced Platform 1, where each day we will post a snippet of information that we think might be of interest to you and to us.
Please feel free to comment, share, post your own suggestions or snippets as together we can build a repository of information that can benefit everyone on the journey.
Why Platform 1, well every journey has to start somewhere and every station has a platform 1, our departure point.
For more hints & tips see: http://cfcp.ie/platform-1/