영화산업의 자산유동화 필요성 연구 : 강소제작사 육성의 정책 대안 제시를 중심으로

Abstract

The Korean film industry has grown into the world's sixth largest market. The World Film Festival recognizes the quality of Korean films, and global platforms are creating high economic profits through Korean films. This is probably the reason why the entire world, beyond Korea, appreciates the copyrights of Korean films. Since the late 1990s, the government has invested large-scale policy funds for the purpose of promoting and revitalizing the content industry. The government's efforts in the background of the growth of Korean films cannot be denied. However, many researchers point out the market monopoly of some distributors as a problem for the film industry. In addition, they emphasize the change of the environment so as to escape from the miniaturization of production companies. Despite various efforts in the past, the downsizing of production companies has not yet been resolved. In this study, as the causes of these problems, the limitations of film production financing, the agency problem of investors, the refusal to accept loans, the limitations of producer incentives, and changes in the content and investment environment were suggested. In addition, in this study, the possibility of asset securitization of intellectual property rights such as movies was confirmed, and a prerequisite for this was presented. First, the government needs to enact a special law on content asset securitization. In situations in which conflicts of interest among various stakeholders arise, the government should propose solutions through special laws. In addition, asset securitization through the tentative name ‘foundation’ should be implemented. Finally, there should be an effort to improve the credibility of content valuation. The film industry in the post-corona era needs continuous growth. For this, it is necessary to secure funds for small producers to stably produce movies. Resources through the fund are limited. Existing investment/loan can be detrimental to the contracted producers. The film industry officials and the government should be more interested in the introduction of the asset securitization system and haveten the introduction. In addition, it is judged that more research on asset securitization in the film industry is needed.