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AFM Hits Town
By Ed Moosbrugger
Feb. 11 -- A major
film industry trade show that pumps millions of dollars into Santa Monica's
economy will be back in town this month for the 13th consecutive year.
But whether the city will continue to host the American Film Market, which
draws about 7,000 people from some 70 countries, remains unanswered.
Billed as the world's largest motion picture market, the AFM, which will
run February 19 to 26, converts the Loews Santa Monica Beach Hotel into
an international marketplace for the independent film industry.
AFM uses Santa Monica's movie theaters for hundreds of world premieres
for the industry. Early returns indicate that AFM attendance this year
will be about the same as in 2002.
"This year seems to be running even with last year," said Jonathan
Wolf, managing director of the AFM and executive vice president of AFMA,
the trade group that puts on the event.
AFM brings a lot of business for Santa Monica, with much of the action
centered Downtown.
"Millions of dollars are spent in our local economy during the eight-day
event," said Misti Kerns, Executive Director of the Santa Monica
Convention & Visitors Bureau. "The AFM room block is nearly 12,000
hotel rooms and ensures an estimated $250,000 to $300,000 in TOT (transient
occupancy tax) to the City general fund."
The AFM will return to Santa Monica in 2004, but has not yet decided if
it will continue to use the beach town as its home. AFM hopes to extend
its run in Santa Monica and will hold serious discussions in the spring,
Wolf said.
"We would like to be in Santa Monica, because it has been a good
home for us," he said.
Much will depend on AFM's relationship with the hotels in Santa Monica.
Hotels are a big expense for many AFM delegates, and a variety of things
have driven up hotel rates in Santa Monica over the years, Wolf said.
"The one issue constantly raised by attendees is the cost of hotels
in Santa Monica," he said. On the plus side, Santa Monica hotels
get good marks on quality of stay.
A majority of hotels kept 2002 rates for AFM the same this year and some
lowered rates a bit, Wolf said. "We need to make sure that spirit
remains," he said.
At the convention bureau, Kerns said "we remain very optimistic"
about AFM staying in Santa Monica beyond 2004.
AFM officials like the fact that most of the movie screens they utilize
are within one and two blocks of each other Downtown, which makes it convenient
for people attending the screenings.
"From our standpoint, Santa Monica is perfect," Wolf said. The
movie theaters are well managed and suitable for AFM. And although some
consultants question whether Santa Monica's theaters need to be modernized,
issues such as stadium seating aren't important to AFM.
The average AFM screening probably draws no more than 60 people, so everyone
can have an aisle seat if they want, Wolf noted.
"If we have a preference, it would be more screens," Wolf said.
"If there were about four more screens in the Promenade area, that
would be grand."
Although attendance at most AFM
screenings is limited to acquisition executives, showings of about 50 independent
films (called AFM Premiere Screenings), are open free of charge to entertainment
industry professionals, film school students and people who live or work
in Santa Monica.
For more information on the AFM, go to www.americanfilmmarket.com.
Meanwhile, businesses can take steps to capture customers from the thousands
of AFM delegates. For instance, some businesses offer incentives, such as
discounts, to AFM attendees.
The convention bureau distributes welcome placards and other materials.
Kerns urges businesses to thank AFM delegates, who usually wear badges,
for visiting Santa Monica and invite them into their stores and restaurants. |