Core Insights - The 27th Shanghai International Film Festival (SIFF) successfully showcased the vibrancy of the film industry, celebrating 120 years of Chinese cinema and 130 years of world cinema [1][2] Group 1: Festival Highlights - The SIFF is recognized as China's only International A-Class film festival, with the prestige of the Golden Goblet Award continuing to rise, evidenced by a record 3,900 films submitted from 119 countries and regions [2] - The main competition unit featured 12 films, all of which sold out, indicating strong interest and engagement from audiences [2] - The festival serves as a significant platform for cultural exchange, with a notable presence of Latin American films, comprising 25% of the main competition entries [2][3] Group 2: Economic Impact - The festival is estimated to generate economic benefits of approximately 4.997 billion yuan, with 29.2% of attendees traveling specifically to Shanghai for the event [6] - The average stay for attendees is around 6 days, contributing to tourism revenue of about 1.774 billion yuan [6] - The festival's official cultural products included over 60 items, with a focus on new designs, enhancing consumer engagement [6] Group 3: Audience Engagement - By June 20, the festival recorded 484,000 attendees, with 76.39% of the audience aged between 19 and 35, highlighting the festival's appeal to younger demographics [5] - The festival organized numerous audience interaction events, including masterclasses and meet-and-greets with filmmakers, fostering a vibrant community atmosphere [5] Group 4: Support for New Talent - The "6+1" newcomer support system showcased its effectiveness, with 534 valid project submissions this year, a 39% increase from the previous year [4] - The participation of 175 production, investment, and distribution companies in project discussions reflects the festival's role in nurturing new talent and projects [4]