2018 Sundance Film Festival Generated Record Revenue and Attendees
on Monday, July 23rd, 2018 at 11:31am.
The Sundance Institute which hosts the Sundance Film Festival each year recently announced the economic results of 2018 festival on Utah. This year was record breaking, generating $191.6 million in state gross domestic product, a 40 million increase from 2017, and reported attendees also increased from 71,600 last year to 124,900 this year. They estimate about 36 percent of the attendees or 45,000 people came from out of state. There were 80,0000 Utah attendees.
Sundance Film Festival helped create 3,323 jobs, and it generated $19 million in state and local taxes up from last year's 14 million. The film festival can sometimes be overwhelming for Park City residents, but the economic impact on Park City and Utah is beneficial.