Canovas, who is on his maiden visit to India to participate in the first Guwahati International Film Festival (GIFF), said the only way forward for filmmakers is to make films with better stories.
"The only way to save films, as I see, is to make products with more risks. Be brave and make the plots better. We have to make better pictures and promote them well. Good publicity is a must," Canovas told PTI here.
The filmmaker, whose debut feature film 'The Tip of The Iceberg' (La Punta del Iceberg) was screened at GIFF, said, "Hollywood producers are obsessed with attracting the younger generation and making films only for entertainment.
Canovas has not watched any Indian film yet but is looking forward to see Satyajit Ray's "Apu Trilogy".
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He said the recession in world market had severely impacted the cinema market.
"Nowadays, film funding has been corporatised. It is not easy to get finance for films, especially (the one's) with a social message," Canovas said.
Asked if he was open to collaborations with Indian filmmakers, he said, "Yes, that is an option in these times. Joint production can be a way forward in coming days."