City officials say more than $100 million is spent by fans attending the annual two-week event in late summer.

Rather than present a full evening by each troupe during the two-week event, the festival will give two shared programs.

This year the two-week event offered 133 films from 40 countries and was attended by 63,000 people.

Such a development, the Mayor said yesterday, would cost the city economy more than $100 million in revenues from the two-week event.

During its history, the two-week event has featured around 200 groups from approximately 100 countries.

More than 200 films from all over the world are shown at this two-week event.

But he will cast a long shadow over the two-week event.

The school also runs educational events such as, in 2012, a two-week event focusing on "science, technology and mathematics".

In 1990, the two-week event drew more than 500,000 people, he said, but ended with a deficit of nearly $300,000.

She added, "You don't make a four-year decision based on a two-week event."