It aims to encourage the production of quality films and to conduct film-related events that enhance the skills of the Filipino talents.

770 signed on January 29, 1982, by President Ferdinand E. Marcos, ECP created to promote the growth and development of the local film industry.

1051 signed on August 8, 1985, by President Ferdinand E. Marcos, which became functional on October 2, 1985, after it was registered with the Securities and Exchange Commission.

The creation of the FDCP is pursuant to the constitutional guarantee on freedom of expression by which the State, as a policy, recognizes the need to promote and support the development and growth of the local film industry as a medium for the upliftment of aesthetic, cultural and social values for the better understanding and appreciation of the Filipino identity.

[5] In 2020, the FDCP launched its streaming platform called the FDCP Channel initially to host the online edition of its film festival Pista ng Pelikulang Pilipino;[6][7] by November 11, 2022, the platform was relaunched as JuanFlix to cater to cinephiles with its content being short films and local and foreign full-length features.

Beginning 2021, The FDCP had started to acquire Philippine release rights to a handful of foreign-language films such as Portrait of a Lady on Fire and The Worst Person in the World.