According to The Hollywood Reporter, the festival's founder wants organisers to get in touch with the event's early years.
"We're going back to our roots," said the actor. "I felt we were sliding and we needed to get fresh again."
New initiatives such as the NEXT section for super-low-budget American films and a simultaneous eight-film, eight-city mini-festival are reportedly meant to help management rewiden the gap between the pictures they select and the vagaries of the more commercial, money-driven movie market.
Redford also said that he sees the future of film distribution in the internet with services such as On Demand Viewing cutting mushrooming costs and reinvesting in the documentary genre.
"Where are people going to get the truth?" he asked. "Film can play a role in social change and in the future, the public will start looking more to documentaries."