Audiovisual heritage, including moving image and recordings, carries lessons, information and knowledge, and is an essential cultural heritage. The United Nations Educational, Scientific, and Cultural Organization (UNESCO) has constantly encouraged countries to preserve audiovisual heritage since 1980. In recent years, government agencies and film archiving organizations have increased emphasis on the issue of film preservation. Concurrently, old film restorations were executed by the Taiwan Film Institute (formerly known as Chinese Taipei Film Archive) and film industry. The purpose of this study is to investigate the impacts of film preservation and restoration through the digitalization of the Taiwanese film industry. Furthermore, explore the techniques, aesthetics, and industry ethics for film restoration. This study involves an in-depth interview with 13 professionals and scholars in the restoration field. In addition, participant observation and literature review were used for data collection on the digitalization and restoration of the film industry to understand the interrelationship between them. The conclusion from the analysis and discussion of data is as follows: 1. Digitalization of the Taiwanese film industry leads to a paradigm shift toward a significant decline of film laboratory business and reconstruction of new filmmaking aesthetics and a competitive environment. 2. Digital restoration would be an active pathway to prolong the life expectancy of audiovisual heritage, and also to be an opportunity for film re-creation, but not the ultimate solution for film preservation. 3. Film restoration needs the professional ethics as the basis to deal with an ensemble of technology and aesthetic.