Mexico ups film funding

MEXICO CITY — The Mexican government will more than triple the funding for the production of quality films via a just-created trust.

President Ernesto Zedillo said Tuesday that the federal government will increase its financial support of the Fund for Quality Film Production by 100 million pesos ($12.5 million). He had just announced on Dec. 3 its creation with seed money of just 35 million pesos (about $4.3 million).

That money alone was expected to help double production levels here to 15 to 20 films, after Mexican film productions hit a 60-year low in 1997.

The fund will be operated by the Mexican Film Institute (Imcine) as a separate entity. It will offer grants and loans, and will seek to promote public-private partnerships in financing pix.

More Scene

  • Palm Springs Where to eat Drink

    Palm Springs Hotter Than Ever: Places to Eat, Drink, Stay

    MEXICO CITY — The Mexican government will more than triple the funding for the production of quality films via a just-created trust. President Ernesto Zedillo said Tuesday that the federal government will increase its financial support of the Fund for Quality Film Production by 100 million pesos ($12.5 million). He had just announced on Dec. […]

  • 2017 Ripple of Hope Awards

    Why Alfre Woodard Thinks 'Everybody Gets Left Out' of Film Awards Race

    MEXICO CITY — The Mexican government will more than triple the funding for the production of quality films via a just-created trust. President Ernesto Zedillo said Tuesday that the federal government will increase its financial support of the Fund for Quality Film Production by 100 million pesos ($12.5 million). He had just announced on Dec. […]

  • 'Father Figures' film premiere

    'Father Figures' Premiere Raises Funds for Southern California Wildfire Victims

    MEXICO CITY — The Mexican government will more than triple the funding for the production of quality films via a just-created trust. President Ernesto Zedillo said Tuesday that the federal government will increase its financial support of the Fund for Quality Film Production by 100 million pesos ($12.5 million). He had just announced on Dec. […]

  • 'Grown-ish' TV show premiere

    A Meme Inspired 'Black-ish' Spinoff 'Grown-ish,' Creator Kenya Barris Says

    MEXICO CITY — The Mexican government will more than triple the funding for the production of quality films via a just-created trust. President Ernesto Zedillo said Tuesday that the federal government will increase its financial support of the Fund for Quality Film Production by 100 million pesos ($12.5 million). He had just announced on Dec. […]

  • 'Bright' film premiere

    Will Smith Discusses 'Bright's' Racial, Social, Allegorical Undertones

    MEXICO CITY — The Mexican government will more than triple the funding for the production of quality films via a just-created trust. President Ernesto Zedillo said Tuesday that the federal government will increase its financial support of the Fund for Quality Film Production by 100 million pesos ($12.5 million). He had just announced on Dec. […]

More From Our Brands

Access exclusive content