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Funding fundamentals

ICIC, ICF, CCRTV aid pix in Catalonia

State film aid in Catalonia rests on three pillars: the Catalan Institute of Cultural Industries (ICIC), the Catalan Finance Institute (ICF) and the Catalan Broadcasting Corp. (CCRTV), which owns TVC.

“Our aim is to further the production of quality product and the internationalization of films. We’re also going to push for companies to spend more on promotion and publicity,” says Xavier Parache, ICIC audiovisual area manager.

ICIC’s film and TV investment in 2004 runs to around $14 million. Major financing lines include project development ($389,610), the production of features by new directors and films of cultural or artistic merit ($1.4 million), feature film distribution ($2.6 million) and the production of TV films ($3.3 million).

Per an agreement between Catalan producer associations and the CCRTV, the pubcaster takes broadcast rights to feature films, paying according to their budgets: For example, it will pay $103,896 for films costing $1.3 million to $1.95 million.

From 2002-’05, total CCRTV financing for TV films, animation series and docu co-productions is $54.9 million.

The ICF, a public bank, extends credit lines to the tune of $194.8 million over 2002-’05, financing features, TV films, animated TV series, documentaries and short films.

Launched in October 2003, capital risk funds Invermedia and Spinnaker Media are backed by the Catalan government via the ICF. They take equity stakes in audiovisual companies aiming to strengthen the film and TV industry’s financial backbone, looking toward the creation of quality products that can be exported abroad.

Invermedia has startup capital of $13 million, while Spinnaker Media has $28.6 million to play with.

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