BERLIN — TV productions in the Berlin-Brandenburg region are receiving a helping hand from local banks after an agreement with the Medienboard Berlin-Brandenburg subsidy org for a E10 million ($12.7 million) gap-financing scheme.
Producers with a TV deal who’re based in Berlin or Brandenburg or shooting in the region are able to borrow a minimum of $127,500 from the joint pool, set up by the Investitions Bank Berlin and the Investitions Bank des Landes Brandenburg.
Credit plan, announced Friday, is available for TV movies, docs, series and formats, and it supplements the Medienboard’s $20 million in annual subsidies.
Medienboard co-topper Kirsten Niehuus said the financing initiative would provide a quick and efficient solution for production companies in need of bridge financing in order to complete TV productions.
“This pilot project is a further important step in the improvement of local production conditions and ensures the strength and production diversity of Berlin and Brandenburg,” added fellow Medienboard member Petra Mueller.