Co-Production Meeting to be held June 12-14
Continuing their energetic push into overseas markets, Brazil’s and Galicia’s film authorities will co-host the Co-Production Meeting June 12-14.
The meeting takes place in Santiago de Compostela, the capital of Spanish region Galicia. Hosts are Ancine National Cinema Agency and the Galician Audiovisual Consortium.
The meeting will coincide with a Brazilian Cinema panorama and a music event, said Andre Sturm, director general of Brazilian film export board Cinema do Brasil, which co-organized the meet for Ancine.
In November, Ancine and Spain’s ICAA Film Institute will hold another Co-Producers Meeting in Madrid.
Cinema do Brasil and German Film are in talks to organize similar co-production meets, Sturm said at Cannes.
Once closely focused on its own market, Brazilian producers are now pushing abroad. The Co-Production Meetings can be accompanied by hard cash. Ancine and the Galician Consortium will shortly announce the two winners of $240,000 per pic to two Brazilian-Galician co-productions this year.
Cinema do Brasil covers most of producers’ costs to attend festivals such as Cannes, and provides a communal stand.
“Attending co-production meetings, producers have become far interested in and organized about tapping into the international market,” said Sturm.
And Brazil needs co-production. Introduced in December 2006, new Funcine regs significantly improved Brazilian tax incentives for film funding, offering 100% breaks.
At Cannes, Vereda Films, Investimage and the Latin American Film Co. have all announced the launch of new tax-driven film funds in Brazil. Collectively, they look to raise nearly $50 million.
Brazil’s domestic market has sagged over the last two years.
“The films financed need to recoup, so producers are looking increasingly to the international market,” Sturm said.