Coin brings value of pot to $6.2 mil
The British Film Institute, which distributes lottery money to productions in the U.K., is injecting an extra £1 million ($1.6 million) into its P&A Fund, raising the pot to $6.2 million.The fund, which helps independent pics across Blighty reach wider audiences, has so far this year injected cash into the distribution and marketing of pics including “We Need to Talk About Kevin,” “Wuthering Heights” and “Troll Hunter.” Upcoming releases it’s backing include “Shame” and “Coriolanus.” The news comes as the BFI continues to develop its international strategy. Blighty’s film minister Ed Vaizey is currently in Los Angeles with BFI CEO Amanda Nevill to meet U.S. studio and independent film execs to tubthump the newly extended U.K. film tax relief, which will remain until 2015. They will also look for ways for the U.K. film industry to develop international business partnerships. Vaizey will attend BAFTA/LA’s annual Britannia Awards Wednesday at the Beverly Hilton Hotel.
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