Producer takes helm as budget slashed 31%
the sector. As a jobbing producer, “Enrich won’t need to adapt to the sector as is the case with politicians,” said producer Manuel Monzon. “This is a bet on pragmatism, action and experience,” added David Matamoros, at Zentropa Intl. Spain. Enrich takes over during a desperate period for much of Catalonia’s film biz. Once admired for its financial muscle and sophisticated, multiple funding lines, the ICEC saw its film and TV investment budget slashed 31% to Euros8.2 ($10.9 million) last year. Catalonia’s TVC maintains the most significant movie and fiction drama investment of any regional pubcaster in Spain. But TVC coin for fiction films, toons and docus dropped 13% in 2012 to $14.6 million. Enrich’s biggest challenge will be to clarify for the industry what money ICEC can bring to the table this year. Her biggest problem is beyond her control: Uncertainty about the future of central government subsidies, because of which banks will no longer cash-flow productions against the promise of future subsidy payments, said Miguel Angel Faura. In this context, international pre-sales and commercial broadcasters Mediaset Espana, which backed “The Impossible,” and Antena 3 Group, which backed “Mama,” have emerged as the most reliable sources of movie funding in crisis-struck Spain.
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