Applications for funding soar by 30%, especially from India.
HONG KONG – The Busan Festival’s Asian Cinema Fund is to give $205,000 to some 22 movie projects at various stages of development. A further seven movie projects will receive post-production support in kind.
The grants are the latest round of funding provided by the Korean festival for script development, post production and documentary filmmaking as part of its global program for development and promotion of Asian films.
The eight projects, each receiving $10,000 as a cash grant, include the latest works by Asian auteurs Cambodia’s Davy Chou (“Golden Slumbers”) with his new “Diamond Island”; Malaysia’s Tan Chui Mui (“Year Without Summer”) with his upcoming “One Of Us”; and South Korea’s O Muel (“Jiseul’) with “Haenyeo.” Korean studio Showbox/Mediaplex is also supporting the development finance award for Philippines director Carlos Manatad’s “A Wrong Season.”
The festival received 565 applications for funding, a 30% increase on last year. Aside from South Korea, the largest numbers originated from India, with 161 applications, and China with 50.
The Busan festival will run Oct. 2-11 with its market running Oct. 5-8 and the project market running Oct. 6-8.