Spain's debt-crunched government committed Tuesday to honor subsidies for local films, hitting back at mounting industry fears that the public film funding system is on the verge of collapse.
Sectors of the biz are showing strong resilience despite the bad times
TOKYO -- Japan's film industry org UniJapan has announced a certificate program giving international co-productions access to up to $640,000 of government coin.
Domestic Film DAILY
PROVIDED BY: Box Office
No Good Deed
No Good Deed1Daily:$1.8M Cumulative:$27.7M Sony / Screen Gems 13.13%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$778,903 Cumulative:$307.3M Disney 34.56%
Dolphin Tale 2
Dolphin Tale 23Daily:$703,203 Cumulative:$17.1M Warner Brothers 34.59%
The European Union has drafted film funding rules which, if approved, will cut coin for Hollywood productions shooting in Europe and create potential impediments for all co-productions in its member…
Germany's generous film subsidy programs have made the country a favorite co-production destination for international producers.
With state film subsidies being scaled back in Spain, tax breaks look like a keystone of a future, more market-driven, film financing system.
MADRID -- Struggling to rein in its fiscal deficit, Spain's government announced Tuesday it will slash the 2012 budget of its central Film Protection Fund by 36% to €49 million ($63.7 million).
BRUSSELS -- The European Commission has proposed caps on how much public subsidy money can be used to tempt foreign film production to the region.
Despite a fast-falling greenback, Germany is still attracting its share of major U.S. productions. While there's ample financing available to producers from the country's generous film subsidies…
European regulators are looking into claims that German pubcasters ARD and ZDF illegally used public funds for commercial activities.