Spanish film industry facing cuts

Fund incentives to be sliced 23%

SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae.

Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy announced at the San Sebastian Intl. Film Festival on Wednesday.

The government is attempting to rein in public spending, but the film fund cut is one of the biggest in the Spanish Ministry of Culture’s budget.

Campoy claimed the cuts would “kill” Spanish cinema. That seems like grandstanding. His complaints reflect a growing malaise, however, especially among more subsidy dependent art-pic producers, at financing structures for the industry.

Per Campoy, the Ministry of Culture has no evidence that the country’s broadcasters are investing 5% of their annual revenues buying European films, as they are obliged to do by law.

On a more upbeat note, Campoy announced that new film legislation should double the screen quota count for Spanish films which play for more than 17 days at a cinema.

Exhibbers are obliged to screen one day of European films for every three days of non-European (read U.S.) movies. Now every day that a Spanish pic still screens at a hardtop after its third weekend will count as two days for the screen quota.

More Film

  • Durban FilmMart Celebrates Women as Industry

    Durban FilmMart Celebrates Women as Industry Still Struggles With Transformation

    SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae. Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy […]

  • MayFair, directed by Sara Blecher

    Sara Blecher’s ‘Mayfair’ Brings Feminine Gaze to Gangster Tale

    SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae. Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy […]

  • Todd Brown, XYZ Films

    African Finance Under Spotlight at Durban FilmMart  

    SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae. Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy […]

  • Ryan Reynolds'Deadpool' panel, Comic-Con International, San

    Ryan Reynolds Wants to Explore Deadpool's Bisexuality in Future Films

    SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae. Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy […]

  • Mandatory Credit: Photo by Invision/AP/REX/Shutterstock (9243328q)From

    Jonathan Gold, Pulitzer Prize-Winning Restaurant Critic, Dies at 57

    SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae. Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy […]

  • Johnny Depp Amber Heard

    Johnny Depp, Amber Heard Appear Moments Apart at WB's Comic-Con Panel

    SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae. Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy […]

  • Patty Jenkins, Chris Pine and Gal

    'Wonder Woman 1984' Team Talks '80s Setting, Chris Pine's Resurrection

    SAN SEBASTIAN — The Spanish film industry, already suffering from slowing pay-TV coin, now faces a subsidy crunch according to the powerful producers’ lobby group Fapae. Next year’s incentives from the ICAA film institute’s Film Protection Fund will be axed 23% to the 2001 level of 31.2 million euros ($29.7 million), Fapae prexy Eduardo Campoy […]

More From Our Brands

Access exclusive content