×
You will be redirected back to your article in seconds

Features eligible for Teutonic coin

Fund announcement comes with mixed news

BERLIN — While the German government is digging deep into its pockets to fund local film production to the tune of an extra $231 million over the next three years, the small print is still to be announced.

Culture Minister Bernd Naumann gave delegates good and bad news, speaking at the Medienboard Berlin-Brandenburg’s annual confab on Wednesday.

Under good: It’s real money — not a tax rebate, a writeoff or sale-and-leaseback scheme but cash that could finance up to 20% of a film’s budget. Foreign producers can apply so long as they have a local partner.

Under bad: TV movies are excluded; only theatrical features are eligible.

All other details are still under discussion, won’t be unveiled until sometime in September and are subject to EU approval.

Those taking part in the ensuing panel discussion generally gave the news a warm welcome.

Georgia Tornow, topper of producers org Film20, was “very grateful something is happening at last. It’s a chance for Germany to be competitive again with other countries.”

X-Filme topper Stefan Arndt, while also looking forward to becoming more international, cautioned that broadcasters would most likely cut their co-production contributions by the 20% they expect films to get from the government.

Studio Babelsberg head Cark Woebcken said he would “have preferred a legislative solution, something tax-related like in the U.K. and Hungary to create a medium- or long-term solution.”

Peter Dinges, head of government subsidy body the FFA, said with films eligible for up to a 50% subsidy (20% from the new scheme, 30% from other public sources), “There will be a need for quality criteria after the first 20%.” He forecast changes in the way the FFA works.

Hubertus Meyer-Burckhardt, CEO of Polyphon Film, reminded delegates that cinema is only one outlet and, by implication, of the scheme’s limitation.

Eberhard Junkersdorf, CEO of Neue Bioskop Film, asked: “What in this context is a theatrical film anyway? When does a film become one?”

Running this year from Aug. 30-Sept. 9, the Berlin Brandenburg Media Week sees more than 10,000 delegates converging on the German capital for a raft of seminars covering everything from future trends to mobile TV, radio and videogames. Event runs parallel to the Intl. Consumer Electronics Exhibition.

More Film

  • Aladdin

    Box Office: 'Aladdin' Flies to $7 Million on Thursday Night

    Disney’s live-action “Aladdin” flew to $7 million during Thursday night previews in North America. That’s well above the $5.7 million that “Pokemon Detective Pikachu” earned two weeks ago on its way to a $54 million three-day opening. Disney’s “Pirates of the Caribbean: Dead Men Tell No Tales” took in $5.5 million in previews on the [...]

  • Cannes The Square Winner

    SF Studios Acquires Nordic Rights to Ruben Östlund’s 'Triangle of Sadness'

    SF Studios has acquired the Nordic distribution rights to Ruben Östlund’s “Triangle of Sadness,” the Swedish filmmaker’s follow up to the Palme d’Or winning “The Swquare.” A contemporary satire taking place in the world of fashion, “Triangle of Sadness” is set on a luxury yacht and ends up on a deserted island where hierarchies are [...]

  • Indian Prime Minister Narendra Modi displays

    Narendra Modi Wins New Mandate in Indian Election and Divides the Film Industry

    India has returned the Narendra Modi-led National Democratic Alliance coalition to power for a second term, with a huge mandate. In doing so, it polarized the film industry. The NDA won 351 seats out of a total of 542. The biggest democratic exercise in the world, more than 600 million Indians voted across six weeks. [...]

  • Director Dean DeBlois and online game

    'Dragon' Director Dean DeBlois and PUBG's CH Kim to Keynote 2019 VIEW Conference

    Dean DeBlois, director and executive producer of DreamWorks Animation’s “How to Train Your Dragon: The Hidden World,” and PUBG Corporation CEO CH Kim are the first keynote speakers announced for the 2019 VIEW Conference in Turin, Italy, in October. Since it began 12 years ago, VIEW, which stands for Virtual Interactive Emerging World, has continually [...]

  • 'The Cordillera of Dreams' Review: Poetic

    Cannes Film Review: 'The Cordillera of Dreams'

    Rounding out his sublimely meditative, deeply personal documentary-essay trilogy on time, memory and the relationship of Chile’s breathtaking landscapes to its troubled human history, Patricio Guzmán delivers “The Cordillera of Dreams,” a haunting and allusive exploration of the cultural impact of the country’s most spectacular geological feature: its snowcapped mountain spine. Coming after the exploration [...]

  • Ari Emanuel Endeavor

    Endeavor IPO Filing Offers Details of Company's Financials, Leadership Pay Packages

    Endeavor’s IPO filing Thursday offers a hard look at the company’s financial performance during the past three years during a period of rapid growth for the company that’s home to UFC, WME, Professional Bull Riders and a clutch of other assets. Endeavor is generating solid free cash flow from operations and healthy adjusted earnings for [...]

  • Inside amfAR's Cannes Gala

    Inside amfAR's Cannes Gala: Mariah Carey, Kendall Jenner and Tiffany Trump

    Kendall Jenner caused a commotion when she arrived. Tiffany Trump went unrecognized until a member of the press pointed her out as she made her way down the carpet. And Mariah Carey flew in to perform a couple of songs. Welcome to this year’s AmfAR Gala Cannes, the AIDS organization’s annual — and largest — [...]

More From Our Brands

Access exclusive content