×
You will be redirected back to your article in seconds

European Parliament Approves Creative Europe Program

Creative, culture sectors to receive $1.98 billion extra over seven years

LONDON — The European Parliament has approved the European Commission’s new Creative Europe program, which will replace the MEDIA and Culture programs. It has a budget that is 9% higher than the current level — €1.46 billion ($1.98 billion) over the next seven years.

Creative Europe includes a Culture sub-program, supporting performing and visual arts, heritage and other areas, and a MEDIA sub-program, which will provide funding for the cinema and audiovisual sector.

New actions for the MEDIA sub-program include support for international co-production funds, video games and audience development, but no radical changes have been proposed. The main funding priorities continue to be training, development, TV programming, distribution, access to markets and festivals.

The program will allocate at least 56% of its budget for the MEDIA sub-program and at least 31% for the Culture sub-program. This broadly reflects the share of funding that the two areas currently receive. A maximum of 13% of the budget will be allocated to new cross-sectoral strand, including the financing facility.

The final approval for the Creative Europe program is a great relief for those in the European film and TV industries.

Amanda Nevill, CEO of the British Film Institute, said: “Creative Europe’s approval is a clear and very welcome recognition from the European Parliament of the importance of the creative industries to the wider economy and its major contribution to the growth agenda of Europe and the U.K. It is more important than ever that culture is supported and I applaud the European Union’s financial commitment over the next seven years for the cultural, creative and audiovisual sectors. I wholeheartedly agree with President Barroso’s assertion that culture is not a ‘nice to have’ but a ‘need to have’.”

Popular on Variety

More Biz

  • CBS Studios Exterior

    CBS Credit Union Manager Sentenced to 14 Years for $40 Million Fraud

    Edwin Rostohar, the longtime manager of the CBS Employees Federal Credit Union, was sentenced on Monday to 14 years in prison for embezzling $40 million. The massive fraud left the credit union insolvent. It was shuttered and taken over by the University Credit Union, which assumed the accounts of 2,800 members. Rostohar pleaded guilty in [...]

  • United Talent Agency Reveals New Logo

    UTA Unveils New Logo, Corporate Image

    UTA raised the curtain Monday on a new corporate logo. The three-dimensional image is meant to emphasize the talent agency’s focus on uniting ideas, opportunities and talent. Building signage with the new logo will go up next month at UTA’s headquarters in Beverly Hills. “Our new identity captures the multiple facets and intersections of our [...]

  • Tribune Tower

    FCC Approves Nexstar Acquisition of Tribune Media

    The FCC has voted to approve Nexstar’s $4.1 billion takeover of Tribune Media, paving the way for Nexstar to become the nation’s largest owner of television stations with more than 200 outlets serving a wide swath of the country. FCC commissioners voted 3-2 to approve the merger agreement that was reached in December. Nexstar’s pact [...]

  • Endeavor co-founder Ari Emanuel

    Endeavor Aims to Raise $620 Million With IPO

    Endeavor disclosed Monday that it expects a price between $30 and $32 per share for its initial public offering in the fall. Endeavor — the parent company of WME, UFC, IMG, Endeavor Content, Professional Bull Riders and other assets — aims to raise as much as $620 million with the sale of 19.4 million shares. [...]

  • Overall View of the Rose Bowl

    One Dead, One Injured in Rose Bowl Parking Lot Shooting

    One person was killed and another was injured Saturday night following a shooting in a Rose Bowl parking lot, the Pasadena police confirmed. According to a statement from the police department, police responded to reports of a physical altercation and shots fired at 11:22 p.m. near the area of Arroyo Boulevard and Seco Street, where [...]

  • Felicity Huffman

    Felicity Huffman Issues Apology After Receiving Prison Sentence: 'There Are No Excuses'

    Felicity Huffman issued a long statement of apology on Friday after receiving a two-week prison sentence for paying to illegally boost her daughter’s SAT score. In the statement, Huffman, in addition to saying  she accepts the court’s decision, acknowledges and apologizes to other parents fighting to get their children into college. Along with the prison [...]

More From Our Brands

Access exclusive content