MADRID — The first edition of Spain’s film co-production meeting Ventana del Cine Madrileño, which runs Feb. 12-14, will focus on the joint search for business opportunities by Madrid-based producers with film companies in Bogotá and Stockholm.
Launched by Madrid’s regional government and film /TV producers org AMA, event aims to become a yearly meeting that boosts international film co-productions involving Madrid companies, while luring potential foreign movie investors to shoot in the region.
Of the total 29 film projects to be pitched during the three-day meeting, 15 will come from Madrid, nine from Bogota and five from Stockholm.
A key hub for Spain’s film and TV industry, the Madrid region hosts 455 companies linked to contents production, repping 49% of the country’s audiovisual sector production.
Ventana comes at a time when Spanish production companies either have to look to international for a significant chunk of films’ funding or go drastically down on budget with, as a possible consequence, little or no distribution in or outside Spain.
Bogotá and Stockholm may look like not only disparate but strange bed fellows for a co-production market. Both, however, are in countries that offer atractive co-production or services facilities to international filmmakers.
Up and running from late 2013, Colombia offers tax rebates at 20-to-40% of local spend plus rebates from national productions. Added to its low costs, Colombia is attracting a stream of foreign productions into the country.
Stockholm-based producers can tap into funding from the Swedish Film Institute and Film i Vast, one of the most active regional funds in Northern Europe, which offers equity against local spend, used on Morena Films’ “Neon Flesh” and Zentropa Spain/Zentropa Sweden’s “Vulcania,” which also backed by France’s Backup Films – SND is bringing onto the international market at this week’s Berlin European Film Market.
Organizers contacted Colombia’s film agency Proimagenes and the Swedish Film Institute plus the Colombian and Swedish embassies in Spain to define the film delegations attending the event.
The first edition of Ventana del Cine will also host the presentation of a annual catalogue of films involving Madrid-based companies, which surpassed one hundred titles last year.
One question is whether Ventana del Cine Madrileño will now take up the baton dropped last year by the Madrid de Cine-Spanish Film Screenings – canceled for 2014 at least after eight editions – as the main international film market-oriented event taking place in the Spanish capital city.
John Hopewell contributed to this article.