×
You will be redirected back to your article in seconds

Spain, Argentina Announce Co-Production Treaty at San Sebastian

Long overdue, the treaty should assure that the two countries remain among each other’s most frequent production partners

SAN SEBASTIAN — The biggest regulatory deal signed at this year’s San Sebastian was a new Argentina-Spain co-production treaty, intended to encourage the development of film and TV co-productions between the two countries in order to meet the modern needs of companies and content creators in the two countries.

As movies must counter the dramatic rise in production levels, standing out in ever more crowded markets – European film production grew 50% over the last decade; Latin American levels are up 22% in the last five years, according to the European Audiovisual Observatory – the treaty offers means to fundraising by encouraging international co-production between the two countries. Similarly, as TV ad markets contract, broadcast networks must co-produce fiction to keep up with market demand.

The new treaty comes as a welcome replacement of the previous co-production agreement between the countries, which first went into effect 1969. The 50 features the countries have co-produced together over the past five years – including Argentina’s just-announced Oscar entry, “El angel” –  perhaps indicates just how necessary this update had become.

Put together by the Argentine National Film and Audiovisual Arts Institute (INCAA) and Spain’s Institute of Cinematography and the Audiovisual Arts (ICAA) initial details of the five-year, renewable treaty were announced at San Sebastian on Tuesday, Sept 25.

As was the case until now, the agreement will takes in film. But it has been extended now to include all types of audiovisual work, regardless of format, duration or support, not just feature films, meaning that both series and movies made for TV are eligible.

Financial co-productions – in which there is no required creative element for minority co-producers – should demonstrate a proven artistic quality and have a budget in excess of €1 million ($1.16 million) with participation from each between 10-20%.

The new agreement also updates and clarifies regulation on such issues as: Which countries can be co-producers; the collection of rights between co-producing countries; establishment of proportions required of co-producers – between 20% and 80% of the production budget; and the allowance of co-producers from third-party countries with an economic contribution and technical or artistic elements not exceeding 30%.

More Film

  • Nicole Holofcener: 'Can You Ever Forgive

    Nicole Holofcener: 'Can You Ever Forgive Me?' Director Was Cheated Out of an Oscar Nomination

    “Can You Ever Forgive Me?” screenwriter Nicole Holofcener offered a blunt assessment of the lack of Academy Awards recognition for director Marielle Heller, and women directors everywhere. “I feel Marielle was cheated and I feel badly about that,” Holofcener said backstage after winning a Spirit Award for screenplay with Jeff Whitty. Holofcener was originally attached [...]

  • Stephan James as Fonny and Brian

    2019 Indie Spirit Awards Winners: Complete List

    The 2019 Independent Spirit Awards took place on a beach in Santa Monica, Calif., with Barry Jenkins’ “If Beale Street Could Talk” taking the top prize for best feature along with best director for Jenkins. Ethan Hawke and Glenn Close took the prizes for best male lead and best female lead, respectively. Bo Burnham took [...]

  • Oscars Oscar Academy Awards Placeholder

    Hated It! How We Learned to Stop Worrying and Gripe About the Oscars

    Watching the Academy Awards telecast, then grousing about it the next day, has become a hipster parlor game — it’s what the Complete Oscar Experience now is. The complaints are legion, and we all know what they are, because we’ve all made them. The show was too long. The host bombed. His or her opening [...]

  • Boots Riley arrives at the 34th

    Boots Riley: Spike Lee Yelled at Me After 'BlacKkKlansman' Criticism, But We're Good Now

    “Sorry to Bother You” director and musician Boots Riley, who wrote a scathing criticism of Spike Lee’s “BlacKkKlansman” for its positive representation of law enforcement, said that he and the “Do the Right Thing” auteur are good now. But it took some time (and drama) to get there. Last year, Riley called Lee’s Oscar-nominated “BlacKkKlansman” [...]

  • Dr. Donald Shirley (Mahershala Ali, right)

    Read Variety's 1957 Review of 'Green Book' Pianist Don Shirley

    “Green Book” viewers who are not totally versed in the ways of ’50s and ’60s jazz may come away from the heavily Oscar-nominated movie wondering just how well known and respected the film’s central musical figure, Don Shirley (played by Mahershala Ali), really was in his heyday. The answer: revered enough to have picked up [...]

More From Our Brands

Access exclusive content