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

  • El silencio de otros

    Film Review: 'The Silence of Others'

    “Forgiven but not forgotten” is a platitude we routinely use to end disputes both petty and grievous, but it’s the reverse outcome — the mass forgetting of crimes and conflicts never truly resolved — that itches away at a post-Franco Spain in “The Silence of Others.” Soberly chronicling the ongoing legal battle of General Franco’s [...]

  • A Womans Work-The NFLs Cheerleader Problem

    Tribeca Documentaries Explore Gender Issues in Sport

    Up until recently, what it meant to be a professional female athlete in a world dominated by men wasn’t an issue that garnered high volumes of public interest, let alone national headlines. But that all changed in October 2017 when stories from the New York Times and the New Yorker detailing sexual allegations and improper [...]

  • Lizzo Coachella Valley Music and Arts

    Lizzo Joins Cardi B and Jennifer Lopez in Stripper Film 'Hustlers'

    After the release of her third album and a pair of high-profile Coachella performances, Lizzo announced today that she will be joining Cardi B and Jennifer Lopez in the stripper-themed film “Hustlers.” Based on a true story, the film focuses on strippers who band together to turn the tables on their wealthy Wall Street male [...]

  • Ralph Fiennes attends a special screening

    Ralph Fiennes on Directing Rudolf Nureyev Biopic: 'It's Been a Very, Very Long Road'

    Ralph Fiennes celebrated his latest directorial outing, “The White Crow,” on Monday night in New York City. The Sony Pictures Classics film tells the story of legendary dancer Rudolf Nureyev. “It’s been a very, very long road. We were mad. We were mad to take on this subject of Rudolf Nureyev. Mad. Completely mad,” Fiennes [...]

  • Marc Malkin The Big Ticket Podcast

    Variety, iHeartMedia Launch New Film Podcast 'The Big Ticket' With Marc Malkin

    Variety and iHeartMedia have announced the premiere of “The Big Ticket,” a new weekly film-focused podcast hosted by Marc Malkin, the magazine’s senior film awards and events & lifestyle editor. The podcast will feature sit-down interviews with Hollywood’s hottest stars and filmmakers talking movies, the business and more. New episodes will be released every Thursday [...]

  • 2019 Box Office Placeholder

    Can 'Avengers: Endgame,' 'Lion King' and Other Summer Movies Rescue the Box Office?

    In the summer, as temperatures rise and schools go on break, Hollywood likes to stick to a well-worn formula: Pack the multiplexes with franchises, spinoffs, reboots and remakes. This coming season will be no different — with hopes that the pay off at the box office will help reverse the current turndown in ticket sales. [...]

  • Cameron Crowe, David Crosby in Park

    Cameron Crowe on Putting 'the Most Colorful Life Ever,' David Crosby's, on Screen

    Cameron Crowe jokes that David Crosby is following his career path. The star’s frankness and tell-it-like-it-is demeanor has resulted in Rolling Stone magazine’s invitation to set up the Rock and Roll Hall of Famer’s next act as a rock Dear Abby of sorts with his new column: “Ask Croz.” “Isn’t that great?” says Crowe, the Oscar-winning [...]

More From Our Brands

Access exclusive content