email print share on facebook share on twitter share on google+

Funding - Spain

Country Focus: Spain

ICAA allocates €92.5m for amortisation and distribution of features

by 

The Film and Audiovisual Arts Institute (ICAA), headed by Ignasi Guardans, has announced the recipients of the 2009 subsidies for the amortisation and distribution of features, which amount to €48.1m and €4.4m, respectively.

A total of 98 films will receive amortisation funding, which is the largest subsidy (representing approximately 75%) and is calculated according to box office takings, although this may change in the future (see news).

(The article continues below - Commercial information)

Three productions, Café Solo o Con Ellas (“Coffee Alone or With Them”), The Orphanage [+see also:
trailer
film profile
]
and 13 Roses [+see also:
trailer
film profile
]
, will receive the maximum amount of €1m. Next in line are The Nautical Chart (€980,000), Atasco en la Nacional (“Traffic Jam on the Motorway”, €928,145), El Club de Los Suicidas (“Suicidal People’s Club, €913,365) and Blinkers (€911,421).

Meanwhile, distribution funding has been allocated for 110 releases by 33 different companies. The biggest recipient is Wanda Visión, which will receive €414,106 for seven films, followed by Alta Classics (€390,655 for seven films), Karma Films (€329,219), Sogedasa-Filmax (€318,650), Aurum Producciones (€255,426) and Golem Distribución (€240,404).

Another subsidy, for the organisation of film and audiovisual arts festivals, has recently been announced, with a total budget of €459,000. The Spanish Film Academy’s annual awards, better known as the Goyas, is the most generously financed event, with €150,000.

(Translated from Spanish)

Did you enjoy reading this article? Please subscribe to our newsletter to receive more stories like this directly in your inbox.