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FUNDING France

Soficas: Lobbying pays off

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The vote from France’s Lower House of Parliament yesterday on the article of the bill relating to the reform of the Soficas (finance companies for the film and audiovisual industry, see news) marks a mission accomplished for the 15 professional organisations who fought to defend the system.

For 2006 and 2007, investors will have the possibility of benefiting from a 40% tax reduction of sums invested within the dual limit of €18,000 and 25% of total net turnover. In 2005, ten Soficas provided funding worth €31.63m to 78 French features, thereby covering an average 6.9% of their budget.

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The Soficas can now launch their subscriptions for 2007, as is the case for the Coficup fund run by Backup Films (see news), which has decided to increase its budget from €1.15m in 2006 to €3m in 2007.

Projects in which the outfit invested in 2006 included: Après lui by Gaël Morel (see news), 24 mesures by Jalil Lespert (see news), Où est la main de l'homme sans tête by Guillaume Malandrin (see news), J'attends quelqu'un by Jerôme Bonnell (see news), Je te mangerai by Sophie Laloy, La France by Serge Bozon (see news) and La siciliana ribelle by Marco Amenta, starring Gérard Jugnot.

The latter, an Italian/French co-production – already in receipt of €750,000 from the Italian Ministry of Culture (Ministero per i Beni e le Attività Culturali) – recounts the tragic fate that befell young Sicilian Rita Atria when she denounced the Mafia system and committed suicide in 1991 following attacks on renowned anti-Mafia judges Falcone and Borsellino.

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(Translated from French)

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