EU extends state film funding rules to 2012
by Cineuropa
The European Commission has decided to extend until the end of 2012 current rules governing state film funding in Europe.
Under the rules dating from 2001, a project must be deemed to be a cultural product; producers must be free to spend at least 20% of a film’s budget in other Member States; a Member State can finance up to 50% of a film's budget, with some exceptions if a film is considered "difficult" or is made on a low budget; and no new funds are to be authorised for film production other than those heretofore available.
"The great success of the Best European Film of 2008, Gomorrah [+see also:
film review
trailer
interview: Domenico Procacci
interview: Jean Labadie
interview: Matteo Garrone
film profile], confirms the vitality of European cinema,” said EU Media Commissioner Viviane Reding. "European cinema wins awards outside of Europe as well, and in order to express themselves European directors needs to a stable environment for the film industry. This is why we are reconfirming the rules for state film support for another three years".
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