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INDUSTRIA / MERCATO Austria

Il governo austriaco soccorre l'industria audiovisiva del paese con uno speciale fondo da 25 milioni di euro

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- Il fondo coprirà le perdite finanziarie subite da produzioni cinematografiche locali e internazionali durante la crisi COVID-19

Il governo austriaco soccorre l'industria audiovisiva del paese con uno speciale fondo da 25 milioni di euro
Il ministro delle finanze austriaco Gernot Blümel (© BKA)

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The Austrian government has introduced the first fund to compensate film and TV productions that have been delayed or shut down because of the ongoing coronavirus outbreak.

In detail, the emergency programme will cover up to €2.5 million per audiovisual production to cover the firms’ financial losses if, for instance, an actor tests positive and is forced to go into quarantine. International productions will also be eligible for support and governmental funds may be able to cover up to 50% of the additional coronavirus-related costs.

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Approved by Finance Minister Gernot Blümel, the provision will be valid retrospectively from 16 March and can be applied for until the end of the year. The fund will be administered by AWS, Austria’s federal development bank for the promotion and financing of companies, with the help of several film experts.

The country has recently emerged from the health crisis almost unscathed, reporting to date a relatively low number of cases (17,477) and 698 victims.

Similar initiatives may be welcomed and encouraged from other European producers. Many insurance companies did not agree to provide coverage for coronavirus-related incidents on set, leaving the majority of producers to bear all the risks of a possible shut down.

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