Magazine article Screen International

Spanish Government Dramatically Cuts Budget for Film Fund

Magazine article Screen International

Spanish Government Dramatically Cuts Budget for Film Fund

Article excerpt

Government cuts film funding in Spain more than 30%.

As Spain's government makes overall budget cuts of 20%, the film industry will now see a cut of more than 30% for the National Fund for Cinematography.

According to newspaper El País, the film fund's budget will be cut from the previous $100m ([euro]76m) to barely $66m (£50m).

This will be balanced by a new pot of $46m ([euro]35m) -- pending expected Congressional approval -- that will go toward paying the debts of the Culture Department, mostly the "redemptions" that are given to a film with successful box-office results.

The film sector is Spain is already suffering a decline in production. Last year, at this time of the year, 74 shoots had already began. In 2012, the figure is down to 25, and only 10 of those are features (the rest are documentaries or shorts). …

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