Magazine article Screen International

EC Greenlights Film State Aid

Magazine article Screen International

EC Greenlights Film State Aid

Article excerpt

The European Commission (EC) also extends the Swedish Film Institute's "Film Agreement" for a further three years.

The introduction of the Film Agreement sees the Film Institute's overall budget for production and film-related activities increased by around $63.5m ([euro]48.5m) to $190.4m ([euro]145.5m).

In its statement to the Film Institute, the EC confirmed that four specific compatibility criteria, as set out in the Cinema Communication, had been met:

the aid aims at a cultural product

the aid intensity is limited to 50% of the production budget of the respective film

there are no territorialisation requirements

there are no bonuses for specific filmmaking activities.

The Austrian production incentive scheme Filmstandort Austria (FISA) - with an annual budget of $9.8m ([euro]7.5m) - has been approved until the end of this year" on the basis that the Republic of Austria has undertaken to implement any changes to the scheme which may be required after the expiry of the Cinema Communication". …

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