Magazine article Screen International

Iceland Fights Film Funding Cuts

Magazine article Screen International

Iceland Fights Film Funding Cuts

Article excerpt

Film industry associations say more than 200 jobs could be lost because of public film funding cuts.

The Icelandic film industry associations yesterday (October 4) turned sharply against the new government's proposal to cut public film funding for cinema by 39% - from $8.4 million (ISK 1.018 million) to $5.14 million (ISK 0.624 million) - in the 2014 national budget.

"We don't understand how the foundations for a modern thriving growth industry can be so suddenly demolished, so many jobs cut, and how a valuable foreign investment can be turned down," said the Association of Icelandic Film Producers, the Icelandic Film Makers Association and The Directors Guild of Iceland in a joint statement.

A financial report presented by the associations concludes that if the 2014 state budget is cut as suggested, the consequences will be the loss of more than 200 jobs in film production, $5.1 million (ISK 615 million) less tax income, $4,2 million (ISK 500 millon) less foreign income, starting next year. …

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