EUR 60 Million Fund for Film Production in Germany
The German Minister for the Arts and the Media has now announced the framework for the new federal scheme for the promotion of theatrical films. According to this scheme film producers will be entitled to a rebate of 20 % for that portion of the production cost of theatrical films (feature films, documentaries and animated films) which is spent in Germany. The new scheme will be available for the years 2007 to 2009 with a maximum amount of EUR 60 million per year.
The new regulations, however, are still subject to the approval by the Finance Minister and have to be cleared by the European Commission as a cultural subsidy.
Under the new scheme the funds will in general be available automatically without the need for any jury or board decision as long as the film project meets the requirements of the new regulations:
