BRUSSELS -- The Flemish government plans to double the region's feature film production by 2010 through a mix of cash injections and tax shelters.
Flemish Cultural Affairs Minister Bert Anciaux on Thursday said that the Flanders Audiovisual Fund will receive an immediate €2.5 million ($3.4 million) cash boost in addition to its annual €12.5 million ($16.9 million) grant. He also promised to raise the aid even further next year.
However, Anciaux said that the main engine driving Flemish filmmaking will come from local tax incentives. The tax breaks will allow foreigners to access the plan through co-productions with local producers, who tap companies fiscally registered in Belgium.
Flanders currently produces 6-8 features a year as a majority partner, but Anciaux wants the yearly tally pushed to 12 by 2010. Last year's local market share for Flanders films was 6.8% (compared with 4.9% in 2005), but Anciaux wants to reach 10% by 2010.
Flanders is the semi-autonomous, Dutch-speaking, northern half of Belgium.
Flemish Cultural Affairs Minister Bert Anciaux on Thursday said that the Flanders Audiovisual Fund will receive an immediate €2.5 million ($3.4 million) cash boost in addition to its annual €12.5 million ($16.9 million) grant. He also promised to raise the aid even further next year.
However, Anciaux said that the main engine driving Flemish filmmaking will come from local tax incentives. The tax breaks will allow foreigners to access the plan through co-productions with local producers, who tap companies fiscally registered in Belgium.
Flanders currently produces 6-8 features a year as a majority partner, but Anciaux wants the yearly tally pushed to 12 by 2010. Last year's local market share for Flanders films was 6.8% (compared with 4.9% in 2005), but Anciaux wants to reach 10% by 2010.
Flanders is the semi-autonomous, Dutch-speaking, northern half of Belgium.
- 5/18/2007
- The Hollywood Reporter - Movie News
BRUSSELS -- The government of Flanders in northern Belgium has announced an annual €100 million ($128.4 million) risk capital fund for the audiovisual sector, new media and other cultural sectors. Flemish Culture Minister Bert Anciaux said he wants to attract risk capital for the part of the cultural sector that is ineligible for public subsidies. He said the fund will target market-oriented culture, covering the audiovisual sector, pop and rock music, fashion and design, new media and publishing. The Flemish government will create a cultural investment fund, CultuurInvest, to handle the money, with an initial investment of €20 million ($25.7 million). However, that fund will gradually grow to €100 million a year.
- 5/15/2006
- The Hollywood Reporter - Movie News
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