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European TV content and film funding rockets

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ronaldo-madrid

Messages : 664
Date d'inscription : 28/12/2013

European TV content and film funding rockets

Message par ronaldo-madrid le Mer 3 Aoû - 5:46

European TV content and film funding rockets

   Editor
   | 02 August 2016




euro TV film investment 2 Aug 2016The latest update of the European Audiovisual Observatory Film Funding Report has found that investment in film and TV content in Europe rocketed by 13.4% between 2010 and 2014.

The report reveals that there were 250 film funds active during the period examined, with 20 new funds created and 21 shut down during the time frame of the report. The yearly average income of film and AV funds in Europe was €2.53 billion. This represents the sum of all profiles of film funds: national/federal funds, sub-national - regional and local funds - and supranational.

Three-quarters of film funding in Europe came from national/federal funds, a yearly average of €1.895 billion, while the average yearly spend for film and AV funds in Europe totalled €2.29 billion. Almost three-tenths of the funds in Europe were national/federal.

The report also indicated what could be a key driver for investment. That is, the number of fiscal incentive (tax credits, rebates and tax shelter) schemes more than doubled between 2008 and 2014, up from 12 to 26 schemes.

Contributions from the national/federal Government and broadcasting levies were the two main sources of financing for film and audiovisual funds in Europe. France alone accounted for a 42% of the incoming resources for film and audiovisual funds in Europe, followed at a great distance by the other four big markets in the EU). This was seen as mostly due to what was described as ‘massive’ mandatory contributions from broadcasters operating in the country.

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