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Germany increases film fund by 55 per cent

IANS  |  Berlin 

The German has approved a 55 per cent increase in its film fund to 150 million euros ($161 million).

Chancellor Angela Merkel's cabinet on Wednesday authorised a 50 million euro ($53.7 million) boost in the country's German Federal Film Fund (DFFF) for 2018 to 125 million euros ($134 million) as well as 3 million euros ($3.22 million) more for a separate culture film fundi for smaller projects to 25 million euros ($26.8 million), reports variety.com.

The increase follows a recent hike in this year's DFFF pot of 25 million euros ($26.8 million) for a separate funding pool within the DFFF aimed specifically at international co-productions and big-budget domestic films.

Next year, this second funding pool, dubbed DFFF II, will grow to 75 million euros ($80.5 million).

German culture and media commissioner Monika Grütters has also said she would seek more funding for local VFX companies - a move that would likely increase the number of international projects coming to Germany, which boasts a large number of leading firms in the field.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 18 2017. 15:34 IST
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