Arab Today, arab today eu adopts new rules on aid to cinema industry
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

EU adopts new rules on aid to cinema industry

Arab Today, arab today

Arab Today, arab today EU adopts new rules on aid to cinema industry

Brussels - AFP

The EU executive on Thursday released long-awaited new rules on state aid for film-making which are likely to satisfy Europe's influential cinema industry. The rules set out how much state aid a film can receive and how much of that aid must be spent in the country providing the budget support. Despite fears the European Commission would lower the limits, thus harming local industries and economies, the new rules remain largely in line with former ceilings. Aid will continue to be limited to 50 percent of the production budget but the ceiling will rise to 60 percent for co-productions funded by several member states. Governments putting funds into the film industry will also continue to be allowed to demand that recipients across the audiovisual sector spend a certain percentage of the cash in their country. This bending of the single market rules "is justified by the promotion of cultural diversity which requires the preservation of the resources and know-how of the industry at national or local level," a Commission statement said. Governments can also condition aid to up to half of the production budget taking place on their territory. EU nations provide around three billion euros ($4 billion) a year in film support -- two billion in grants and soft loans, the remainder in tax incentives. France, Britain, Germany, Italy and Spain are the largest providers of aid to their film makers who complain that they are at a major disadvantage compared to the huge resources the US industry can command.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu adopts new rules on aid to cinema industry Arab Today, arab today eu adopts new rules on aid to cinema industry

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu adopts new rules on aid to cinema industry Arab Today, arab today eu adopts new rules on aid to cinema industry

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday