Nick Vivarelli International Correspondent The Venice Film Festival will host a Ukrainian Day on Sept. 6 with a series of panels and meetings to support war-torn Ukraine and its film industry.
08.08.2023 - 17:41 / variety.com
John Bleasdale Guest Contributor Up to $20 million could be pumped into independent film production in Switzerland thanks to revisions to the country’s Film Act, which will compel streamers such as Prime Video and Netflix to invest in the local film business. A roundtable during the Locarno Film Festival titled “Swiss Film Industry – New Film Act and New Opportunities” outlined the changes that would come into force in the new year with the implementation of the revised act.
According to Swiss law, local television companies must invest 4% of their revenue generated in Switzerland on independent film production. The amendment, which was approved by a referendum and was voted into law, extends this obligation to streamers, as well as mandating a 30% quota for European content.
The act will also oblige streamers to provide data transparency to the authorities, though the authorities will not be allowed to publish the data. “The regulation will say it’s okay for you to make money, but you have to give something back to the culture you are making money with,” Matthias Bürcher from BAC (Switzerland’s Federal Office of Culture) commented.
The money, estimated to be €18 million ($19.7 million) a year, will be dispensed by the companies involved rather than a government fund. The money can be released in three ways: one, by licensing films which are already made; two, financing films completely; or three, participating in co-productions.
The fund will be available for all kinds of films including fiction features, documentaries and shorts. Chairing the discussion, Enrico Vanucci of European co-production funding agency Eurimages welcomed the news of these additional resources, but Gabriella Bussmann, a Swiss producer also on
.Nick Vivarelli International Correspondent The Venice Film Festival will host a Ukrainian Day on Sept. 6 with a series of panels and meetings to support war-torn Ukraine and its film industry.
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