National Film Fund to be set up in 2012
Producer Andrew G. Vajna (photo), the government commissioner in charge of restructuring a local film industry devastated by last year’s discovery (see news) that the Motion Picture Public Foundation of Hungary (MMKA) had debts totalling €37m, has announced that a new organisation will be set up in 2012: the Hungarian National Film Fund. The MMKA will be abolished as of May 31, 2011.
The Hungarian National Film Fund will be responsible for production financing with a particular emphasis on the quality of screenplays. It will back between eight and ten features every year up to a maximum amount of €567,000 or half the film’s budget. This year, only three or four films will be supported because the exceptional budget of €7.5m will be used mainly to absorb debts.
However, not all Hungarian film industry professionals are in agreement with the government reforms – see news.
(Translated from French)
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