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Russia announces changes to Studio structuring
The Russian government has announced details of their development programme for state-run studio facilities. Studio complexes will be consolidated and private investors will be brought in. Moscow’s Gorky Studio will obtain control of smaller Kazan Studios in the Volga region…
USD1.5 million still available in Florida
The Governor’s Office of Film & Entertainment in Florida has announced that a film has dropped out of Queue ‘A’. This means that USD1.5 million of the 2008/2009 financial incentives fund is available again. Money is also still available in…
FFA confirm funding
The German Federal Film Board (FFA) has finally agreed its budget for 2009. It is understood to be close to last year’s EUR70 million. The FFA can now resume funding, including paying producers “reference funding” for successful 2008 projects. The…
Shine Group buys Metronome for USD88 million
UK based Shine Group has acquired the Nordic region's largest production group, Metronome Film & TV for USD88 million. It increases Shine's international presence to nine territories on three continents and includes all 15 companies under the Metronome umbrella. Elisabeth…
Russians plan strong presence at Cannes
It has been well reported in recent months that the Russian film industry is suffering due to the economic crisis. So, in an attempt to revitalise its image, they are planning to have a large contingent at Cannes this year.…
New Texas rebate programme passed
The new Texas Moving Image Industry Incentive Programme has been passed and offers qualifying feature films, television programmes, commercials, video games, and stand-alone post-production/finishing projects the opportunity to receive a payment of up to 15% of eligible Texas spending upon…
Imagenation makes first investment
Abu Dhabi's film division Imagenation and partner National Geographic Entertainment have announced the first recipient from their USD100 million film fund. They will be making a substantial equity investment in Peter Weir's The Way Back. The partnership plans to invest…
Washington increases tax incentive from 20% to 30%
Governor Gregoire has signed a bill increasing Washington State's film tax incentive from 20% to 30%. The Motion Picture Competitiveness Programme's increase makes Washington State exponentially more competitive as a filming location and promises to bring significant economic development to…
AFACT report shows worth of Australian industry
A report commissioned by the Australian Federation Against Copyright Theft (AFACT) showed that in 2007, 50,000 Australians made their living in the film and television industry. The report, produced by Access Economics, also showed that the industry's turnover for the…
Channing Williams loses battle with cancer
Simon Channing Williams, the UK producer best known more recently for his work on The Constant Gardener, has died at his home in Cornwall aged 63. Channing Williams career started at the BBC working with directors such as Stephen Frears,…