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El Estudio Nicolas Celis Pablo Cruz Manuel López Obrador John Hopewell Mexico film Inside economy president Funding El Estudio Nicolas Celis Pablo Cruz Manuel López Obrador John Hopewell Mexico

Fear of Funding Woes Push Mexican Pic Producers to TV Productions

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By John Hopewell Chief International Correspondent Mexico’s film industry appears healthy, but the question is for how long.

In 2019, Mexican president Andrés Manuel Lopez Obrador decimated festival funding. There’s a fear that, as the economy contracts, so will its tax credits, the main source of film sector finance, says Pimienta’s Nicolas Celis, a producer on “Roma.” Such fears have seen the country’s top producers re-engineering operations: many, such as Piano, Woo Films, Pablo Cruz at Canana and El Estudio have moved into TV production.

Some, such as Panorama, have launched more commercial, OTT platform-friendly slates. Companies are also aiming to tap more regular international co-financing, such as Pimienta’s first-look deal with

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