Germany’s Film Funding Reform Set to Boost Industry With Tax Incentive
variety.comEd Meza @edmezavar Germany’s film and TV sectors are eagerly awaiting the biggest reform in the history of German film funding this year, and while the government of Chancellor Olaf Scholz struggles to navigate a major budget crisis, leading industry representatives are confident the planned overhaul will improve business despite the hurdles.
Overseen by Claudia Roth, the federal government commissioner for culture and media (BKM), the plan aims to create a more centralized film funding system to support production, distribution, world sales and cinemas.
To that end, the plan will include a tax incentive model and a streaming revenue levy that would replace the BKM’s main rebate subsidy programs, the German Federal Film Fund (DFFF) and the German Motion Picture Fund (GMPF), which can cover up to 25% of costs when films are shot in Germany.
The BKM intends to present a draft of the new German Film Law (FFG) amendment ahead of this year’s Berlinale, according to a spokeswoman for Roth.
Read more on variety.com