Hong Kong Film Development Council Launches Two Funding Schemes To Boost Asian Co-productions, Streaming Content
Hong Kong’s government is introducing two new funding schemes under the Hong Kong Film Development Council (HKFDC) aimed at boosting co-productions with other Asian countries and to support the production of streaming content in Hong Kong. The ‘Hong Kong-Asian Film Collaboration Funding Scheme’ will hand out grants of up to HK$9M (US$1.15M) to a maximum of eight films that are co-produced by Hong Kong filmmakers and their counterparts in Asian countries. Applicants will be able to seek other investors in cases where the production budget exceeds the grant. The ‘Content Development Scheme for Streaming Platforms’ will be conducted through a competition to select eight production teams to develop series for streaming platforms.