Spain’s AVS Hub Plan is Here to Stay, Say Government Reps at Malaga Power Panel
variety.comJohn Hopewell Chief International Correspondent MALAGA, Spain — It’s not over yet. In March 2021, Spanish Prime Minister Pedro Sánchez announced the government would plow €1.6 billion ($1.9 billion) into a Spain AVS Hub plan designed to turn Spain into one of the foremost film and TV hubs in Europe.
Supported by Spain’s E.U-backed Recuperation, Transformation and Resilience push for post COVID-19 recovery, the Spain AVS Hub plan has been co-financed by part of a €806.9 billion ($866.5 billion) NextGenerationEU stimulus package for the whole of the European Union, which is a temporary instrument.
As that package ends, Spain’s government will look to negotiate funding from alternative sources to ensure that Spain AVS Hub initiatives are more than a flash in the pan, a broad cross-section of governmental authorities told an audience Tuesday at a Malaga Spanish Screening Content conference.
Of the original €1.6 billion Spain AVS Hub budget, €1.2 billion has been assigned, María González Veracruz, Spain’s secretary of state for telecommunications and digital infrastructures, announced Tuesday in a keynote speech opening a session dedicated to Two Years of Stimulus for the Audiovisual Sector, Impact and Challenges.
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