Euro Film Agencies Stand Behind Threatened MEDIA Program (Berlin)
It is widely believed the EU will slash MEDIA's budget after 2013 and may scrap the program altogether.
BERLIN -- Europe's national film agencies stood up in Berlin for the European Union's MEDIA program, issuing a declaration calling on Euro politicos not to cut the pan-national film subsidy fund.
The current MEDIA program has a budget of more than $1 billion to dole out on European co-productions starting from 2007 and running to 2013. But it is widely believed the EU will slash MEDIA's budget after 2013 and may scrap the program altogether. This could prove disastrous for many European producers, who count on MEDIA coin to close financing on their films.
In their declaration, the European group, which includes France's national film funding body the CNC and Germany's FFA said they were "deeply concerned with the prospect of a possible merger of the MEDIA Program with other community programs," fearing that "the Program would lose both its clear and specific focus on Europe's audio-visual industries and its underpinning financial security."