Ireland boosts film-TV budget
EmptyThe Irish Film Board has been awarded a 15% budget increase for 2007, bringing the agency's capital funding for film and television to €17 million ($21.8 million), minister for arts John O' Donoghue said Thursday. The IFB's total allocation for 2007, including administration, is now €19.7 million ($25.2 million).
The 2007 budget increase is in line with the trend of rising government backing for the IFB. Its allocation has increased by 60% since 2002, while the value of the film and television industry has jumped from €96.9 million in 2005 to an estimated €175.7 million ($225 million) in 2006.
The increased allocation will help the board promote Ireland as a film location and fund a new office in Los Angeles, IFB chairman James Morris said in a statement.
"Projects produced with funding from the Irish Film Board in 2006 had combined budgets of over €120 million ($153.7 million), which in turn has generated over €80 million ($102.5 million) in Irish spend," he added.
Homegrown IFB-sponsored fare this year includes "Shrooms," directed by Paddy Breathnach; "Garage," from helmer Lenny Abrahamson; and Marian Quinn's "32A."