In order to distribute public funding in the Italian cinema, automatic systems have been introduced to eliminate discretionality. 400 million euros a year to help the world of cinema.
An amount of €400 million a year, which will be available after January 1st, 2017, has been allocated by the State to help the entire film industry: for production, distribution companies, for those who manage new movie theatre or recover historic cinemas, emerging artists, foreign companies who decide to invest in Italy as well as Italian companies that instead work for foreign productions. A grant aimed at following the world of cinema from the creation of a product to its release in the movie theatres.
The outgoing Minister of Culture, Franceschini, also wanted to underline the method established for allocating these funds: automatic systems will be used when distributing the loans, thus reducing to none the risk of discretion by the Ministry.
The “Andersen Tax & Legal” consulting firm has also tried to clarify the types of public funding and the easiest ways to access to them. The fundings included in this plan are as it follows:
– tax incentives: €221 thousand (55.25% of the total);
– automatic contribution: €50 thousand (12.50%);
– selective contributions: €32 thousand (8%);
– contributions to film and audiovisual promotion: €40 thousand (10%);
– training fees: €12 thousand (3%);
– extraordinary plan for the upgrading of cinemas: €30 thousand (7.5%);
– extraordinary plan for the digitization of cinematographic and audiovisual heritage: €10 thousand (2.5%);
– special section for the audiovisual of the Guarantee Fund (“Fondo di Garanzia”) for small and medium-sized enterprises: €5 thousand (1.25%).
