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Germany Increases Film Funding by 55% to $161 Million

16 March 2017 5:28 AM, PDT | Variety - Film News | See recent Variety - Film News news »

The German government on Wednesday approved a 55% increase in film funding to €150 million ($161 million), marking a major victory for the country’s film industry as well as for German culture and media commissioner Monika Grütters.

Chancellor Angela Merkel’s cabinet authorized a €50 million ($53.7 million) boost in the country’s German Federal Film Fund (Dfff) for 2018 to €125 million ($134 million) as well as €3 million ($3.22 million) more for separate culture film funding for smaller projects to €25 million ($26.8 million).

The increase follows a recent hike in this year’s Dfff pot of €25 million ($26.8 million) for a separate funding pool within the Dfff aimed specifically at international co-productions and big-budget domestic films. Next year, this second funding pool, dubbed Dfff II, will grow to €75 million ($80.5 million).

Grütters has also said she would seek more funding for local VFX companies — a move that would likely increase the number of international projects coming to Germany, which boasts »

- Ed Meza

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