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Germany’s Hastily Passed New Film Funding Law Has Room for Improvement but Is ‘Good News’ for Hollywood, Industry Experts Say
Germany’s hastily passed new film law has room for improvement but is 'good news' for Hollywood productions, industry experts say.
The German parliament on Friday, in its last session before being dissolved, pushed through a watered down version of the country’s long-gestating new film funding law that will basically streamline the process through which local productions get subsidies that are financed by various levies, including on movie admission tickets. “If we have elections at the end of February, then probably we will have a government in April or beginning of May,” says Baumann, who hopes the remaining two pillars of the German film law will go back before parliament for debate and approval next fall. Stumbling blocks in Germany include the contention by streaming giants that they would be forced to make non-economically sustainable investments, and also the fact that many German production companies are owned by broadcasters.
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