on Saturday launched a package of measures intended to facilitate international co-productions and to attract location shooting to the country.
Alternatively, projects can apply to the just-launched International Co-Production Fund . Feature length live action, documentary or animation films become eligible if they sign a co-production deal with a certified Philippine producer or production company.and the fund. Upon approval, between 10% and 40% of qualifying production spend may be rebated through either FLIP or ICOF. There is maximum rebate payment of $193,000 .
Once all the grants are approved and the production is completed, the producer needs to give on screen acknowledgement to the FDCP, supply a DVD of the final work, promotional material, and five years of non-commercial rights for theatrical public screenings.“We are opening up to more collaborations. Our filmmakers are so eager to work on projects right now,” said FDCP chairperson and CEO Liza B. Dino at a launch event in Busan.
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