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Online Film Financing: A New and Soon-to-be Indispensable Tool

Online Film Financing: A New and Soon-to-be Indispensable Tool

ONLINE FILM FINANCING

Going to Cannes? As registrants of the market, every year we receive many booklets that are useful throughout the year. For many years we have been
receiving the Funds Book which lists useful figures and statistics as compiled by the European Audiovisual Observatory, an arm of the Council of Europe ( www.obs.coe.int) . Now the information is available in an online interactive format most useful to producers. The
Online Film Financing Project (OLFFI PROJECT http://www.olffi.com/) is…

A UNIQUE web-based tool that …

§ Assesses the level of eligibility of a project for specific support programs from complex international film funding opportunities

§ Simulates the number of points in various cultural tests

§ Combines different elements of a production set-up in order to match targeted eligibility criteria

§ Compares the level of eligibility for different financing programs

Launched…

It is extremely useful and helpful to have a quick view of the world’s financing mechanisms and to know they will be updated. Not only are its country
overviews, but interactive comparisons between countries is unique.

Here is an example, in this case, a comparison between the national funds of Argentina and Brazil:

FUNDING BODY

INCAA

Audiovisual Sector Fund (FSA)

COUNTRY

Argentina

Brazil

LEVEL

National

National

SUPPORT PROGRAMME

AR – Fund for Cinematographic Production

BR – PRODECINE (FSA)

ACTIVITY

Production

Production

ANNUAL BUDGET

  • Value

45 500 000 €

99 999 999.99 €

  • Info

annual budget BRL 400 000 000,00

PROJECT TYPES

Feature Films

Feature Films, TV series, TV single work

NATURE OF PROJECT

Fiction, Animation, Documentary

Fiction, Animation, Documentary

MAXIMUM AMOUNT

  • General

500 000 €, Majority Coproduction : 324 000 €, Minority Coproduction : 300 000 €, Maximum Amount 500 000€ / Majority Coproduction 324 000€ /
On average 75% of maximum amount, depending on Argentinian quote share and considering only Argentinian film costs.

  • Fiction

530 000 €

1 500 000 €

  • Animation

530 000 €

3.300 euros/minute

  • Documentary

530 000 €

333 000 €

AVERAGE AMOUNT

  • General
  • Fiction

350 000 €

  • Animation

415 000 €

  • Documentary

165 000 €

250 000 €

CAP PER PROJECT

  • of total production budget

33%

80%

  • of Coproduction share
  • Info

From 20% to 80% depending on % of Brazilian share

NATURE OF FUNDING

Selective

Selective

  • Info

TYPE OF FUNDING

Not Recoupable

Recoupable, Profit Share

RECOUPEMENT POSITION

Not Applicable

Recoupment in first position / Proportional to the investment in production budget/ Limited to 80% of Brazilian producer profits, until
minimum return of the investment (between 10% and 30%)

  • Info

WHO CAN APPLY

National Production Company, Service Company

National Production Company

  • Info

The Producer must be registered in the INCAA National Register of Producers

Brazilian independent companies only.

MAIN ELIGIBILITY REQUIREMENTS

  • Has Cultural Test

NO

NO

  • Other Requirements

At least 80% of the financing must be confirmed / Financial coproduction only with Spain / For non official coproductions, min. of 20% of
national share

Brazilian share at least 20% of the budget / For coproductions, application made by the Brazilian coproducer / Min. 2 actors per country /
2/3 of the artistic team from Brazil / If foreign director, must be Brazilian resident for at least 3 years (except for countries with
coproduction treaties with Brazil).

  • Info

SPENDING OBLIGATIONS

  • In the country

NO

NO

  • In the region

NO

NO

  • How much ?
  • Info
  • Others Obligations

MAIN SELECTION CRITERIA

Script, budget, financing plan, cast and crew, distribution

Quality of the project, financial aspects, artistic and technical team from Brazil

PAYMENT SCHEDULE

  • Beginning of PP

NO

NO

  • During production

NO

NO

  • After Completion

NO

NO

  • End of Fiscal year

NO

NO

  • Comments

WHEN TO APPLY

  • Number of sessions per year
  • Application Dates

2014/02/17

  • All year round

YES

  • Info

CERTIFICATION PROCESS

  • Certification Process

Inscription, evaluation, pitching and investment decision

  • Prior Shooting

NO

NO

  • At any time

NO

NO

  • After completion

NO

NO

NUMBER OF PROJECT FINANCED PER YEAR

  • National/Majority Coproductions

110

80

  • Minority Coproductions / Year

20

5

Founded by

 

Joëlle Levie
served as General Director of the Bureau du Québec de Téléfilm (Canada) and later held the same position for the Société de Développement des Entreprises
Culturelles (SODEC). After returning to Europe, she took over the Tax Shelter division of the ING bank in Belgium. Today, she works as an audiovisual
consultant for various organizations (ACE, EAVE, ScriptEast, Fémis, Esra FOCAL…) and is President of the film selection committee of the Wallonia-Brussels
Federation in Belgium.

François Farrugia
is the founder and CEO of Moviesoft, a leading European software reseller for film production that provides scriptwriting, production scheduling and film
budgeting software. MovieSoft.com serves nearly 10,000 clients in Europe.


Ilann Girard
, General Counsel of Pandora Cinema for 12 years, created Arsam in 2002 to advise audiovisual producers on the development and financing of their projects.
He is also an active film producer, serving as executive producer on The March of the Penguins and Plastic Planet and as producer on Goodbye Bafana, Lebanon, and Ombline. He has won two Oscars, Berlinale Cinema for Peace prize, the Golden Lion in Venice and two
European Film Awards.


They have this to say:

About Us

It’s hard to get funding for your film. You’ve checked out your local film commission, raised a few bucks through crowdfunding, schmoozed with your uncle’s
rich friend, and promised Pepsi you’ll include their drink in every shot. But you still don’t have enough. What do you do?

Olffi.com is our answer to the ever-growing difficulty of finding public
funding for film and audiovisual projects. Discover new fundsyou never knew existed. Find out which countries give you the best cash rebates. Get in touch
with local producers to partner with. Verify if you’re eligible for a grant. And make a real difference to your film budget.

Our goal in creating OLFFI was to make finding public funding easy for you. We bring you information that’s complete and reliable, updated every day and
validated by the funds themselves before it goes on the site.

New grants, increased budgets, new coproduction treaties: we keep up to date on all the changes in the world of public film funding, so that you don’t have
to.

Questions? Write to us at contact [AT] olffi.com or go online for a week’s free trial! Definitely endorsed by SydneysBuzz!

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