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Peru and the Art of Film Financing

Peru and the Art of Film Financing


Carmen Rosa Vargas Céspedes

General Director of Cultural

Industries and Arts

How do films get financed in your country?

Through the state. The state finances almost all of films produced in the country. Through an annual funding this is distributed in the best possible way in the capital of the country as well as in the states.

The total amount the state provides for this matter is 7 million soles, which in dollars is about 2.5 million dollars annually. Being 2012 the first year the total amount is delivered by the state to the Direction of Culture Arts after 20 years from the creation of the funding.

The way the money is given to the film makers is through a contest, the artists interested in these funding have to register their projects and a jury selects the winners of each year.

Six projects are elected and given 200 thousand dollars each to cover the whole production of the film, in Lima, the capital city.

For the film makers living in the rest of the states the process is the same but the budget changes to 150 thousands dollar approximately.

There are also funding in the post-production area for those film makers who have started their projects in an independent way. For this part of the project the amount of the funding is of 40 thousand dollars and can be use in any area of the post-production process such as editing, soundtrack, etc.

Recently the funding for audience creation was founded and specializes in films oriented for young public.

Can you tell me other ways films get financed in your country?

I don´t know any other way, what some film makers do is once their movie is produced with the estate funds they send it to international films festivals to compete and in that way try to get more money.

To this day the government does not have any treaties of co-production with others countries, there has been some collaborations but were made directly by the artists.

The TV industry does not contribute at all with feature film production, it only broadcast some films but that is all.

The Catholic University of Peru created 11 years ago the “Festival de Cine de Lima” hoping to promote and ferment the feature film creation in the country.

In the website the applicants for the funding can find the information to follow and how to postulate.

In Peru to this day there is no law allowing the private companies to support the film industry and get benefits in tax reduction. By not having this benefit it’s almost impossible to see private companies financing films. 

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