Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Tuesday, February 8, 2011

Industry News: German Film Fund Brings in Nearly $500 million in 2010...

January 20, 2011

BERLIN – Germany's tax-incentive for feature film shoots translated into nearly half a billion dollars in production in 2010.

The German Federal Film Fund, the DFFF, handed out $80 million (€59 million) in tax incentives last year, backing 80 features including Paul W.S. Anderson's The Three Musketeers reboot starring Orlando Bloom, Milla Jovovich and Christoph Waltz; the Freudian drama A Dangerous Method from David Cronenberg with Viggo Mortensen and Keira Knightleyand the Liam Neeson thriller Unknown.

According to the DFFF's calculation, that investment paid off to the tune of $458 million (€340 million) in production outlays in Germany last year.

Since its start four years ago, the DFFF has backed a total of 416 productions with a total of $316 million in incentives. The result has been an injection of nearly $2 billion into the German production industry. The DFFF system provides an up front tax rebate of between 16%-20% of a project's production costs in Germany.

Thank you Hollyood Reporter
A.
www.chicas-productions.com
Posted by Essentials by APA at 6:03 PM
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