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.

Thursday, June 2, 2011

Creative Scotland Investing $1 Million Into Initiatives to Boost Scottish Film..

Among the four initiatives is Scottish production banner Sigma Films.

Scottish government backed agency Creative Scotland is pumping £1 million ($1.6 million) into a quartet of initiatives in an attempt to boost Scottish cultural content, develop audiences and bring fame and fortune to Scottish film companies.

Among the four initiatives is Scottish production banner Sigma Films.
It secures a quarter of the cash to help set up its distribution arm Sigma Releasing, to co-release its titles with other distributors and contribute to the p&a costs. An example would be the company's collaboration with Icon for the rollout of You Instead, starring Luke Treadaway.
Also benefiting from Creative Scotland largesse to the tune of £500,000 ($810,000) is a co-venture with the existing Aegis Fund and Prescience, named the MacKendrick Fund. It will offer debt and equity finance to local and international movie projects with Scottish elements or those to be shot in Scotland or post-produced there.

Thank you Hollywood Reporter

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