British Film Commission adds sponsors...

British Film Commission adds sponsors...

Funding to rise 50% to $962,730 a year
By ROBERT MITCHELL

LONDON -- The British Film Commission has announced three new commercial sponsors following the announcement last week that the national body would see its funding from the British Film Institute rise 50% from £400,000 ($641,820) to $962,730 a year.

The new sponsors, visual effects company Double Negative, post-production facility MPC and Working Title Films, join the list of the BFC's commercial industry partners that form its public/private partnership. Existing sponsors include: Disney, Framestore, Harbottle & Lewis, Pinewood Studios Group, Saffery Champness and Warner Bros.

"We are delighted the BFI has committed an additional $321,000 to the British Film Commission. This will enable us to drive forward in promoting the U.K. as the best place in the world to produce films, and ensuring the U.K. is attractive to international investment," said Adrian Wootton, chief executive of the BFC and Film London. "We would also like to thank our new sponsors for their generosity. What better endorsement of the work of the BFC than sponsorship from our commercial partners and I am gratefully for their ongoing support."

The coin from the BFI will enable the BFC to maintain its important activity in the U.S. and carry out further investigation into opportunities for attracting new business from other territories. The latter is being carried out in partnership with U.K. Trade and Investment. The current strategic partnership with UKTI gives the BFC the opportunity to grow inward investment and extend the U.K.'s international commercial activity through film, as well as maximise the benefits of the proposed TV tax credits expected to come into effect from April 2013.

The BFC is responsible for driving inward investment to the U.K. through international feature film production. In 2011 inward investment films generated approximately $5.9 billion to U.K. GDP.

Thank you Variety

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U.K.'s Production Film Market Pacts With India...

The British producers' meet and greet will link with Primexchange in Goa aiming to ignite Euro-Indian collaborations.

LONDON – The Film London Production Finance Market (PFM), backed by the British Film Institute, the mayor of London, Europe's MEDIA program, U.K. Trade & Investment

Producer Marianne Gray to Deliver Keynote at The Film London Production Finance Market
Europa's Le Pogam gives PFM keynote

The fresh links with Primexchange will see one U.K. or European producer from the 2012 PFM, selected by Film London, given a ticket to India's Film Bazaar, the seven day professional training program which takes place in Goa.

Primexchange is a co-production workshop, founded and organised by Berlin based Primehouse.
It provides a forum for independent European and Indian producers meet and greet and talk movie funding.

Through Film Bazaar it offers an integrated approach to further develop film projects.
Film London in collaboration with Primehouse will select producers "with project(s) that are relevant for an Indian market, in terms of where the film will be shot or its commercial viability."

Film London chief executive Adrian Wootton said the pact would build on his organization's long running relationship with the Indian film industry.

"The Film Bazaar is a great opportunity which we are a delighted to be offering a successful PFM producer," Wootton said.

The PFM returns for a sixth year running Oct. 17 and 18 in association with the BFI 56th London Film Festival.

The Market already has existing partnerships with Toronto International Film Festival's International Financing Forum, Melbourne International Film Festival's 37ºSouth Market, Rome International Film Festival's New Cinema Network, Ile de France Film Commission and the Nordic Co-Production Market at the Norwegian International Film Festival in Haugesund.

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British Film Institute poised to get more coin

British Film Institute poised to get more coin
Rising lottery sales to boost arts funding

By ADAM DAWTREY

LONDON -- The British Film Institute could be set for a dramatic increase in its funding, thanks to a boom in sales of National Lottery tickets, according to the latest U.K. government estimates.
Culture minister Ed Vaizey announced that the BFI is now projected to receive £240 million ($380 million) in lottery coin from 2012-13 to 2016-17, up 20% from the previous predicted figure of around $318 million.

That would translate as an average budget of $78 million a year to be spent on U.K. film production, distribution, training and industry development. The government previously said the BFI's lottery funding would increase from $43 million to $68 million a year by 2014.

That compares to the budget of $40 million a year received by the U.K. Film Council before its closure last April.

But insiders estimate that the BFI's actual budget could even higher, to as much as $90 million a year, after including unspent surpluses inherited from the UKFC and recoupment revenues from hit UKFC films such as "The King's Speech" and "Streetdance 3D."

The BFI was already set to benefit from the government's decision to give a larger share of the national lottery revenues to the arts from 2012 onward, after several years in which a significant proportion of lottery coin was diverted to funding the London 2012 Olympics.

The latest increased budget estimates follow an unexpected rise in lottery ticket sales.

The Arts Council of England is also now projected to receive an extra $253 million from 2012 to 2017, bringing its total five-year budget to $1.98 billion.

But Vaizey cautioned that these increases will only materialize if the current upward trend of lottery sales continues over the next five years.

"In a time of economic uncertainty, the arts are more important than ever," Vaizey said. "The cultural value is immeasurable and we are in no doubt about the contribution that the arts make to our economy, our communities, our schools and our well-being.

"We reformed the National Lottery so that the arts, film, sports and heritage would all benefit. And rising ticket sales mean that an extra £200 million could be going to the arts over the next five years, which is great news for artists and audiences across the country."

Thank you Variety.


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