Nick Vivarelli International CorrespondentIn May, the European Parliament voted to almost double the European Union’s entire Creative Europe program up to €2.4 billion ($2.9 billion) over the next five years.
It also earmarked $1.69 billion for its Media strand, which will continue to stimulate and nurture Europe’s film, TV and video games industry as it contends with the many challenges of a rapidly changing market.“The final decision on the budget was taken in the midst of the COVID crisis, which so dramatically affected the financial situation of the audiovisual sector,” says Media chief Lucía Recalde.The increase is also partly “to assist” the European industry in its recovery.
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