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Philippines Touts New Incentive Schemes at Virtual FilMart
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variety.comPatrick Frater Asia Bureau ChiefMultiple agencies from The Philippines took to the virtual floor on the first day of FilMart to promote the Southeast Asian country’s companies and to tout the island nation as a desirable production location.
Its biggest new selling point is a recently-unveiled funding system for Asian co-productions.The ASEAN Co-Production Fund (ACOF) provides grants of up to $150,000 to feature films (live action, animation, documentary or Imax) that hail from the region covered by the Association of South East Asian Nations.While insisting that the film’s director must be an ASEAN national is a deliberate hurdle, the fund is more generous in terms of the film’s nationality.
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