28 March 2024 The Irish Film & Television Network
     
Report shows funding for Film & TV in Europe increased by 13.4%
09 Aug 2016 : Katie McNeice
A recent report compiled by the European Audiovisual Observatory shows an increase in funding for film and TV of 13.4% from 2010-2014.

The Observatory is part of the Council of Europe in Strasbourg and aims at promoting greater transparency and a clearer understanding of the ways in which the audiovisual industries in Europe function, both from an economic and legal point of view.

The report analyses extensive European film and TV financing economic data for the period of 2010-2014. Its findings cover a range of topics from fiscal incentives to the source and spend of AV funds.

It shows the number of fiscal incentive schemes more than doubled in the examined time frame from 12 to 26. Active funds in Europe also remain at a stable figure of 250, with 20 new funds being created and 21 shut down.

The yearly average income of film and AV funds in Europe was €2.53 billion. 29.7% of the funds in Europe were national/federal, which accounts for 74.9% of the total incoming resources.

Conversely the average yearly spend for film and AV funds in Europe totalled €2.29 billion, showing a rise of 13.4%.

Theatrical production accounted for 41% of all resources spent in Europe between 2010-2014, with TV production ranking as the second highest spend. On the other hand, the support for digitization of theatres dropped drastically as digital roll-out has almost concluded in Europe.

Visit the European Audiovisual Observatory online to learn more 





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