This Week's Handful of Must-See Headlines

Incentives

Production in India: Country Announces Increase to Rebate Program
At the International Film Festival of India's opening ceremony, the Ministry for Information and Broadcasting announced a boosted incentive: a 40% rebate (up from 30%) on eligible spend, capped at $3.6 million. Films showcasing Indian content will receive an extra 5% bonus.

Film Festival

Lessons From Camerimage: Top Takeaways From the Polish Festival
The 2023 Camerimage International Film Festival in Toruń, Poland, recently concluded. It honored personal narratives in film, spotlighted women advocating for industry equality, and showcased global cinema, emphasizing opportunities for emerging cinematographers.

Streaming

Original Content in Europe: Streamer Spend Reaches $5.4 Billion
The European Audiovisual Observatory's report reveals that European streamers allocated nearly $5.5 billion towards original content in 2022, marking a significant 70% surge from 2021 figures and a robust recovery post-Covid-19. However, the EAO cautions that this steep upward trend might not be sustained due to ongoing business model and economic restructuring.

International

Changes Ahead: U.K. Film Industry Explores Concerns
Responding to industry concerns about sustainability, the U.K. government has launched a "call for evidence" to bolster film and high-end TV tax credits, aiming to keep visual effects (VFX) business within the country. By April 2025, changes to the Audio-Visual Expenditure Credit (AVEC) are anticipated, with an additional £2.1 million pledged for the British Film Commission (BFC) and BFI Certification Unit to address resource challenges.

Television

Thanks to Sports: NFL Views Are Key Driver for Broadcast Gains
Last month, U.S. broadcast networks surged to 24.6% of TV viewership, their highest since January, driven notably by sports content, constituting 30% of all broadcast viewing, up from 25% in 2022. In contrast, both cable and streaming experienced declines in October.

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INDUSTRY NEWS, FRIDAY5