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Film development fund operation enhanced |
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Hong Kong has announced a funding boost for the city’s film industry with the Film Development Council implementing new measures for the first quarter of 2010.
The upper limit of the production budget of a film project supported by the fund will rise from A$1.7 million (HK$12 million) to A$2.1 million (HK$15 million) while the upper limit of the contribution per film project will increase from 30% to 35%. The fund will also consider raising the contribution to 40% in special circumstances.
Other measures include: |
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removing the 10 year time limit for the production of two completed films in respect of the applicant, the film director or producer; |
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improving the layout of the application forms to facilitate applications; and, |
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allowing an applicant to buy back the copyright of a film from the Government five years after it has been theatrically released. |
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The council's promotional efforts will also be expanded to cover 3D film production in Hong Kong.
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