Days after a general strike and in the midst of deep austerity measures to attack the fiscal deficit, the Spanish government announced Tuesday the Central Film Protection Fund will plummet by 36%, cutting $63.7 million from the 2012 budget.
Even though these subsidies aren’t available for US Studios, it’ll be interesting to see how the EU navigates new proposals on subsidies given the current recession in Europe.
related posts:
Europe Proposes Film Subsidy Cap
The European Film Subsidy Trade War
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Spain Cuts X,Y & Z ???
http://www.businessinsider.com/chart-of-the-day-apple-companies-spain-portugal-greece-2012-4
Gee I wonder why…
Daryl…
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