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News

Mariana Oliveira

Brazil’s Government Funding Freeze Shakes Up Film Business
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Even before coronavirus, Brazil’s film sector was in extraordinary trouble, victim of a near 18-month freeze on government film funding under far-right Brazilian president Jair Bolsonaro.

Now, many executives fear a radical shake out. “We have the incentive freeze, coronavirus, economic crisis, need for a new audiovisual law,” says Fabiano Gullane, one of Brazil’s biggest film-tv producers. The shingle has drama “Paloma,” from Marcelo Gomes, on tap.

“I fear for the future of medium-sized and small companies in Brazil,” he says. “They are near 100% dependent on [federal film agency] Ancine, [and] may well not have the cash-flow to survive the crisis.”

Adds producer Rodrigo Teixeira: “If we don’t have access to subsidies, production will stop, not only because of the pandemic but also the way Brazilian film financing is structured.”

The double crisis will push Brazilian companies into producing for TV as well as Brazil’s digital platforms.

Last October,...
See full article at Variety Film + TV
  • 5/11/2020
  • by John Hopewell
  • Variety Film + TV
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