SOURCE: Press and Public Affairs Bureau
The House committee on appropriations has approved a substitute bill which seeks to grant incentives to Filipino filmmakers who have been given honors in notable international film festivals.
The committee thumbed up the proposed “Film Industry incentives Act” after reviewing its funding provision as contained in Section 6 of the bill.
The appropriations provision says that for the effective implementation of the proposed Act, there shall be established the Special Film Industry Incentives Fund to be administered by the Film Development Council of the Philippines.
The amount of P50 million from the Philippine Amusement and Gaming Corporation (PAGCOR) and another P50 million from the Philippine Charity Sweepstakes Office (PCSO) shall constitute the incentives fund. Thereafter, such sum shall be included in the annual budget of the Film Development Council of the Philippines (FDCP).
The bill declares it is the policy of the State to promote and support the development and growth of the local film industry, which includes both mainstream and independent films produced by Filipino filmmakers or production entities that boldly articulate and freely interpret the Filipino experience with fresh insights and artistic integrity.
Towards this end, the State grants incentives to filmmakers or production entities based on merit to encourage the production of more high quality film projects for the local and global markets.
Incentives shall be granted to those whose films merited the highest recognition for technical or artistic excellence in notable international film festivals. The amount of P5 million shall be given to the filmmaker or producer of international-award winning full-length feature or documentary film.
An incentive of P3 million shall be given to the filmmaker or production entity that produces the international award-winning short feature or documentary film.
Meanwhile, a P2 million incentive shall await the film director, main artist, screenplay, or technical support filmmaker personnel, including the scriptwriter, cinematographer, editor, production designer, music scoring, sound director, audio or video technician, who received the highest international awards in their respective categories.
For supporting artists or technicians who garnered the highest award in their respective categories, a P1 million incentive awaits each of them.
Lastly, the international award-winning films automatically shall be qualified to receive an “A” rating from the Cinema Evaluation Board.
The bill refers to international film festivals as those that have given recognition and awards to high-quality films for the last five years and are well known for their international profile, audience size and the quality and breadth of their festival and industry programs.
To be eligible for the P5 million incentive, an international award-winning film must be made or performed by a Filipino filmmaker or production entity as the case may be. The total production budget for each of the full-length feature or documentary film must not exceed P10 million. The film length must be between 90 to 120 minutes.
To be eligible for the P3 million incentive, the film must be made by a Filipino filmmaker or production entity. The total production budget for each of the short feature or documentary film must not exceed P5 million while the film length must not exceed 90 minutes.
The committee on appropriations is chaired by Davao City Rep. Karlo Alexei Nograles. Authors of the substitute bill are Camarines Sur Reps. Luis Raymund Villafuerte, Quezon City Rep. Alfredo Vargas III, and Cavite Rep. Strike Revilla. (RBBundang)