facebook
twitter
rss
account
search
search
 

EC OKs Dutch film funds

July 13, 2007 at 11:33 AM   |   Comments

AMSTERDAM, Netherlands, July 13 (UPI) -- The European Commission has approved two funding schemes that will help underwrite filmmakers in the Netherlands.

The Dutch funds, with an annual budget of $37 million, will be distributed as direct grants, which must be less than 50 percent of the movie's budget, Variety reported Friday.

"The commission is satisfied that the new Dutch film funds comply with European Union state aid rules," EC Competition Commissioner Neelie Kroes said in a statement. "Thanks to the cooperation of the Dutch authorities, we were able to approve these schemes, which aim to produce and release high quality Dutch films, quickly."

To be eligible for funding, pictures must meet three of seven requirements covering location, screenplay, characters and overall theme.

Topics: Neelie Kroes
© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Hayden Panettiere confirms pregnancy during ALS Ice Bucket Challenge
2
Sandra Bullock to star in 'Our Brand is Crisis'
3
Mariah Carey and Nick Cannon reportedly separated, will divorce
4
Mickey Rourke vital to 'Sin City: A Dame to Kill For,' says Frank Miller
5
'Real Housewives of Atlanta' adds two to cast
Trending News
Video
x
Feedback