The national film board, the INCAA (Instituto Nacional de Cine y Artes Audiovisuales) has just released new funding guidelines that will govern which fiction and documentary projects will be made in Argentina.
For the first time, producers can apply for funds for already produced movies. Presently, a lot of movies are made with very small budgets, and are then presented to the INCAA for funding and the producers claim that the movies haven´t been made yet. This will make the process more honest. The amount that one picture can receive will increase to 2.300.000 pesos (as of Dec 2008, about 666k at 1 peso to 3.45 USD) and films no longer have to be filmed in 35mm to qualify.
INCAA will continue to fund documentaries made digitally, acquiring the broadcast rights in Argentina and letting the producers profit from sales abroad–a great business model for people considering investing in Argentine-made docs.
Most movies made in Argentina receive government funds and are also exhibited in government run movie theaters. These funds are raised by a tax on movie tickets and television stations (not general taxes). Hollywood and Bollywood in India are the only two film centers in the world that exist without government funding.
Currently, INCAA funds about 70 motion pictures annually and the hope is that this law will result in less productions but in better funded ones.
For more info, in Spanish go to:
and the official INCAA site: