On Monday, May 14, the Steering Committee of the Audiovisual Sector Fund
(FSE) in Brazil approved its first Annual Investment Plan. With the fund now approved, the entity reached a record number of R$ 1.52 billion (over US$ 330 million) to be devoted to the sector in 2018.
This time, the FSE approved an additional R$ 705 million (US$ 191 million) for the audiovisual industry, which join the R$ 551 million (US$ 149 million) from the #AudiovisualGeraFuturo program announced during the first quarter of the year.
According to the Tela Viva
website, the Steering Committee must still determine the destination of the R$ 120 million (US$ 32.6 million) still available. And thus, the total investment for 2018 would be R$ 1.376 billion (US$ 376 million).
The new lines of investment, the Ministry of Culture said, will launch throughout the year.
Ancine also explained the destination of resources, which this year presents new features, comes from a detailed diagnosis of the FSA’s results during its first 10 years in business and from a year of intense debate in the Committee.
Among the new lines of investment are, for example, education and training; games, VR and AR; restoration and digitalization of collections; and international co-productions.
Considering the lines approved thus far, this is how the main resources are divided:
R$ 465 million (US$ 126 million) (production and development)
R$ 98 million (US$ 26.6 million) (distribution)
R$ 424 million (US$ 126 million) (production, development and promotion)
R$ 3.,7 million (US$ 115 million) (production, development and launch)
R$ 100 million (US$ 27.1 million)
Festivals and Showcases
R$ 26.5 million (US$ 7,2 million)
R$ 6,5 million (US$ 1.7 million)
Education and Training
R$ 17.6 million (US$ 4.7 million)
Preservation, Memory and Digitalization of Cultural Heritage
R$ 23.4 million (US$ 6.3 million)
Regional Co-Investment Projects
R$ 56.4 million (US$ 14.8 million)