Written by David Lewis on Feb 25, 2009. Posted in Incentive News

Israel confirms increase in film funding

The Israeli Treasury will increase its film budget by nearly 16% to USD16 million this year. The money will be distributed to Israeli film funds, foundations and institutions by the Israeli Film Council.

This is a surprising turnaround by the government as, until recently, it was expected that almost 50% of subsidies would be cut. Intensive lobbying by the film industry has seemed to pay off.