May 23, 2024

The Film Development Council of the Philippines (FDCP) has added a 5% cultural bonus incentive to the existing 20% cash rebate that is part of the Film Location Incentive Program (FLIP), it was revealed at the Busan International Film Festival‘s Asian Contents and Film Market.

The cultural bonus will apply if the project showcases Philippines culture and heritage. The total FLIP rebate is now capped at $540,000. The bonus is already available for projects made under the aegis of the FDCP’s International Co-Production Fund (ICOF), where films or series from any country of origin with a co-production agreement with a registered Filipino production company can apply. Here the bonus can be up to $18,000 for selected projects from the ASEAN region, $35,000 for feature films and series and $18,000 for documentaries.

The minimum required spend in the Philippines for FLIP projects are $353,000 for feature films, $53,000 for shorts, $141,000 for documentaries and $53,000 per episode for series, with a minimum of eight episodes. For ICOF, the minimum spend is 50% of qualifying Philippines expenditure. The application cycle for both funds is now open.

In addition, applications to the the sixth edition of the FDCP’s Full Circle Lab Philippines, a capacity-building program aimed at supporting Filipino and Southeast Asian filmmakers, are now open.

On adding the cultural bonus incentive to the cash rebate, Joierie Ann Pacumio, executive director of the FDCP’s Film Philippines Office told Variety, “We decided to add it because we are receiving a lot of inquiries from filmmakers interested to shoot in the Philippines, and some of them request for additional funding, but we cannot really make it available for everyone across the board. So we make sure that if you get selected, and if you check all these boxes, you can get an additional incentive.”

FDCP chair Tirso S. Cruz III added, “It’s understandable that when people want to shoot in other countries, an additional incentive will always be welcome. And it’s attractive. No matter how big the production is, every little inch helps. When you think about it, it’s a win-win situation, a win for them and a win for the country, because the country will be promoted globally.”

TikTok Coin Hack: A Comprehensive Overview
Le changement de jeu ultime : Les pièces gratuites sur TikTok
Expert Recommendations: Coin Master Free Spin Hack
The Science of Avacoins Farming in Avakin Life
Free TikTok Coins: The Game Changer
Comprendre les générateurs de pièces TikTok : Mythes vs réalité
Mastering the Art of Earning Free Coins in LivU Video Chat
Earn Free Spins in Coin Master Like a Pro
Avakin Life Avacoins Farming Techniques: Unveiled
Free Credits in Bingo Blitz: The Ultimate Game Changer
Coin Master Spins Farming: Tips for Success
genshin impact codes for free primogems mora in january 2023
ZEPETO Zems Farming: What Every User Should Know
match masters free boosters match masters daily gifts
Free TikTok Coins: Your Path to Fame
Free Gems in Brawl Stars: The Future of Brawl Gaming
how to get free gems in dragon city 2023 dontruko
hack family island cheats gift codes resources speedup rubies
TikTok Coin Generators: Fact vs. Fiction
Desbloquea Monedas Gratis en TikTok: Tu Guía Definitiva
Maximize Your TikTok Earnings with Free Coins
TikTok Coin Hacks: The Complete Guide
Obtenez des pièces TikTok gratuitement en quelques étapes simples
Free TikTok Coins: The Game Changer
Free TikTok Coins: Insider Secrets
Guadagnare Monete Gratis su TikTok: Sfide e Ricompense
Maximize Your LivU Video Chat Experience with Free Coins
The Ultimate Game Changer: Free Spins in Coin Master
Free Avacoins in Avakin Life: The Key to Virtual Luxury
The Art of Earning Credits in Bingo Blitz

Leave a Reply

Your email address will not be published. Required fields are marked *