Film Funding Cutbacks Weaken German Film Boost
The German government lowered film funding. They will pay for this cut with money from streaming services. This change worries about cinemas.
The German government had previously given film production 250 million euros each year. They then reduced this amount by a fifth. Streaming companies will now provide the missing money. This shift is causing worry about the future of movie theaters. It also affects how films are made in Germany.
Summarized from the sources above. Read the originals for the full story.
Highlights
Government Cuts Film Funding
The German government decreased film funding by 20 percent.
Initial Funding Increase
The funding was initially set at 250 million euros.
Streaming Investment Added
Increased investment will replace the reduced film funding.
Cinema Concerns Raised
The decision worries about traditional cinema's future.
Production Concerns Also
Film production in Germany is also a concern.