Wednesday, January 20, 2021

SPANISH CINEMA: HITS DEFY PENNY PINCHING

September 24, 2014 by · Leave a Comment 

Spanish cinema is enjoying its best year ever with major domestic hits that include Emilio Martinez Lazaro’s Spanish Affair, which has grossed an astounding $73.9 million at the box office, and Daniel Monzon’s El Niño, which has drawn $15.3 million to date, Britain’s Screen Daily observed. However, the trade publication notes that, despite the success, Spanish filmmakers are finding it increasingly difficult to raise funds to pay for their productions. It notes that funding problems have seen the average budget of a Spanish film drop 50 percent since 2009 to less than $2 million. The British trade publication also noted that some Spanish producers have been struggling because the government hasn’t paid them subsidies owed for 2012’s releases, although the government is clearing away the backlog. Ramon Colom, president of the Spanish producers’ association FAPAE, commented, "The relationship with the government has improved and there is some optimism. … But Spanish producers need financial security and a clear framework. There is a still a long way to go."