EU Commission: Competition - 03/11/08

EU executive backs film subsidies
"European film-makers likely to continue to enjoy tax breaks and grants through to 2012.
European cinema is set to receive a fresh batch of national funding over the coming years, after the European Commission said it wants to prolong until 2012 rules that allow member states to provide their film industries with tax incentives and grants. The decision to extend the rules beyond their current expiry date in 2009 is not yet final and may be affected by the findings of a five-week public consultation period, which runs through to 30 November. However, in statements made on 24 October, Neelie Kroes, the European commissioner for competition, and her colleague responsible for media, Viviane Reding, made clear that they believe film should continue to be exempted from some rules on state aid." [EuropeanVoice]