European film organizations are sounding the alarm over a proposed EU funding overhaul. The dedicated Creative Europe MEDIA budget, €2.44 billion for 2021-2027, faces dilution. This budget could stretch across a broader 'media' sector, increasing only to €3.2 billion for the longer 2028-2034 period, according to Variety.
The European Commission seeks to streamline cultural and media funding under a generic 'media' umbrella. However, the film industry warns this approach will jeopardize targeted support vital for its unique sector.
Based on unified opposition from key trade organizations, the proposed Creative Europe MEDIA program overhaul is likely to face significant political challenges. It may result in a compromise balancing broader media support with specific protections for the film industry.
Industry Unites Against Proposed Changes
- European trade organizations are opposing the EU Commission's proposed changes to the Creative Europe funding program, specifically the combination of its culture and media strands under the AgoraEU initiative, according to Variety.
- The organizations issued a joint statement urging the European Parliament and member states to maintain the identity and core objectives of the Creative Europe—MEDIA program, according to Variety.
- Widespread concern that proposed changes threaten the foundation of European film support is underscored by this collective action.
Budget Cuts and Scope Creep Spark Alarm
A key point of contention involves the MEDIA program's budget. It faces a potential reduction from €2.44 billion for 2021-2027 to €3.2 billion for 2028-2034, which must also cover the news media sector, according to Variety.
A significant dilution of resources for film is suggested by this proposed budget shift, coupled with an expanded scope. The seemingly larger budget of €3.2 billion for 2028-2034 is a deceptive cut. It now stretches across a broader 'media' sector, effectively reducing the per-year allocation for film and audiovisual.
