U.K. Culture Secretary Sajid Javid announced the ratification of a landmark film co-production treaty between the U.K. and China at the GREAT Festival of Creativity.
The deal, which was negotiated for the U.K. by the BFI and China’s Film Bureau and China Film Co-production Corporation, with support from the Department for Culture, Media, and Sport (DCMS) and U.K. Trade and Investment (UKTI) in Beijing, was co-signed by Mr. Tong Gang, Vice Minister of SARFT. It will allow qualifying co-productions to access national benefits, including sources of finance and an easier distribution route to audiences.
In the U.K., this includes the Film Tax Relief and the BFI Film Fund, which is the U.K.’s largest public film fund. In addition, the treaty will mean that all eligible co-productions will be able to be shown in China. Currently, China permits only 34 revenue-sharing non-domestic titles to be shown in Chinese cinemas each year.
As such, many more U.K. films will be shown to Chinese audiences than current restrictions allow.
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