The city of Copenhagen has doubled its funding for the Copenhagen Film Fund, a funding initiative to bring films to the Danish capital. The city has allocated €2 million in the 2016 budget for the fund to invest in attracting international film and TV productions in order to create further growth and jobs in the metropolitan region.
“It is a lot of money, and it is a sign of respect for the good work the Copenhagen Film Fund has done to bring foreign films to the area,” said Copenhagen’s mayor of culture, Carl Christian Jeppesen. “The majority of the city council accepts that the support will return several times to benefit the whole capital.” Jeppesen is negotiating with other investors to provide another €2 million for the coming year. (source: Cineuropa)
The fund has backed two major releases this year: The Danish Girl and The Wave, both of which were shown recently in Toronto. Since its beginning in 2013, the fund has also contributed to The Bridge, Wallander, and the UK series Midsomer Murders.
A report from the Copenhagen Economics Research Institute has concluded that every euro the fund has invested in incoming productions has returned between €3.50 and €6.00 to the region, so far totalling between €13 million and €20 million. “Our goal is to be involved in still more international productions, to contribute both to further growth and employment in the region, and to the development of the Danish film industry,” explained the fund’s CEO, Thomas Gammeltoft-Hansen.